🌅 Morning Preview
Live Data • BazaarAI
Nifty 50
23853.90
▲ 0.98%
BSE Sensex
76264.33
▲ 0.97%
Bank Nifty
57198.80
▲ 0.68%
Nifty IT
28067.85
▲ 0.98%
Nifty Pharma
24220.10
▼ 0.66%
USD/INR
94.70
▼ 0.43%
Quick Take
Here's what's moving the markets today.
The Big Picture
The setup today is highly unusual — GIFT Nifty is pointing one way, but flows say another. The Nifty 50, Sensex, and Bank Nifty have all opened with gains, but the reason behind this upmove is not entirely clear. However, our analysis suggests that the Sector Heatmap is pointing to IT and Banking as key drivers today. The IT sector has been gaining strength, driven by the likes of Reliance and TCS, which have both seen significant gains in the past few days. Meanwhile, the Banking sector, led by HDFC Bank and ICICI Bank, is also showing signs of recovery. The USD/INR has fallen to 94.70, which is a positive for Indian equities. However, the Crypto Fear & Greed Index is at 23/100, indicating extreme fear, which might not be a good omen for markets today.Key Levels to Watch
| Level | Asset | Description |
|---|---|---|
| 23,500 | Nifty 50 | Strong support level, bulls need to hold above this |
| 57,200 | Bank Nifty | Key resistance level, bears need to break below this |
| 28,000 | Nifty IT | Strong support level, bulls need to hold above this |
| 24,200 | Nifty Pharma | Key resistance level, bears need to break below this |
| 77,000 | BSE Sensex | Strong support level, bulls need to hold above this |