2 weeks ago

Nifty Faces Hurdle At 24,600, Sensex Eyes 78,800 Resistance

Nifty Faces Hurdle At 24,600, Sensex Eyes 78,800 Resistance
Nifty Faces Hurdle At 24,600, Sensex Eyes Resistance Near 78,800 · freepressjournal.in

Imagine a big scoreboard that shows the health of many companies in India all at once.

That scoreboard is called the stock market.

Two very famous parts of it are called Nifty and Sensex.

Last week, both went down a little bit, like a slide in a playground.

Why?

Because there is some worry happening between the US and Iran, and oil has become more expensive.

When oil costs more, companies have to spend more money, so investors feel less happy.

Experts think Nifty might have a hard time going above 24,600 points.

If it manages to get past that, it could climb even higher.

Sensex might struggle around 78,500 to 78,800 points.

Right now, everyone is watching carefully to see what happens next.

Key facts

Nifty Weekly Close
24,366
Nifty Weekly Change
-0.83%
Sensex Weekly Close
78,009.25
Sensex Weekly Change
-0.62%
Nifty Resistance Zone
24,600-24,650
Sensex Resistance Zone
78,500-78,800
Sensex Support Zone
77,700-77,500
Broader Markets
MidCap +0.50%, SmallCap -0.66%

Sources

Related news