January 11, 2024 / 10:22 AM IST
Sensex Today | Shrey Jain, Founder and CEO SAS Online:
The Nifty is hovering around the 21,700 mark, with the Sensex gaining 150 points today, indicating a market stuck within a range. The inconsistent behavior of Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) is evident this month, as they engage in alternating bouts of buying and selling, keeping the market confined. To break out or break down from this range, the market requires significant triggers.
For today’s expiry, it is anticipated that the Nifty will trade within the range of 21,600 to 21,700 levels. The benchmark index is expected to find support in the range of 21,550-21,600 levels, with a robust buy zone identified at 21,450-21,500 levels.
For the Nifty Bank, support is expected at 47,200-47,300 levels, and a strong buy zone is anticipated at 46,925-47,025 levels.
