Anticipating Market Trends: Predicting Today’s Trade for Nifty 50 (NSEI) and Sensex (BSESN) in the Cryptocurrency World

• The Indian stock market benchmark equity indices, Sensex and Nifty 50, are projected to open higher on Monday, influenced by positive global market cues.
• Gift Nifty trends suggest a gap-up start for the Indian benchmark index, trading around 22,685 level, a premium of nearly 110 points from the Nifty futures’ previous close.
• On Friday, the benchmark equity indices closed around a percent lower due to profit booking across sectors.

This article provides an in-depth analysis of the current trends in the Indian stock market, including predictions for Sensex, Nifty 50, and Bank Nifty.

Friday’s Market Close

The Sensex dropped 732.96 points, or 0.98%, to close at 73,878.15, while the Nifty 50 settled 172.35 points, or 0.76%, lower at 22,475.85. Nifty 50 formed a long bear candle on the daily chart, which has engulfed the small range candle of the last few sessions. This pattern could be considered as a bearish engulfing pattern, suggesting potential weakness ahead.

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