Nifty 50, Sensex today: What to expect from Indian stock market in trade on January 15
Live MintThe Indian stock market indices, Sensex and Nifty 50, are likely to open higher on Wednesday, tracking gains in global peers. On further upside, Nifty could encounter strong hurdles at the recent down gap of 13th January around 23,350 levels,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. Here’s what to expect from Nifty 50 and Bank Nifty today: Nifty OI Data Nifty Open Interest data indicates strong resistance at the 23,400 and 23,500 strike prices on the call side, while the put side saw significant positions at the 23,000 and 22,900 levels, marking these as key support zones, said Mandar Bhojane, Research Analyst, Choice Broking “The market’s near-term direction will depend on whether the index decisively breaches the identified resistance or support levels, with traders closely monitoring the price movement around these critical zones,” Bhojane said. VLA Ambala, Co-Founder of Stock Market Today, highlighted that Nifty 50 formed a bullish hammer candlestick pattern on the daily chart while gravestone doji candlestick pattern in intraday trading during the last session. Bank Nifty Prediction Bank Nifty index rallied 687.90 points, or 1.43%, to close at 48,729.15 on Tuesday, forming a bullish candlestick pattern on the daily charts.