Neutral impactStocks
Trading Plan: Can Nifty 50, Bank Nifty reclaim Thursday's highs amid range-bound trading?
Moneycontrol.com 1 hr ago·18 Sept 2026, 1:50 am
Nifty 50 and Bank Nifty are currently stuck in a tight trading range, unable to break past their recent highs from Thursday. This sideways movement suggests that while the market has enough strength to hold its ground, it lacks the momentum to push significantly higher without fresh triggers.
For investors, this phase of consolidation is a test of patience. It indicates that the bulls and bears are evenly matched, and a breakout on either side could dictate the next major move. Until a clear direction emerges, volatility is likely to remain elevated.
What to watch next: Investors should monitor global cues and domestic economic data for signs of a breakout. A decisive move above the immediate resistance levels could signal a fresh rally, while a fall below key support might trigger a broader correction.
Excerpt from Moneycontrol.com
Check eligibility in just 5 mins Up to ₹50 lakhs | Starts at 9.99% Nifty 50 may attempt a rebound as long as it holds the 23,100–23,000 support 23,300–23,400 zone expected to act as immediate resistance Convincing move above 23,600 could open possibility of a sharp rally in your portfolio by Vishal Malkan The broader…Read the original at Moneycontrol.com
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- Category: Stocks.
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