New Delhi26 minutes ago
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Today i.e. Wednesday, April 22, the Sensex is trading at 78,500 with a decline of 700 points (0.95%). Nifty has also fallen by 200 points (0.79%), it has come below the level of 24,400. There is maximum selling in IT shares in today’s business.
Out of 30 Sensex stocks, 20 are declining and 10 are rising.
Asian market decline
| index | level | point change | percent change |
| Kospi (South Korea) | 6377 | -11 | -0.07% |
| Nikkei (Japan) | 59569 | 211 | 0.35% |
| Hang Seng (Hong Kong) | 26137 | -350 | -1.32% |
There was a decline in the American market on April 21
| index | level | point change | percent change |
| dow jones | 49149 | -293 | 0.59% |
| Nasdaq | 24260 | -144 | 0.59% |
| S&P 500 | 7064 | -45 | 0.63% |
Selling by foreign investors continues
Foreign investors (FIIs) withdrew money from the market for the second consecutive day on Tuesday and sold shares worth about ₹1,919 crore. Earlier on Monday also he had sold ₹1,060 crore. The recent selloff has erased the three-day gains of last week when they had net bought ₹1,731 crore in the market.
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.
On Tuesday, Sensex closed with a rise of 1264 points.
There was a rise in the stock market on 21 April. Sensex closed at 79,273, up 753 points (0.96%). Nifty also rose by 212 points (0.87%) to 24,577. In the business, there was buying in Nifty FMCG and realty stocks, while there was maximum selling in Pharma.
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