Trendxinc

Nifty to stay in Red

Short
NSE:NIFTY   Nifty 50 Index
1. πŸ“ˆ Market Update (Jan 29):

- Sensex & Nifty set for positive open.
- GIFT Nifty signals a gain of 79.50 points.

2. πŸ“‰ Market Sentiments:

- Bearish trend with lower highs, lower lows.
- Weekly charts show a long bearish candlestick.

3. πŸ’Ή Nifty 50 Levels:

- Support at 21,100 & 21,000.
- Resistance at 21,400 & 21,500.

4. πŸ“‰ Recent Performance (Jan 25):

- Sensex down 360 points.
- Nifty at 21,353, weekly decline of 1%.

5. πŸ’Ό Earnings Focus (Jan 29):

- ITC, Bajaj Finance, NTPC, GAIL, etc.

6. πŸ“Š Stocks in Focus:

- Adani Power: 300-fold jump in profit.
- SBI Cards: 7.8% YoY profit growth.
- Tata Technologies: 14.7% YoY profit growth.
- Vedanta: 18.3% YoY profit decline.
- SJVN: Secures 100 MW solar project.


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