delightfinancialThe Indian stock market benchmark indices, Sensex and Nifty 50, are likely to see a cautious opening on Friday, tracking global market cues.
The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 26,058 level, a premium of nearly 26 points from the Nifty futures’ previous close.
On Thursday, the Indian stock market ended with steep losses, and the benchmark Nifty 50 closed below 25,900 level.
The Sensex dropped 592.67 points, or 0.70%, to close at 84,404.46, while the Nifty 50 settled 176.05 points, or 0.68%, lower at 25,877.85.
Here’s what to expect from Sensex, Nifty 50, and Bank Nifty today:
Sensex Prediction
Sensex formed a bearish candle on daily charts and a double top formation on intraday charts, indicating further weakness from the current levels.
Nifty 50 Prediction
Nifty 50 index formed a strong bearish-bodied candle with both upper and lower wicks on the daily chart, indicating selling pressure and intraday volatility after recent gains.
Bank Nifty Prediction
Bank Nifty index declined 354.15 points, or 0.61%, to close at 58,031.10, on Thursday, and formed a small red candle with a long upper shadow on the daily chart, reflecting selling pressure at higher levels.
Source : live mint
