Pre-Market Report for Nifty 50 - 13th September 2024

The Nifty 50 Index is showing positive momentum yesterday. Here are the key observations:

1. Current Price and Performance: The Nifty is trading at 25,388.90, up by 73.95 points (+0.29%) from the previous close. The chart indicates a bullish move in early morning trading.

2. Moving Averages:

3. Support and Resistance Levels:

4. Volume Analysis: Volume stands at 2.734K, which shows moderate activity. However, there was a notable volume spike during the recent upward rally, indicating buying interest.

5. Market Sentiment: The chart shows a sharp recovery after a period of consolidation, suggesting renewed buying momentum. Traders should watch for sustained movement above the resistance level of 25,433.35 to confirm further bullish sentiment.

Outlook: The market appears to be in a recovery mode with bullish undertones. However, monitoring the key resistance levels and maintaining a cautious approach is advised as volatility could remain high.

Top Gainers in Nifty 50:

- Bajaj Auto Ltd. is leading with a 3.9% increase, trading at 11,420.75.

- Asian Paints Ltd. follows with a 2.2% rise, trading at 3,367.45.

- Bajaj Finance Ltd. shows a 1.4% gain, with a current price of 7,345.55.

Trending Stocks:

- Prism Johnson Ltd. saw a significant price move with an 11.8% increase, last traded at 232.61.

- Shoppers Stop Ltd. increased by 9.0%, with a last traded price of 890.60.

- RR Kabel Ltd. gained 8.7%, trading at 1,711.75.

- Apar Industries Ltd. rose by 7.2%, with its last traded price at 9,956.40.

Notable Highs:

- Page Industries Ltd. made a new 52-week high at 43,260.70.

- Indian Energy Exchange Ltd. also reached a new 52-week high at 216.52.

- Gujarat Fluorochemicals Ltd. set a new all-time high at 4,296.45.

- Century Textiles & Industries Ltd. achieved a new all-time high at 2,783.10.

These highlights further reinforce the current positive sentiment in the market, with several stocks hitting new highs and notable gainers driving upward momentum.