Key Nifty50, Bank Nifty Levels: Indian markets are witnessing volatility as global cues, especially US-China developments, impact sentiment. Zee Business Managing Editor Anil Singhvi has shared key levels for Nifty and Bank Nifty for traders to watch.
Trump targets China again
Once again, Trump has targeted China. Yesterday, it seemed he was softening his stance, but today he issued fresh threats over soybeans. Overall, Trump is causing significant market swings. Yesterday, intraday ranges were 1,000 points in Dow, 500 points in Nasdaq, and 125 points in S&P 500. Volatility is expected to continue until a trade deal is reached. The concern is that after a long period of silence, Trump has started issuing threats again.
Nifty50: Key levels to watch
For Nifty, the intraday entry level is 25,000-25,100, while profit booking is expected in the 25,225-25,325 range. A breakout above 25,325 could signal fresh momentum.
Add Zee Business as a Preferred Source
Bank Nifty: Key levels to watch
Bank Nifty has strong support in the 56,000-56,300 range, with selling pressure around 56,700. A breakout above 56,850 may lead to a new rally.
11 AM update: Sensex zooms 495 points, Nifty near 25,300
At 11 AM, Sensex was trading at 82,524.62, up 494.64 points or 0.60 per cent. Nifty50 was trading at 25,299, up 153.50 points or 0.61 per cent. Bajaj Finserv, Bajaj Finance, NTPC, L&T, Power Grid, BEL, Bharti Airtel, Trent, and Asian Paints were the top gainers on the Sensex, rising up to 1.2 per cent. On the downside, Tech Mahindra, Axis Bank, Infosys, and Titan Company were the only losers, down up to 1.2 per cent.
Broader markets and volatility
In the broader markets, the Nifty MidCap index added Rs 169.44Â or 0.48 per cent, while the Nifty SmallCap index advanced Rs 45.47Â or 0.93 per cent. The volatility gauge, India VIX, cooled off around 10.60, down 0.55 points or 4.93 per cent.
