Page 3 - Support Level News Today

Despite the slump, some crypto coins still record impressive gains today based on strong community support and developmental activities.

Nifty Bank has regrouped after a plunge and is poised for a potential upside of up to 49,000: Anand James, Chief Market Strategist, Geojit Financial Services. Nifty chart focuses on 21800 level to test buyer strength. Negative correlation between Nifty Bank and Nifty IT evident. Rail stocks like IRFC and RVNL in limelight. Top ideas for the week: SWANENERGY and IRCTC.

Aditya Agarwala believes that the markets are still making higher highs and higher lows, indicating that the trend has not reversed yet. However, the Nifty is facing resistance at the 21,800 level, and if the support levels of 21,600 and 21,500 are broken, there could be a longer correction. Aditya Agarwala suggests that if the Nifty slips below 21,500, it could potentially reach levels of 20,800 or even 20,500. In terms of trading ideas, Aditya recommends buying Infosys and MFSL.

"We would not sell into weakness with signs of intraday downside exhaustion supporting a rebound that could preserve support," Stockton said.

The leading crypto asset, Bitcoin (BTC), has dipped slightly by 0.01% in the last 24 hours, trading at $27,557.

A deep dive into momentum trading and when it is most effective.

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Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level. Ether also slid to lose control of US$1,600.

The US dollar has rallied slightly against the Japanese yen during the trading session on Monday, but keep in mind it was Labor Day and the US.

Bitcoin fell Wednesday morning in Asia to trade below US$26,000. Ether also dropped as all other top 10 non-stablecoin tokens traded flat to lower.