StockEdge
StockEdge
January 31, 2025 at 10:53 AM
#dailymarketinsights Ahead of the 2025 Union Budget, Indian markets showed optimism, remaining bullish. Nifty 50 finally moved above 23500 after 15 sessions. Today’s close is optimistic, but tomorrow’s Budget announcements will further influence market direction. Technically, the 200DEMA at 23622 is crucial; a move above it will provide necessary strength index. Nifty Bank too was seen gaining positive momentum and the index has been able to move above its 21DEMA level. All eyes are now on the key level of 50000 and it will be interesting to see if the Government’s policy announcement tomorrow can take the index to that level. Sector-wise, the top gainer is Nifty India Defence that gained 🔼 (4.1%) in today’s trading session. Top gainer from Nifty 50 was Tata Consumer Products Ltd. 🔼 (6.0%) and the top loser was Bharti Airtel Ltd. 🔻 (-0.9%) in today’s trading session. Now get flat 40% off on Stockedge Club annual plan with code TIRANGA 👉 https://sedg.in/54xuqji9
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