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NIFTY 50
As on 24 Dec, 2024 04:14pm.
23727.65
-25.80 ( -0.11 %)
*As mandated by Exchange & other statutory authorities, the data feeds are delayed by 15 mins.
Range
Daily
52 Weeks
Low
High
23685.15
23867.65
Open
23769.10
Prev.Close
23753.45
Volume
177664746
Gift Nifty is trading at 23756 , up by 17.00 points, indicating a flat topostive opening for Nifty.
Rupee Desk - USD/INR: Currently trading at 85.10
Short term - Technical Outlook
Nifty formed a symmetrical triangle on the 2-hour chart, and the last session ended with a 165-point gain at 23,753.45. On the daily frame, it formed a Doji pattern, indicating indecision in the market, which has appeared near the support line as shown in the chart. This could suggest potential positive momentum, though confirmation is still needed. Reduced selling by FIIs, increased buying by DIIs, and the upcoming US jobless claims data, set to be published on Thursday, are key factors to watch beyond technical analysis. FIIs sold shares worth 168 crore, while DIIs bought shares worth 2,227 crore.
Short term Research Report Call
Buy above 23,800 targets 23,870, 24,000, 24,152 with SL 23,700.
Sell below 23,650 targets 23,520, 23,430, 23,360 with SL 23,750.
Short term Chart
Long term - Technical Outlook
It looks like Nifty is taking support in the current range and has formed an indecision Doji candle on the daily frame, indicating a potential slight upward momentum, though this is yet to be confirmed. Technically, a strong close above 24,000 can be considered positive, while a move below 23,600 could lead to another fall in Nifty. The upcoming US jobless claims data, set to be published on Thursday, is the major economic event to watch this week.
Long term Research Report Call
Buy above 24,000 targets 24,500, 24,800, 25,200 with SL 23,800.
Sell below 23,500 targets 23,300, 23,000, 22,800 with SL 23,700.
Long term Chart
Market View
December 24th 2024
Market View
Resistance 23,900
Support 23,700
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
23 Dec 2024
-168.71
+2,227.68
MTD-May (Cr)
December
-4,289.93
+18,774.09
As of December 24, 2024, Indian equity markets opened on a flat note amid a holiday-shortened week. The NSE Nifty50 index was unchanged at 23,757.1 points, while the BSE Sensex remained steady at 78,554.59 points.Analysts anticipate limited market movement due to the absence of significant triggers. The upcoming Q3 earnings season in January is expected to provide the next major catalysts. Until then, market upside may remain capped unless foreign institutional investors (FIIs) resume buying activity.In sector-specific news, Vedanta's shares are trading ex-dividend today, with a dividend of ?8.5 per share.Additionally, stocks such as Bharat Forge, HG Infra, Adani Enterprises, Nava, and TVS Motor are in focus due to recent corporate developments.Given the current market conditions, investors are advised to exercise caution and closely monitor global cues and domestic developments.
Global Market
December 24th 2024
NASDAQ
USA
19,760.97
188.38 0.96
23rd December
Dow Jones
USA
42,898.61
-8.34 -0.02
23rd December
FTSE
UK
8,102.72
18.11 0.22
23rd December
DAX
GERMAN
19,848.77
-35.98 -0.18
23rd December
GIFT Nifty
Singapore
23,775.5
36.5 0.15
24th December
NIKKEI 225
Japan
39,055.35
-105.99 -0.27
24th December
Shanghai
China
3,377.05
25.79 0.77
24th December
S&P 500
USA
5,974.07
43.22 0.73
23rd December
Market at Closing
December 24th 2024
Top Gainers
| TATAMOTORS | 735.1 12.9 1.79 |
| ADANIENT | 2,372 33.05 1.41 |
| EICHERMOT | 4,800 49.45 1.04 |
| NESTLEIND | 2,170 18.4 0.86 |
Top Losers
| POWERGRID | 310 -5.3 -1.68 |
| JSWSTEEL | 923.8 -13.25 -1.41 |
| SBILIFE | 1,387.3 -18 -1.28 |
| TITAN | 3,359 -37.95 -1.12 |
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
23789.35
R1
23829.50
R2
23871.48
R3
23946.30
Stop Loss
23741.90
Pivot
23760.15
(All values are in INR)
Sell Below
23730.95
S1
23690.80
S2
23648.83
S3
23574.00
Stop Loss
23778.40
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 24092.65 | 24017.65 | 23942.65 | 23835.15 | 23760.15 | 23652.65 | 23577.65 | 23470.15 | 23362.65 |
| Woodie | 24299.53 | 24001.40 | 23934.53 | 23818.90 | 23752.03 | 23636.40 | 23569.53 | 23453.90 | 23204.53 |
| Camarilla | 23828.03 | 23777.84 | 23761.11 | 23744.38 | 23760.15 | 23710.92 | 23694.19 | 23677.46 | 23627.28 |
Moving Averages
Bullish
Bearish
EMA
SMA
5 Day
20395.88
10 Day
19649.39
20 Day
19050.35
50 Day
18483.06
100 Day
18164.39
200 Day
17860.96
Momentum Oscillators
Stoch RSI
71.12
ROC
-3.62
Ultimate
30.68
Williams
-84.84
CCI
-114.05
Stochastic
15.31
RSI
67.12
Bullish
2
Bearish
1
Neutral
4
Trend Oscillators & Volatility
ATR
129.49
Low Volatility
MACD
312.92
Bullish
Bullish
1
Bearish
0
Neutral
0
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
| RELIANCE | 1222.75 | 0.0368 | 1655685.78 | Oil & Gas | 7 / 9 |
| TCS | 4179.5 | 0.5098 | 1512595.73 | Software & IT Services | 7 / 9 |
| HDFCBANK | 604.5 | 1.0616 | 1374792.4 | Banks | 3 / 9 |
| HDFCBANK | 1798.1 | -0.161 | 1374792.4 | Banks | 3 / 9 |
| BHARTIARTL | 1583.9 | -0.189 | 964449.6 | Telecom | 8 / 9 |
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.
Frequenlty asked questions
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