Market Outlook for Nifty and Sensex: Tariffs Impact on ATC Energies and Shri Ahimsa IPO
Market experts at Kotak Securities are closely monitoring the levels of the Nifty and Sensex today to provide insights into the stock market outlook. Shrikant Chouhan, Head of Equity Research, shares his perspective on the current situation and key levels to watch.
Chouhan emphasizes the importance of evaluating short-term trends in the market to make informed decisions. He highlights that the Nifty is currently trading in a range-bound pattern, indicating a consolidation phase. This suggests that investors should be cautious and closely monitor key levels to anticipate potential market movements.
According to Chouhan, the Nifty has immediate support at the 14,100 level, and if it breaks below this level, the index could potentially test the 13,950 level. On the other hand, the Nifty faces resistance at the 14,300 level, and a breakthrough above this level could lead to further upside movement.
In terms of the Sensex, Chouhan notes that the index is also in a consolidation phase, with immediate support at 48,000. If the Sensex breaks below this level, it could target the 47,200 level. On the upside, resistance for the Sensex is seen at 48,700, and a breach above this level could indicate bullish momentum.
Chouhan advises investors to keep a close watch on these key levels and market developments to navigate the current market environment effectively. By staying informed and responsive to changing trends, investors can make informed decisions about their investment strategies.
Overall, market experts are closely monitoring the Nifty and Sensex levels today to provide valuable insights into the stock market outlook. Chouhan’s analysis underscores the importance of monitoring key levels and staying informed to make well-informed investment decisions in the current market conditions.
