Stock market today: Trade set up for Nifty 50 to Sensex, seven stocks to buy or sell on Friday — 19th April
Stock market today: As the Iran-Israel war continued to drag global markets, the Indian stock market finished lower for the fourth straight session on Thursday. The Nifty 50 index lost 152 points and finished at the 21,995 level. The BSE Sensex ended 454 points lower at the 72,489 level whereas the Bank Nifty index finished 415 points down at the 47,069 level.
Except for IT, Metals & PSU Banks, all sectors ended in the red territory including the mid-cap and the small-cap indices. On the outlook for the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities said, "The positive chart pattern like higher tops and bottoms is intact. As long as Nifty sustains above 21700 levels, the chances of an upside bounce from the lows as per this pattern are likely.
The short-term trend of the Nifty remains weak. There is a possibility of some more weakness down to 21800-21700 levels in the coming sessions. Immediate resistance is at 22125 levels." Also Read: Day trading stocks to buy: Anand Rathi expert recommends three shares to buy On the outlook for the Bank Nifty today, Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities said, "The Bank Nifty Index remains under bearish control, with any upward movements facing aggressive selling, highlighting a prevailing "sell on rise" sentiment among traders.
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