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AKANSHA JAIN

9th May · SEBI-Registered Analyst

!nifty
SBIN

After a volatile session, Nifty closed near the 24,200 zone as global uncertainty and rising crude oil prices kept traders cautious. Banking stocks remained under pressure, while selective buying continued in IT and defensive sectors. Key levels to watch for the next session: Support: 24,000 – 24,100 Resistance: 24,400 – 24,500 Despite short-term weakness, broader market participation in midcaps and select sectors is still showing resilience. Traders should remain stock-specific and avoid aggressive positions until Nifty gives a clear directional breakout. Focus remains on: • Crude oil movement • Global geopolitical developments • FII activity • Banking sector recovery Volatility is high — risk management is more important than prediction right now.

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