Vaishali Parekh believes On the upside, the 50-EMA near 23,900 remains a major resistance hurdle. A sustained move above this level would be required to revive bullish momentum and trigger a meaningful upward rally.
Gift Nifty Opening Today: Sharp Gap-Down Opening Likely As Iran-Israel Conflict Escalates. Gift Nifty is trading near 23,114, indicating a sharply negative opening for Indian markets today.
According to Sumeet Bagadia, immediate support for Nifty is placed in the 23,200–23,250 zone. A breakdown below this area could trigger further weakness.
Nifty closed at 23,366.70 and enters today’s session under pressure after Gift Nifty signalled a sharp gap-down opening amid escalating Middle East tensions
Bank Nifty closed at 54,496 and enters today’s session with weak global cues. Gift Nifty is indicating a gap-down opening after renewed Iran-Israel tensions
Despite escalating Middle East tensions, gold is failing to attract strong buying interest. This indicates that traders are more concerned about higher interest rates.
