On August 13, the Nifty 50 index continued its upward momentum, closing 0.54% higher and marking its third consecutive session of higher lows. The index successfully reclaimed the 100-day EMA at 24,589, a positive indicator that now serves as immediate support, along with Tuesday’s low of 24,465. Analysts believe that if these support levels hold, Nifty could advance toward the immediate hurdle of 24,700 and the significant resistance range of 24,800–24,850 in the coming sessions. However, global cues remain mixed, with GIFT Nifty suggesting a muted start. Notable stocks in focus include Infosys and Jubilant Foodworks, while JSW Cement is set to debut in the market today. For insights, tune in to Nandita Khemka’s discussion with Vipul Bhowar and Chandan Taparia, highlighting strategies and technical research on market trends. Stay updated on Nifty’s performance and investment opportunities as the market unfolds.
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