banknifty

banknifty

Support Zone 49316_49057
Resistance Zone 50252_50667



The Nifty Put-Call Ratio (PCR), indicating market sentiment, has improved moderately to 1.02.

Indian benchmark indices traded positively in Wednesday’s session, with Nifty registering a new record high of 23,441. However, it gave up most of the intraday gains towards the end and closed around 23,300 with marginal gains over the previous session’s close. Nifty continued its positive momentum, marking a new high over the 23,400 mark, while broader markets also kept the upward move intact as buying interest was seen in stocks. According to experts, the immediate supports for Nifty are placed around 23,150 and 22,950, with positional support around the 40 DEMA at 22,800. The stock-specific action remains robust, so traders are advised to focus on stock-specific moves with a buy-on-dip approach for the index