- Nifty 50 began today’s session with a gap-up at 24,361 versus yesterday’s close of 24,317.
- The advance/decline ratio stands at 31/19, showing a positive bias.
- Bajaj Finance, up 5.6 per cent, is the top gainer followed by Bajaj Finserv, up 2.9 per cent and Shriram Finance, up 2.5 per cent.
- Leading the decline is Infosys and TCS by losing about 3.4 per cent each in the early trade.
- Nifty IT, down 2.7 per cent, is the weakest sector followed by Nifty FMCG, down 0.9 per cent.
- The August expiry Nifty futures began today’s session higher at 24,408 versus yesterday’s close of 24,358.
- It is now hovering around 24,370, up 0.1 per cent.
- In case Nifty futures rebounds on the back of 24,350, it can surpass 24,450 and touch 24,500.
- However, if it falls below 24,350, it can extend the decline to 24,250.
- Buy Nifty futures (Aug) now at 24,370. Intraday target and stop-loss can be 24,500 and 24,300 respectively.
The Nifty 50 opened today at 24,361, marking a gap-up from yesterday's close of 24,317. The advance/decline ratio is a positive 31/19, indicating a favorable market sentiment.12
Leading the gains is Bajaj Finance, which surged 5.6%, followed by Bajaj Finserv at 2.9% and Shriram Finance at 2.5%.3
Conversely, the Nifty IT sector is struggling, down 2.7%, with Infosys and TCS each declining by approximately 3.4% in early trading. The Nifty FMCG sector also dipped 0.9%.45
The August expiry Nifty futures started higher at 24,408 compared to yesterday's 24,358, currently hovering around 24,370, up 0.1%. Analysts suggest that if Nifty futures rebound from 24,350, they could surpass 24,450 and reach 24,500. However, a drop below 24,350 could extend declines to 24,250.678910
Traders are advised to buy Nifty futures (Aug) at 24,370, with an intraday target of 24,500 and a stop-loss at 24,300.
“Nifty futures began higher at 24,408, currently hovering around 24,370, up 0.1%. If it rebounds from 24,350, it could surpass 24,450; however, a fall below 24,350 may extend the decline to 24,250.”
