Indian shares closed a bit lower on Wednesday as investors stayed cautious amid ongoing US‑Iran tensions and trade uncertainty.
Market sentiment driven by global news
Global factors such as possible US tariffs and rising unrest in Iran kept risk appetite low, limiting fresh buying in the market.
Nifty technical picture
Technical analyst Vaishali Parekh says the Nifty 50 is holding just above the 100‑day exponential moving average at about 25,650. To turn more bullish, the index needs to finish the day above the 25,900 level.
- Immediate support: 25,500
- Resistance: 25,900
Bank Nifty outlook
The Bank Nifty stayed flat, trading near its short‑term support around 58,900. A clear close above 60,000 could spark a new up‑move.
- Support zone: 58,900
- Potential range: 59,200 – 60,200
Intraday stock recommendations
For today’s trade, Parekh suggested three stocks to consider buying:
- Bank of Baroda – entry ₹307.70, target ₹322, stop loss ₹300
- NMDC – entry ₹83.85, target ₹88, stop loss ₹82
- AB Capital – entry ₹358.60, target ₹375, stop loss ₹350
What you should keep in mind
These views are for educational purposes only. Always do your own research or consult a qualified advisor before making any investment decisions.