The Nifty 50 index is a crucial benchmark for Indian equity markets, representing the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange (NSE). As of 09:00 AM IST on October 8, 2024, the Nifty 50 is trading at 24,795.75, showing a decrease of 0.87%. Throughout the day, the index has fluctuated between a high of 25,143 and a low of 24,694.35. Nifty futures are currently standing at 24,985.55 with no change in percentage, alongside an open interest change of 0.28%, indicating a potential continuation of the bullish trend in the near future.
Note: This live blog is generated by AI and has not been reviewed by the LiveMint staff.
Current Nifty 50 Share Price Updates: Key Resistance & Support Levels
The latest updates on the Nifty 50 index indicate that it is currently facing critical resistance and support levels which are essential for traders and investors in making informed decisions:
| Resistance 1 (R1) | 25,206.95 | Resistance 2 (R2) | 25,399.30 | Resistance 3 (R3) | 25,655.60 |
|---|---|---|---|---|---|
| Support 1 (S1) | 24,758.30 | Support 2 (S2) | 24,502.00 | Support 3 (S3) | 24,309.65 |
Nifty 50 Previous Closing Price Insights
On the previous trading day, the Nifty 50 index closed at 25,014.60 points. This closing figure is a reflection of the market’s overall performance, showcasing sentiment shifts and investment trends that can influence trading strategies. Tracking this data helps investors gauge the market’s direction and aids in planning future investments effectively.
