💫 Market Metrics: Weekly Roundup
⭐ Sensex: 81,381.36 ⬇️
⭐ Nifty 50: 24,964.25 ⬇️
⭐ Nifty Bank: 51,172.30 ⬇️
⭐ Nifty Smallcap 100: 19,008.80⬆️
⭐ Nifty Midcap 100: 59,212.70 ⬆️
✨ Market Performance Key Takeaways For The Week
🌟 The markets stabilized after last week's bear grip as benchmark index showed minimal price change with Nifty 50 closing marginally below 25000, registering a 0.20 percent weekly correction.
🌟 As the markets underwent a correction, 25250-25300 is now expected to be the intermediate resistance zone and 24800-24700 is expected to offer support. Also, a decisive breakthrough above 25050-25080 would be instrumental in accelerating the bullish momentum toward higher levels.
🌟 The market participants are advised to monitor global developments and exercise caution as the possibilities are still open while skepticism also exists about the correction bringing respite.
🌟 BANKNIFTY consolidated itself after an extremely tough last week and lost 0.70 percent over the week to closed below the 52000 mark. While short term traders are advised to avoid rushing into this space and ideally use intermediate rallies to lighten up long positions, 51500-52000 is now expected to serve as a resistance zone and 50700-50450-50100 is anticipated as a support zone.
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✨ News Highlights For The Week
🌟 Adani power deal under scrutiny as Bangladesh weighs pricing and supply issues
🌟 Trump vows reciprocal tariffs on India, calls it the biggest tariff charger
🌟 SEBI extends deadline for direct payout of securities to November 11
🌟 Jindal Power, Vedanta and CESC in race for Hiranmaye Energy's ₹1,300 crore assets
🌟 Ratan Tata, the Chairman Emeritus of Tata Sons and one of India’s most revered industrialists, passed away in Mumbai.
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Disclaimer: https://bit.ly/3usSGoH
Sources: Angel One Research | Mint | BS | FE| ET | BL |
Date: October 11, 2024
⭐ Sensex: 81,381.36 ⬇️
⭐ Nifty 50: 24,964.25 ⬇️
⭐ Nifty Bank: 51,172.30 ⬇️
⭐ Nifty Smallcap 100: 19,008.80⬆️
⭐ Nifty Midcap 100: 59,212.70 ⬆️
✨ Market Performance Key Takeaways For The Week
🌟 The markets stabilized after last week's bear grip as benchmark index showed minimal price change with Nifty 50 closing marginally below 25000, registering a 0.20 percent weekly correction.
🌟 As the markets underwent a correction, 25250-25300 is now expected to be the intermediate resistance zone and 24800-24700 is expected to offer support. Also, a decisive breakthrough above 25050-25080 would be instrumental in accelerating the bullish momentum toward higher levels.
🌟 The market participants are advised to monitor global developments and exercise caution as the possibilities are still open while skepticism also exists about the correction bringing respite.
🌟 BANKNIFTY consolidated itself after an extremely tough last week and lost 0.70 percent over the week to closed below the 52000 mark. While short term traders are advised to avoid rushing into this space and ideally use intermediate rallies to lighten up long positions, 51500-52000 is now expected to serve as a resistance zone and 50700-50450-50100 is anticipated as a support zone.
……………………………………………………………………………………………………………………………………………………..
✨ News Highlights For The Week
🌟 Adani power deal under scrutiny as Bangladesh weighs pricing and supply issues
🌟 Trump vows reciprocal tariffs on India, calls it the biggest tariff charger
🌟 SEBI extends deadline for direct payout of securities to November 11
🌟 Jindal Power, Vedanta and CESC in race for Hiranmaye Energy's ₹1,300 crore assets
🌟 Ratan Tata, the Chairman Emeritus of Tata Sons and one of India’s most revered industrialists, passed away in Mumbai.
————————x———————
Disclaimer: https://bit.ly/3usSGoH
Sources: Angel One Research | Mint | BS | FE| ET | BL |
Date: October 11, 2024