Nifty ended Tuesday’s session 218 points higher, forming a Piercing Line candle. The underlying short-term trend is on the verge of reversal. A move above 24500 could trigger a fresh upmove. However, a decline below 23900-2400 could indicate further weakness. Analysts suggest a buy-on-dips strategy above 24000, with resistance at 24,500-24,800.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian stock market closed lower due to geopolitical concerns, with mid- and small-cap stocks hit hardest. Analysts suggest a cautious approach, citing risk-off sentiment amid
April 27, 2025