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Nifty 50 Market Analysis for Sep 25, 2023

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  Nifty 50 Market Analysis for September 25, 2023 The Nifty 50 index, a benchmark for the Indian stock market, is one of the most actively traded indices in the world. Here’s an analysis of the Nifty 50 for the week of September 25, 2023. Overview The Nifty 50 closed the previous week on a negative note, losing 2.66%. The immediate support for the Nifty 50 share price was seen at 19,489.38. If the Nifty 50 share price were to close below this immediate support, a sharp breakdown could be expected. Resistance and Support Levels On the positive side, the immediate resistance was seen at 20,027.23. If the Nifty 50 share price were to close above this level, a sharp breakout could be expected. The major resistance for the Nifty 50 share price for the week was seen at 20,380.22. The trading range for the Nifty 50 share price for the week was expected to be between 18,951.53 on the downside and 20,565.08 on the upside. Previous Week’s Performance The Nifty 50’s previous week high was 20,195.

NIFTY 50 on 22nd September 2023

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Nifty Index Market Condition on 22nd September 2023 The Indian stock market on 22nd September 2023 witnessed a tumultuous day with the Nifty index experiencing a significant downturn. The market opened with a gap down for the second consecutive day and traded with a negative bias throughout. Market Performance The Nifty index ended the day below 19750, with a loss of over 150 points. The S&P BSE Sensex, another major market index, also fell by 0.24% to 66,071.94 by 10 am, while the NSE Nifty 50 fell by 0.33% to 19,677.10. By the end of the trading session, the Nifty had fallen further to 19,674.25. Factors Influencing the Market Several factors contributed to this bearish market scenario. Investors offloaded healthcare, consumer durable, and commodity stocks amid a weak trend in global markets. Foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments. In terms of institutional activity, Foreign Institutional Investors (FIIs) were net sellers in the capita