03 July 2024 / 09:06 AM IST

Sensex, Nifty expected to open positive: Deon Mehta, Research Analyst, Choice Broking

Benchmark Sensex and Nifty Index are expected to open positively on July 03 following GIFT Nifty trends indicating a gain of 135 points for the broader index.

After the opening break Nifty may find support at 24,100 and then 24,000 and 23,950. On the upside, 24,250 could be an immediate resistance, followed by 24,300 and 24,400.

Bank Nifty charts suggest that it may find support at 52,100, followed by 52,000 and 51,800. If the index moves further, 52,500 will be the initial key resistance, followed by 52,700 and 52,800.

HDFC Bank shares will be in the spotlight today, as the company’s weightage in the MSCI index is expected to increase as FIIs have more scope to buy the stock. This will help the index rise. Traders holding long positions in the index can maintain a trailing stop loss of 23950 on a closing basis.

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