!Nifty

HCLTECH

The Nifty started today’s session on a steady note, trading in the green during early hours, supported by strength in heavyweight sectors like Banking and IT. Market sentiment remains cautiously optimistic as investors track global cues and ongoing earnings announcements. From a technical perspective, Nifty is comfortably holding above the immediate support zone of 22,300–22,350, indicating buying interest on dips. On the upside, 22,600–22,700 remains the key resistance band; a decisive move above this range could trigger further momentum in the near term. What’s driving the market today: Select buying in large-cap banking and IT stocks Stability in global markets overnight Ongoing Q4 earnings expectations supporting sentiment Market View: As long as Nifty sustains above the short-term support levels, the broader trend remains positive. However, traders should stay selective and keep an eye on volatility around resistance zones, especially ahead of major earnings releases. Levels to Watch: Support: 22,300 Resistance: 22,700 Trend: Positive with range-bound movement Stay disciplined, manage risk, and focus on quality setups rather than chasing momentum.