The Nifty index started the trading session on a weak note on Friday and exhibited volatility throughout the day. However, a significant technical indicator, the Relative Strength Index (RSI), displayed a bullish crossover, suggesting the possibility of upward momentum in the market.
By closing above the key level of 18200, the Nifty maintained its position, which is viewed as a positive indication for the market. As long as the index remains above this level, the overall trend is expected to stay optimistic.
Moving forward, it is crucial to monitor the resistance level at 18400. If the Nifty successfully surpasses this level, it could further strengthen the positive trend. Conversely, if the index drops below the support at 18200, it might indicate a potential decline in sentiment and raise concerns about the prevailing bullish outlook
Top Losers of Today –
| Symbol | Open | High | Low | Prev. Close | LTP | %chng |
| HINDALCO | 419 | 419 | 403.8 | 420.85 | 405.8 | -3.58 |
| BPCL | 371.9 | 371.9 | 359 | 372.55 | 362.15 | -2.79 |
| POWERGRID | 248.85 | 249.6 | 241.15 | 248.55 | 242.1 | -2.6 |
| NTPC | 179.1 | 179.25 | 174.5 | 179.55 | 175.15 | -2.45 |
| TATASTEEL | 108.35 | 108.4 | 106.55 | 108.55 | 106.85 | -1.57 |
| ULTRACEMCO | 7839.95 | 7920 | 7691.8 | 7835.45 | 7721 | -1.46 |
| DRREDDY | 4544.95 | 4544.95 | 4445 | 4532 | 4467 | -1.43 |
| CIPLA | 948.85 | 953 | 913 | 943.6 | 931.5 | -1.28 |
| ADANIPORTS | 712 | 712 | 695.05 | 708.8 | 699.9 | -1.26 |
| NESTLEIND | 22019 | 22069.4 | 21740 | 22019.8 | 21780.05 | -1.09 |
| JSWSTEEL | 699.9 | 708.9 | 691.15 | 710.6 | 703.4 | -1.01 |
| ADANIENT | 2009 | 2010 | 1946.55 | 1984.65 | 1965 | -0.99 |
| HDFCLIFE | 567.4 | 569 | 558.65 | 567.4 | 561.85 | -0.98 |
| GRASIM | 1773 | 1773 | 1751.1 | 1774.15 | 1757.9 | -0.92 |
| ONGC | 168.15 | 169 | 165 | 167.05 | 165.65 | -0.84 |
| SUNPHARMA | 961 | 963.1 | 952 | 961.05 | 953.65 | -0.77 |
| INFY | 1253.35 | 1256 | 1239.05 | 1256.1 | 1247 | -0.72 |
| LT | 2222.65 | 2235 | 2197.35 | 2242.15 | 2226 | -0.72 |
| DIVISLAB | 3311 | 3354 | 3190 | 3329.2 | 3306.35 | -0.69 |
| UPL | 685.05 | 685.8 | 673 | 682.9 | 678.25 | -0.68 |
Data Source: NSE