Stay updated with breaking news from Senior Technical Analyst. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Sensex, Nifty strategy for election day: On Sensex, an analyst with 5Paisa.com sees support at 75,850, followed by 75,230 while the resistance is seen at 76,900, following which the index can test 77,350 level.
Lok Sabha Election Results 2024: Experts anticipate high volatility on election result day. Nifty could see further gains if results match exit polls, but selling pressure if below expectations.
231 smallcaps suffer double-digit losses as investors 'sell in May'. Will they come back in June? The stock market cliche of 'sell in May and go away' proved true this year amid general election uncertainties. Concerns over BJP's election performance and significant volatility affected investor sentiments. Benchmark indices like Sensex and Nifty experienced slight declines.
The Sensex was down 667 points or 0.89 per cent at 74,502, while the Nifty closed at 22,704, down 183 points or 0.80 per cent.
On Wednesday, the Nifty Bank witnessed a sharp decline of over 600 points, breaching the 49,000 mark, attributed to subdued global signals. Presently, a significant support level is identified at 48,000.