Stock market today, June 25 -- The benchmark Nifty-50 index ended with 0.29% gains at the 25,044.35 level on Tuesday. The Bank Nifty at 56,461.90 gained 0.72%, while metals led gains for other indices. In the broader markets, the mid- and small-caps also ended with gains of close to 0.7%.
Nifty is in continuation of a short-term consolidation trend. The 20-day EMA has now moved up to 24618, which is expected to serve as immediate support, while the 24900-25000 band is likely to continue acting as a resistance zone for the Nifty, as per Devarsh Vakil, Head of Prime Research, HDFC Securities.
For the Bank Nifty, until a clean breakout occurs above 56,850, the trend may remain choppy and sideways, with support near 55,700, as per Om Mehra,...
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.