Nifty 50, Sensex today: what to expect from the Indian stock market in trade on January 28 in the midst of deep concerns

The Indian scholarship reference indices, Sensex and Nifty 50, will be likely to see a cautious opening on Tuesday, according to the low -world market indices in the middle of the sale in technological actions on the American and Asian markets.

The NIFTY gift trends indicate a positive start for the Indian reference index. The NIFTY gift was negotiated at around 22,915 at the level, a bonus of almost 68 points from the previous fence of the Nifty Futures.

On Monday, the indices of the interior equity market repressed more than one percent, the NIFTY 50 deriving below the level of 22,900.

THE Sensex crushed 824.29 points, or 1.08%, to end at 75,366.17, while the NIFTY 50 paid 263.05 points, or 1.14%, less than 22,829.15.

NIFTY 50 formed a lower candle on the daily framework and made lower stockings of the last two sessions.

Here is what to expect from Sensex, Nifty 50 and Bank Nifty today:

Sensex prediction

The Indian scholarship reference indices extended their losses, the Tanking Sensex of 824.29 points to close at 75,366.17 on Monday.

“Technically, after an opening of the gap, the market has constantly had to face the sales pressure at higher levels and formed a bearish candle on daily cards, closing below the 76,300 mark, which is largely negative. We believe that the current texture of the market is low and volatile; Therefore, level -based trading would be the ideal strategy for day merchants. The level of 76,300 for Sensex Will be the key to surveillance, as long as it is negotiated below this threshold, the weak feeling is likely to continue, “said Shrikant Chouhan, Research in chief actions, Kotak Securities.

According to him, when the market could increase to 75,200 to 74,800, however, if it exceeds 76,300, the feeling can change. Above this level, withdrawal formation is likely to continue until it reaches 76,700 to 76,900.

NIFTY OI data

The derivative data revealed the highest NIFTY call (open interest) at 23,000 and 23,300 levels, indicating strong resistance in this beach. Meanwhile, the highest OI was concentrated at 22,500, suggesting a closely disputed level of support. This highlights the prudent position of traders in the middle of current market volatility, said Mandar Bhojane, actions research analyst at Choice Brooking.

Nifty 50 prediction

The NIFTY 50 index fell by 263.05 points, or 1.14%, to end at 22,829.15 on January 27, forming a downstream candle on the daily time.

“The NIFTY 50 index fell from its recent consolidation on the daily graphic, increasing pessimism on the Indian equity market. The feeling is likely to promote short -term lowering exchanges, especially as long as NIFTY 50 The index remains less than 23,000. On the lower side, the dominant weakness could potentially lead to a decrease around 22,500, “said Rupak de, main technical analyst at LKP Securities.

Mandar Bhojane stressed that on the technical front, the NIFTY 50 broke down from a consolidation phase of 10 days, closing near the level of critical support of 22,800.

“This indicates a strong downward momentum on the market. If the index remains less than 22,800, other corrections could take it to 22,500 and 22,200 levels. Uplining, immediate resistance is observed at 23,100 and 23,300, where the highest call is concentrated. The fact of not crossing these resistance levels could maintain the downward trend, “said Bhojane.

He estimates that the market remains under pressure, with a lowering moment dominating the short -term feeling, and advises investors to closely monitor the levels of support and key resistance, because a violation of 22,800 on the drawbacks or a higher break At 23,100 could determine the following directional movement.

VLA AMBALA, Co-founder of the Market TODAY BOURSEE, expects the NIFTY 50 index to contain support levels between 22,550 and 22,350 and faces resistance between 22,800 and 22,930 during the D session ‘Today.

Banque Nifty Prediction

The NIFTY bank index plunged 303.15 points, or 0.63%, to end at 48,064.65 Monday, forming a candle on a daily scale with a long higher shade because a sales pressure has been observed in higher areas.

“”NIFTY Bank The index also opened with a gap down, but showed a purchase interest near its previous swing before closing negatively at 48,065. In the technical level, Bank Nifty found support near the recent low swing From 47,900. Supporting above this level could open the way to a withdrawal rally around 49,000, “said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath group company).

However, according to him, ventilation of less than 47,900 can lead to a new drop, with the potential to test 47,000 in the short term.

Warning: The views and recommendations made above are those of individual analysts or brokerage companies, not mint. We advise investors to check with certified experts before making investment decisions.