2023-05-05 05:21:19
PRE-OPENING BELL The market is likely to open marginally lower on Friday as the SGX Nifty indicates a negative start for the broader index with a loss of 71 points after opening the session at 18,231. SGX futures touched a high of 18,314 in early trade today.
The BSE Sensex gained 555 points to close at 61,749 in the previous session, while the Nifty 50 closed 165 points higher at 18,255. The Nifty 50 traded comfortably higher than its 200-day moving average of 17,611 and is expected to build on the recent momentum.
The pivot charts indicate that the Nifty may get support at 18,120, followed by 18,073 and 17,996. If the index advances, 18,273 is the initial key resistance level to watch out for followed by 18,321 and 18,397.
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