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Gift Nifty 🟢 Positive Opening Likely
Nifty 🟢 Bullish Above 24,380
Bank Nifty 🟡 Neutral to Mildly Bullish Above 57,350
Gift Nifty trades at 24,436.50 (+0.62%), indicating a positive opening for Nifty.
US markets staged a strong rebound led by Microsoft, semiconductor stocks and renewed buying in technology shares.
Nifty continues to trade in a technically fragile zone despite remaining above all major short and medium-term moving averages.
Bank Nifty enters the new trading session with a cautious undertone. Although the index has managed to hold above its 50-day and 89-day moving averages, it continues to trade below its 20-day, 34-day and 200-day averages, indicating that the broader trend remains under pressure.
Crude Oil continues to benefit from a favourable combination of strong technical momentum and persistent geopolitical uncertainty.
Gold Target & Stoploss -MCX Gold enters the next session with conflicting domestic and global signals. International gold is holding near $4,100 per ounce after rising for two consecutive sessions,
