Nifty 50, Sensex today: What to expect from Indian stock market in trade on December 26
Catch Live Market Updates here On Friday, the domestic equity indices ended higher tracking positive cues from global peers. The Sensex surged 241.86 points to close at 71,106.96, while the Nifty 50 settled 94.35 points, or 0.44%, higher at 21,349.40. On a weekly basis, Nifty 50 closed 0.5% lower after making a large high-low candle.
Also Read: Indian stock market: 6 things that changed for market over weekend - Gift Nifty, dip in US dollar to RBI MPC minutes “Technically, the short-term texture of the market is volatile hence; level based trading would be the ideal strategy for day traders. We are of the view that, as long as the index is trading above 21,200/70,700 the pullback formation is likely to continue. Above the same, the market could move up till 21,500-21,550/71,500-71,650," said Amol Athawale, Vice President - Technical Research, Kotak 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 Nifty 50 and Bank Nifty today: The Nifty 50 index remained volatile but managed to close above the crucial level of 21,300 on December 22. “The lower-end support for the index is positioned at 21,200, presenting a buying opportunity on any dips toward this level. Sustaining above 21,300 could pave the way for further upside momentum, targeting the 21,500 level," said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
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