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Stock market today: Trade setup for Nifty 50 to global markets
By : Vidya
Stock Market Today: The bench mark Nifty-50 ended the Tuesday's volatile trading session almost flat at 22,547.55. The Bank Nifty also ended marginal 0.09% lower at 48,608.35, though auto and FMCG sectors index led these sectors that ended with gains while metals and realty were among the top laggards. The broader indices however ended 0.6-0.8% lower.
Trade Setup for Thursday
On the higher side, 22600 for Nifty-50 index would be the immediate breakout level for the bulls. Above this level, the market could move up to 22700-22800.
Conversely, below 22500, selling pressure is likely to accelerate, said Shrikant Chouhan, Head-Equity Research, Kotak Securities
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