Stock market today: Trade setup for Nifty 50 to IPOs, five stocks to buy or sell on Tuesday — June 25
Stock market today: After a weak opening, the Indian stock market remained volatile but ended marginally higher on Monday. The Nifty 50 index added 36 points and closed at 23,537, whereas the BSE Sensex finished 131 points higher at 77,341. The Bank Nifty index went up 42 points and ended at 51,703.
Cash market volumes on the NSE fell sharply to ₹1.20 lakh crore. The broad market indices rose slightly more than the Nifty even as the advance-decline ratio fell to 0.99:1.On the outlook for Nifty today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The short-term trend of Nifty remains positive amidst range movement. Having bounced back from near the lower range of 23,300 levels, Nifty is possibly testing the upper range of 23,650 to 23,700 in the short term.
Immediate support for Nifty today is placed at 23,350."Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 25Speaking on the outlook for Bank Nifty today, Om Mehra, Technical Analyst at SAMCO Securities, said, "Bank Nifty closed marginally higher at 51,703.95, up 0.08%. After opening lower, Bank Nifty found support at its previous swing high from June 3rd. The daily MACD and RSI indicators remain positive, indicating ongoing bullish strength.
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