Stock market today: Trade setup for Nifty 50, US Fed meeting to global markets; eight stocks to buy or sell on Thursday In the short term, the trend for Nifty-50 index may remain positive, with a possible consolidation over next two three days. Support is placed at 22,600. On the higher end, resistance is placed at.
Stock Market Today: Trade Setup for Nifty 50
The Nifty 50 index is poised for a positive trend in the short term, with expectations of consolidation over the next two to three days. Market analysts suggest keeping an eye on significant support and resistance levels to navigate this volatile environment.
Support and Resistance Levels
Currently, the support for the Nifty 50 is positioned at 22,600. This level is crucial for traders as a breach could indicate further downside risk. On the upside, resistance is anticipated at 22,950, which traders should monitor closely for potential selling pressure.
US Fed Meeting and Its Impact
The upcoming US Federal Reserve meeting is creating ripples in global markets. Investors are keenly awaiting insights that could influence interest rates and economic outlook. The Fed’s decisions might have repercussions not just on Wall Street, but also on the Nifty 50, making it essential for traders to stay updated.
Stocks to Buy or Sell on Thursday
Based on current market conditions, here are eight stocks to consider:
- Buy: HDFC Bank, Reliance Industries
- Sell: Tata Motors, Infosys
- Buy: Bajaj Finance, Tata Steel
- Sell: Wipro, Hindustan Unilever
Stay Ahead with Looffers.com
For the latest updates and stock market insights, visit Looffers.com. Our platform provides valuable resources to help you make informed decisions in the stock market.
Keep your trading strategy sharp and stay informed about market trends to maximize your investment potential!
