The Nifty opened in the green but was unable to hold its gains at higher levels and finished the day in the red, down 50 points. The Nifty has encountered resistance near the important hourly moving averages and has come under selling pressure, as seen on the hourly charts. Onward, there will be a significant resistance between 18,300 and 18,350. The 20-day moving average serves as a critical support level for the Nifty, and it is close to this level as it declines, along with the psychological support level of 18,000.
| Biggest Gainer | Prices | Change | Change% |
|---|
| Bajaj Finance | 6,789.40 | 84.35 | +1.26% |
| Biggest Loser | Prices | Change | Change% |
|---|
| Divis Labs | 3,153.50 | -114.50 | -3.50% |
| Best Sector | Prices | Change | Change% |
|---|
| Nifty Bank | 43752.30 | 53.60 | +0.12% |
Therefore, on the negative side, there are a number of support factors designed to limit a deep correction and give cushion. Over the upcoming trading sessions, action pertaining to a particular stock may occur. A negative crossing is present in the daily momentum indicator.
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