Today i.e. Thursday, April 16, the Sensex is trading at 78,600 with a rise of 550 points (1.64%). Nifty has also increased by 150 points (1.63%), it has reached the level of 24,400. In today’s business, there is buying in shares of IT, realty and pharma sectors. There was a rise in the Asian market. There was mixed trading in the American market on April 15. Support and resistance support zone: 23,940. 23,850 | 23,462 | 23,330 | 22,857 Support i.e., 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 i.e., 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 Wednesday, Sensex had closed with a gain of 1264 points. The stock market remained bullish on April 15. Sensex closed at 78,111, up 1264 points (1.64%). Nifty also rose by 388 points (1.63%) to 24,231. There was heavy buying in auto, IT, metal and realty shares in the business.
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Sensex rose 550 points to trade at 78,600: Nifty also rose 150 points to 24,400; Buying in IT, Realty and Pharma stocks
