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- Nifty Rallies 35 Points To 24,250; FMCG Shares In Demand | Sensex Up 150 Points
New Delhi6 minutes ago
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Today i.e. Thursday, April 16, the Sensex is trading at 78,100 with a rise of 150 points (0.21%). Nifty has also increased by 50 points (0.13%), it has reached the level of 24,250. In today’s trading, there is maximum buying in FMCG, while there is maximum selling in metal stocks.
Out of 30 Sensex stocks, 16 stocks are rising and 14 stocks are declining.
Asian market decline
| index | level | point change | percent change |
| Kospi (South Korea) | 6184 | -42 | 0.67% |
| Nikkei (Japan) | 58931 | -587 | 0.99% |
| Hang Seng (Hong Kong) | 26029 | -366 | 1.38% |
American market remained bullish on April 16
| index | level | point change | percent change |
| dow jones | 48579 | 115 | 0.24% |
| Nasdaq | 24103 | 87 | 0.36% |
| S&P 500 | 7041 | 18 | 0.26% |
Support and resistance
Support Zone: 23,940 | 23,850 | 23,462 | 23,330 | 22,857
Support means, the level where the stock or index gets support from falling down. The price does not go down easily due to increase in purchasing here. There may be a buying opportunity here.
Resistance Zone: 24,143 | 24,387 | 24,450 | 24,538 | 24,650 | 25,002
Resistance means the level where there is a hindrance in the stock or index going up. This happens due to increase in sales. There is hope for an uptrend after crossing the resistance zone.
Note: Support and resistance levels are as per the report of Wealth View Analytics.
Sensex closed 123 points higher on Thursday
There was a decline in the stock market on 15 April. Sensex fell 123 points (0.16%) to close at 77,989. Nifty also rose 35 points (0.14%) to 24,197. In the business, there was buying in metal and IT shares, while there was maximum selling in auto and private banks.
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