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How to trade Bank Nifty, Nifty50 today? Check strategy, levels to watch out

Business Standard LogoBusiness Standard5h ago

How to trade Bank Nifty, Nifty50 today? Check strategy, levels to watch out - Business Standard

Quick Summary:

Nifty Today: The index is expected to consolidate in a range between 23,200 on the downside and 24,200 on the upside.

For risk-taker, buying near the support levels of 23,260, 23,200, or dips closer to these levels, with a strict stoploss on a closing basis below 23,200 is advisable.

In the event of a bounce, resistance levels on the charts are identified at 49,850 and 50,750, providing immediate targets for bullish traders.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 06:26:37 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25093728

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 184 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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