Gift Nifty 🔴 Down 0.87% at 23,791.50; support at 23,750–23,700 and resistance at 23,825–23,875
Nifty 🔴 Closed 0.50% lower at 23,779.15; bearish below 23,825, with support at 23,715–23,650
JK Paper offers one of the strongest technical combinations in the dataset. Accumulate on declines towards Rs. 407–Rs. 416 or buy after a sustained breakout above Rs. 426.
The Indian stock market is expected to trade cautiously today as elevated crude oil prices and escalating geopolitical tensions continue to influence investor sentiment.
The Nifty 50 closed at 23,779.15, down 118.55 points or 0.50%, extending its recent decline after failing to sustain the early-session high of 23,890.
Nifty is likely to open cautiously around 23,790, broadly near its previous close despite Gift Nifty falling 0.87%.
Reliance Industries closed at Rs. 1,309.50, down 0.95%, and marginally below the daily pivot of Rs. 1,311.87. The stock is positioned near its 20-day, 34-day and 50-day moving averages
Gold traded near $4,424 an ounce, rising 0.44%, as safe-haven and hedging demand offset pressure from expectations of interest-rate increases by major central banks.
