Nifty 50, Sensex today: What to expect from stock market indices in trade on September 26
equity indices ended flat amid volatility with the Sensex closing above 66,000 level and the Nifty 50 settling at 19,674.55. Nifty formed a small body candle on the daily chart with upper and lower shadow. The opening and close were almost identical for the day.
Also Read: 6 things that changed for the stock market overnight - Gift Nifty to looming US govt shutdown “The present chart pattern indicates a formation of doji type candle patterns at the swing lows. Normally, such doji formations after a reasonable decline alerts for a bounce back from the lows. A sustainable positive close in the subsequent session is likely to confirm an upside bounce for the market," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Here’s what to expect from stock market indices Nifty 50 and Sensex today: Nifty 50 is currently placed near the support of 20 week EMA (exponential moving average) around 19,580 levels. “The index remained volatile before closing with a doji pattern on the daily timeframe. This suggests a possible pause in the prevailing bearish trend.
From here, the market might consolidate a bit before starting a new trend," said Rupak De, Senior Technical analyst at LKP Securities. Support on the lower end is pegged at 19,600; a fall below 19,600 might initiate fresh shorts, he said, adding that on the higher end, resistance is placed at 19,755. Also Read: Day trading guide for today: Six stocks to buy or sell on Tuesday — September 26 The Bank Nifty index snapped four-day weakness and ended 154 points higher at 44,766.
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