Nifty slides under 25,000, Bank Nifty is confronted with important support at 55,000; Tata Motors, MCX in Focus

The Indian stock market saw a cautious session on Thursday when the Nifty slid under the critical 25,000 mark. Market participants are now closing the following support levels in the midst of continuous consolidation after a strong collection of more than 1,000 points in recent weeks.

Rahul Sharma, a market strategist, explained the current scenario for investors in an interview with ET Nu: “So Nifty went back to that Sideways consolidation zone after the large collection of thousands of points we have seen. Now would be a bounce of the Nady, as Nifty was the Nifty, the Nifty Kan, the Nifty Kan, the Nifty, the Nifty, the Nifty, the Nifty, the Nifty, the Nifty, the Nifty, the Nifty, the Nifty, the Nifty, the Nifty, the Nifty.800. Current levels.

Sharma emphasized that 25,000 so far as an important psychological level has followed: “Until now we have seen 25,000 as a psychological level in this series, writers have been present for this exercise price, they are challenged for the first time and today if we succeed under it, that would be a strong signal for the Nifty Defecting.” ”

In the meantime, Bank Nifty is floating around its support at 55,000, which coincides with the 20-day EMA. “Here were psu banks the ones who have provided a pillow. Private banks have been under sale pressure and Bank Nifty could also go to lower goals of 54,400, 54,200 on the downside. So it is a brand or break for Banknifty at 55,000, Shaara is being expected today,” Near the 25,000, “Near the 25,000 is expected, close to the 25,000. Shara, “Shara Shara,” Shara Shara, “Shara Shara Tody Let Today and closes under 25,000 Mark, it is more than the 25,000 signals in the coming days.

Sharma suggested a cautious approach about stock -specific opportunities. “We zien nieuwe storingen gebeuren in Tata Motors, dus deze voorraad staat sinds gisteren onder verkoopdruk. Sterk volume gezien in zowel de sessies als nu de volgende betekenisvolle ondersteuning voor de voorraad wordt geplaatst op 645, 640 640 op het nadeel. Dus het is nogal een uitverkoop om te verkopen met een stop met een stop om te verkopen met een stop om te verkopen met een stop om te verkopen met een stop om te verkopen met een stop om te verkopen met een stop om te verkopen. op 685 en A downward target of 645 in the short term ”

On the other hand, some shares offer purchasing options. “Something that also looks good on the long side is MCX. Now MCX has been consolidating around the 8,000 area for quite some time. The shares have not responded to the overall weakness in the market and as soon as it crosses 8135, we are the feeling that there is a good move that is a goodness to get a weakness,” she’s weakness, said weakness, Investors to closely follow Nifty’s 25,000 Mark and the 55,000 support from Bank Nifty, because a short -term infringement could be the stage for a further downward pressure.