17 Aug , 2022 By : Monika Singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 were trading in green on Wednesday, a day before weekly F&O expiry. BSE Sensex jumped 80 points or 0.13 per cent to 59,922, while NSE Nifty 50 was up 22 points or 0.13 per cent to 17,847. Stocks of NTPC, IndusInd Bank, UltraTech Cements, Reliance Industries, Bajaj Finance, Asian Paints, Axis Bank were among top Sensex gainers. On the flip side, Tata Consultancy Services (TCS), Infosys, Tech Mahindra, HCL Tech, HDFC Bank, and Housing Development Finance Corporation (HDFC) were among to S&P BSE Sensex. Bank Nifty index was up 0.2 per cent to trade at 39,302, Nifty FMCG index fell 0.4 per cent. Investors await the release of the minutes of the U.S. Federal Reserve’s July 26-27 policy meeting later in the day that could offer clues on further interest rate hikes.
For the trend following traders now, 17750 and 59650 would be the trend decider levels for Nifty and Sensex respectively. Above which, they could hit the level of 17900-17925 and 60000-60200. On the flip side, quick intraday correction possible, if the indices succeed to trade below 17750 and 59650. Below which, they could retest 17700-17650 and 59500-59300.
Bank Nifty index was up 0.2 per cent to trade at 39,302, Nifty FMCG inhdex fell 0.4 per cent
On the flip side, Tata Consultancy Services (TCS), Infosys, Tech Mahindra, HCL Tech, HDFC Bank, and Housing Development Finance Corporation (HDFC) were among to S&P BSE Sensex.
BSE Sensex jumped 80 points or 0.13 per cent to 59,922, while NSE Nifty 50 was up 22 points or 0.13 per cent to 17,847.
Though Nifty paused yesterday at 17835, we are not convinced that Nifty has topped out. This encourages us to continue riding the 18200 view, but with VIX slipping, trading ranges are indeed shrinking. Downside markers may continue to remain near 17660/690, with 17900vicinity likely to pose an intraday challenge.
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