Nifty 50, Sensex Poised for Gains After US Fed Rate Cut”

Indian stock indices Nifty 50 and Sensex are gearing up for a strong opening today following the US Federal Reserve’s significant interest rate cut, which has improved global investor sentiment. The Gift Nifty shows promising signs with a positive start, trading around 25,400—a 30-point premium over previous Nifty futures.

Key Points to Watch:

• Support Levels: Nifty 50 has support around 25,200. Any dips to this level might be a buying opportunity.
• Resistance Levels: Watch for resistance at 25,500. A breakout above this could signal further gains.
• Bank Nifty: Outperformed other indices, closing strong at 52,750. It might test its all-time high of 53,350 soon.

With the US Fed’s move boosting liquidity, Indian markets could see increased buying interest, especially in banks and IT sectors. Keep an eye on these levels to gauge market movements today!

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