Nifty 50, Sensex today: What to expect from Indian stock market in trade on June 5 after Lok Sabha election results 2024
Live MintThe Indian stock market benchmark indices, Sensex and Nifty 50 are expected to open higher on Wednesday amid short-covering after a sharp fall in the previous session. Here’s what to expect from Nifty 50 and Bank Nifty today: Nifty 50 Prediction The Nifty 50 index witnessed heavy bloodbath on June 4 on the back of counting of votes of general election 2024 and closed the day sharply lower by 1,379 points. Considering these aspects, we could see the Nifty gaining support between 20,800 and 20,500 and facing resistance between 22,500 and 22,800 in the next trading session,” Ambala said. Due to uncertainty surrounding the election results, we may observe additional selling pressure if Bank Nifty falls below its 200-day EMA,” said Rupak De, Senior Technical Analyst, LKP Securities.