Classical theorist can claim that there has been a falling channel breakout and is likely to head higher towards the 17,900 levels as it is 80% retracement of entire decline off October 2021 to June low (18,600-15,200). Market breadth has seen remarkable improvement, indicating broader market participation across sectors. Momentum oscillator though are trading in overbought price conditions, but no signs of exhaustion can be seen yet rather had been supportive with weekly RSI breached past the 6-months falling trend line. Likewise support base has now shifted higher to 17,350 to 17,300 range. NIFTY 50 Share Price Live - Get detailed information about NIFTY 50 indices companies, Live Stock Price of NIFTY 50 Index, including past performance. A fresh breakout above the said range can extend the present rally towards 18100-18150 levels. Singapore Exchange (SGX) Nifty futures and early indicator of the Nifty index fell as much as 86.5 points or half a percent to 17,403. According to analysts, dollar index surge and hawkish US Fed commentary might be behind today’s profit booking. Stock Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to start Tuesday's session in the red tracking weakness across global peers as the prospect of aggressive hikes in COVID-era interest rates made investors nervous. Barring ITC and Nestle India, all Sensex components posted losses.Sensex sinks 872 pts, Nifty slips below 17,500 FMCG stocks. Similarly, the broader NSE Nifty declined 267.75 points or 1.51 per cent to 17,490.70. The trendline resistance adjoining the highs of Oct’21, Jan’22 and Apr’22 will be the immediate resistance zone on the higher side which is around 17,750 to 17,800. Bank Nifty was down more than 1.5 while India VIX gained 4 and breached 19 levels. Declining for the second consecutive session, the 30-share BSE Sensex tumbled 872.28 points or 1.46 per cent to close at 58,773.87.

12:45 PM On the technical front, Nifty formed a small bodied bullish candle on the daily charts with minor upper and lower shadows. Apollo Hospital closes below 150-Day Moving Average of 4277.09 today.

Nifty today