Stock Market Today, May 15 -- Amid positive global cues, the benchmark Nifty 50 ended 0.36% higher at 24,666.90. The Bank Nifty, however, ended 0.25% lower at 54,801.30. However, most other sectors led by Metals IT, Realty, Oil &Gas gained, as did broader indices. Mid and Small caps gained more than 1% each.
Bullish trend is well intact for Nifty as it has been holding its level above all key moving averages. On the downside, strong supports for Nifty are placed at 24500 and 24378, while on the upsides 24850 and 24975 could offer resistance . as per Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities.
For Bank Nifty Key support for the short-term point of view is placed at 54,500- 54,000.
Investor focus now sh...
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