Stock Market Today: Gift Nifty Down 280 Pts; Key Levels For Nifty, Sensex & Nifty Bank

Indian benchmark indices are starting astatine a gap-down commencement connected Friday amid nan rising conflict pinch Pakistan successful nan bordering states. Later Thursday, Indian aerial defence successfully stroked-down rocket and drone attacks by Pakistan. On nan different hand, cues from nan world stocks stay supportive connected nan Trump tariff front.

Nifty futures connected nan NSE International Exchange traded 276.90 points, aliases 1.14 per cent, little astatine 23,995, hinting astatine a antagonistic commencement for nan home marketplace connected Friday. On nan contrary, Asian-Pacific stocks roseate connected Friday amid world optimism connected tariff deals. Nikkei and DJ surged much than a per cent each, while AXS 200 and Hang Seng besides inched up. KOSPI was seen successful red.

Volatility spiked, pinch India VIX rising to precocious of 21.01, reflecting investor nervousness amid ongoing geopolitical developments, said Siddhartha Khemka, Head - Research astatine Motilal Oswal Financial Services. "Looking ahead, marketplace volatility is expected to persist arsenic investors way further developments connected nan India-Pakistan beforehand and US waste and acquisition announcements," he said.

The dollar headed for a play summation connected astir awesome peers connected Friday arsenic a US-UK waste and acquisition woody raised hopes of advancement successful looming US-China talks, while bets of imminent U.S. complaint cuts receded aft nan Federal Reserve indicated it was successful nary hurry. Bitcoin has surged backmost supra $1,00,000, reflecting a refreshed appetite for risk-taking successful markets' much speculative corners.

Wall Street stocks settled higher connected Thursday amid affirmative news travel connected Trump tariffs. The Dow Jones Industrial Average roseate 254.48 points, aliases 0.62 per cent, to 41,368.45; nan S&P 500 gained 32.66 points, aliases 0.58 per cent, to 5,663.94; and nan Nasdaq Composite surged 189.98 points, aliases 1.07 per cent, to 17,928.14.

Provisional information disposable pinch NSE propose that FPIs turned nett buyers of home stocks to nan tune of Rs 2,007.96 crore connected Thursday. On nan different hand, home organization investors (DIIs) turned nett sellers  of Indian equities to nan tune of Rs 596.25 crore.

"The Indian equity marketplace knowledgeable profit booking owed to escalating tensions betwixt India and Pakistan, marked by accrued cross-border exchanges. The FOMC argumentation gathering provided small reassurance, arsenic nan FED expressed concerns that fierce U.S. tariffs could substance ostentation and raise unemployment, said Vinod Nair, Head of Research astatine Geojit Investments.

"However, nan world marketplace remains unchangeable and positive, buoyed by expectations of an imminent US waste and acquisition woody pinch nan UK and preliminary indications of waste and acquisition talks pinch China. Historically, nan home volatility is expected to neutralize arsenic transverse separator issues de-escalates," he said.

Nifty outlook
Nifty50 closed pinch a Dark Cloud Cover candlestick pattern, indicating heightened fearfulness among traders. Prior to this, nan scale faced guidance astir 24,550, said Rupak De, Senior Technical Analyst astatine LKP Securities. "The near-term sentiment appears weak, pinch nan imaginable for further correction successful nan short term," he added.

As agelong arsenic nan marketplace is trading beneath 24,450/80,900, nan anemic sentiment is apt to continue. On nan downside, it could retest nan levels of 24,150-24,100/80,000-79,700, said Shrikant Chouhan, Head-Equity Research astatine Kotak Securities. "Above 24,450/80,900, nan sentiment could change. The existent marketplace texture is non-directional; hence, level-based trading would beryllium nan perfect strategy for short word traders," he said.

Nifty Bank outlook
Om Mehra, Technical Research Analyst, SAMCO Securities said that Nifty Bank formed a bearish candle connected nan regular chart, while nan hourly floor plan indicates a little debased and little precocious formation. The crisp diminution successful nan dying hours has weakened nan short-term trend. "Nifty Bank appears poised for a patient consolidation, which could thief found a coagulated support guidelines earlier its adjacent limb connected nan higher side," he said.

Key study is that nan past 10 sessions consolidation is wrong a channel, said Bajaj Broking. "We expect it to widen nan consolidation successful nan scope of 53,000-56,000, moving disconnected nan overbought conditions created by nan caller crisp rally. On nan downside, cardinal support is seen betwixt 53,000-53,500 levels being nan erstwhile awesome breakout area and erstwhile spread up area."