Stock Market Today, May 2 -- The benchmark Nifty -50 index ended Wednesdays trading session flat at 24,334.20, reflecting caution among investors. The Bank Nifty at 55,087.15 however ended 0.55% lower as did many other sectors led by Consumer durable and Energy, though support was provided by Realty and Pharma among few others. The broader indices also saw pressure ending almost 1-2% lower on Wednesday with Thursday being a trading holiday.
Immediate intraday support for the Nifty 50 index lies at 24,200, followed by a strong support zone between 24000 and 23800. On the upside, 24550, acts as a key resistance, as per Rajesh Bhosale, Equity Technical Analyst, Angel One.
On the upside, for Bank Nifty 56,000 will act as stiff hurdle for th...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.