Stock Market today, July 8 -- The benchmark Nifty-50 index started a new week on a cautious note, ending flat at 25,461.30. The Bank Nifty at 56,949.20 also shed 0.15% points, while IT and Metals were among the main losers. The FMCG and Oil & Gas indexes, though, happened to remain as key gainers. In the broader markets, mid-and small-caps also lost 0.27% - 0.44%.
For Nifty, support is placed at 25,400. A fall below this level might trigger short-term selling pressure. Below 25,400, additional support is seen at 25,250 and 25,100. While on the higher end, resistance is placed at 25,500. A decisive move above this level could push the Nifty towards 25,800," said Rupak De, Senior Technical Analyst at LKP Securities.
Key support is placed ...
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