As a new week begins, let’s talk about the Indian stock market – the Sensex and Nifty 50. They might start a bit slow on Monday due to some mixed global signals. Our analysis suggests a careful start, with the Gift Nifty (strange name, right?) around 21,765, not far from the Nifty futures’ last close at 21,785.
Friday’s Story
On Friday, our stock market had a good day. The Sensex went up by 178.58 points and closed at 72,026.15. The Nifty 50 also did well, settling at 21,710.80, up by 52.20 points or 0.24%.
Interesting fact: On Friday, the Nifty formed a pattern that looks like a doji. It’s a sign that we need to be a bit cautious, but don’t worry too much. Our short-term uptrend is still okay, but the market might face some resistance around 21,800-21,850 soon.
Experts’ Thoughts and Predictions
Nifty 50 Predictions
An expert named Kunal Shah says Nifty 50 might be a bit shaky but is expected to get better. After bouncing back from 21,500, things look positive. However, there’s a hurdle at 21,750, where the market might face some selling. If we cross that, we could see Nifty 50 reaching 22,000 – a good sign for going up.
Bank Nifty Preview
The Bank Nifty had a bumpy ride recently, closing 37 points lower at 48,159 on January 5. Shah thinks if we close above 48,200, the Bank Nifty could go up to 48,500 and 48,800.
What to Remember
Remember, these are just predictions from experts, not definite facts. Always check with someone who knows a lot about these things before making decisions about money and investments.
Conclusion
So, this week might be interesting for the stock market. Stay updated with our real-time stock tracking and news. Your investments’ future is just a click away!
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