The benchmark indices, Nifty 50 and BSE Sensex have exhibited resilience over the key levels of 19,000 and 64,000. This persistence has triggered fresh upside when both recently platting a fresh historic peak.“Technically, the overall trend is headed towards 25,000 for the Nifty 50 and 80,000 for BSE Sensex which are expected to meet in 2024. For Nifty, the immediate support falls in the range of 19,200 to 19,000, followed by 18,450, its 200-simple moving average (SMA).Similarly, the BSE Sensex has a support range between 65,000 to 64,500 levels, followed by 62,280 – 200-SMA,” said Avdhut Bagkar Derivatives & Technical Research (Institutional) StoxBox. The Stoxbox analyst has listed three stocks to bet that can rally up to 35% along with their technical analysis. Take a look:
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low
September 19, 2024