Market News
2 min read | Updated on April 01, 2024, 19:14 IST
SUMMARY
The NIFTY50 faces resistance at the 22,500 level, where call options expiring this week have the highest open interest. Experts believe that the 22,500-22,550 zone will act as immediate resistance, while support remains at 22,200.
Stock list
NIFTY50 surges to new all-time high, metals and banks shine
Markets extended the winning momentum for the third day in a row and hit a fresh all-time high, led by metals and banking stocks. The NIFTY50 rose 0.6% and closed Monday's session at 22,462, while the SENSEX advanced 0.4% and closed the day at 74,014.
Except for Auto (-0.1%) and FMCG (-0.1%), all the major sectoral indices ended in the green. Media (+4.6%) and Realty (+4.3%) advanced the most.
The NIFTY50 remains buoyant on the daily chart, holding above its key daily moving averages (20 and 50). However, the index still faces resistance at the 22,500 level, where the call options for this week's expiry have the highest open interest. Experts believe that the 22,500-22,550 area will act as immediate resistance, while support remains at 22,200.
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