Budget 2024 day market outlook: Nifty may open tad higher; key levels here

Quick Summary:

Thus, Bank Nifty will find strong support near 51,800-52,000 levels.

The Bank Nifty has formed a bullish candle near short-term swing support and managed to close above the 21-DEMA support of 52,064.

The Index Put-Call Ratio (PCR) has decreased to 0.58 from 0.62 on Friday, indicating a rising preference for calls and reflecting a sentiment favouring further sideways to downside movement.

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Category: BusinessFinance

Markets: IndiaJapanMalaysiaSingaporeTaiwan

Topics: Dii buying Pre-market update Nifty support resistance levels Daily market outlook Budget 2024 Gift Nifty futures Equity benchmark indices Bank nifty Indian stock markets Pre-market analysis Market technical levels Trading strategies Budget day outlook FII flows

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Article Type: News Report

Published On: 2024-07-23 @ 07:30:52 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1290 words

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Copyright Owner: © Business Standard

News ID: 21742751

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