Stock Market Live Update: Which level is important for Nifty
NIFTY is now looking towards the lower levels for support after a decline of six days. Closed at 24,650 on Friday, which is the first defense line. On going below, the lows of 24,621 (5 September), 24,533 (September) and 24,404 (29 August) will be seen respectively. At the top, crossing 24,800 will be the first important level, then the Nifty can go close to 25,000.
Nifty Bank contributed significantly to the recent 1,000-point rally. He is also in a recent decline. The Nifty Bank went up to 55,700 in the recent rally, but could not stand. It is now below 55,000 and is near the psychological support level of 54,500. If there is a bounce from the oversold level, then you have to keep an eye on the top of 54,500.