 
                  
Stock Market Today: Nifty likely to be rangebound, crucial support at 22,000
Markets might take a pause this week, believes Siddhartha Khemka of Motilal Oswal Financial Services.
Stay updated with the latest news and articles about stock market today.
 
                  
 
                  
Markets might take a pause this week, believes Siddhartha Khemka of Motilal Oswal Financial Services.
 
                  
The overall outlook suggests short-term weakness or possible consolidation in the upcoming trading sessions, said analysts.
 
                  
For day traders now, 22150/73000 would act as a crucial resistance zone, said analysts.
 
                  
Markets are at new highs but the major contributor, banking, remains a laggard. Unless we see a decisive breakthrough from this space in the next couple of sessions, we may not see enough strength in Nifty to continue its trajectory in the upward direction, analysts said.
 
                  
The Fibonacci retracement indicates solid support around the 21,500 followed by 21,630 levels.
 
                  
Foreign Institutional Investors on Thursday sold shares worth Rs 4,933 crore in the cash markets. On the other hand, flows from DIIs remained positive as they added shares worth Rs 5,522 crore.
 
                  
Indian benchmark indices Sensex and Nifty today are expected to start flat with positive bias amid positive handover from US markets ahead of the Fed meet
 
                  
Foreign Portfolio Investors (FPIs) who have pulled out a net Rs 4,615 crore from Indian markets in April so far.
 
                  
Sensex soars 890.59 points, currently at 49,990.58. Nifty at 14,784.50, up by 255.35 points.
 
                  
 
                  
 
                  
 
                  
 
                  
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