Netweb Launches Made-in-India AI Supercomputer - GEPL Capital Ltd
Market News:
* RVNL has secured a Rs.1,201 crore contract from Northern Railway for the execution of a railway infrastructure project in Uttar Pradesh.
* Adani Ports has signed an MoU with France’s Marseille Fos Port to strengthen strategic cooperation under the India–Middle East–Europe Economic Corridor (IMEC) initiative.
* Netweb Technologies India Ltd. has launched a Made-in-India AI supercomputing system built on Nvidia’s advanced hardware and software stack.
Technical Summary:
The index opened on a weak note and initially slipped to an intraday low of 25,645, finding support near the 26- DEMA. It subsequently witnessed strong buying interest, moved above the previous day’s high, and continued to form a sequence of higher highs and higher lows, indicating improving sentiment and strengthening intraday structure. On the sectoral front, Metal and PSU Bank stocks emerged as the top gainers, while IT and CPSE indices ended the session as the top laggards
Levels to watch:
The Nifty has its crucial resistance 25850 (Pivot Level) and 26000 (Key Resistance). While support on the downside is placed at 25645 (Day Low) and 25500 (Key Support).
What should short term traders expect?
The Index can LONG above 25800 for the potential target of 25900 the stop loss of 25730 level.
Technical Data Points
NIFTY SPOT: 25819 (+0.37%)
TRADING ZONE:
Resistance: 25850 (Pivot Level) and 26000 (Key Resistance).
Support: 25645 (Day Low) and 25500 (Key Support).
STRATEGY: Bullish till Above 25500 (Key Support)
BANK NIFTY SPOT: 61550 (+0.62%)
TRADING ZONE:
Resistance: 61765 (Pivot Level) / 62500 (Key Resistance)
Support: 61000 (Pivot Level) / 59500 (Key Support)
STRATEGY: Bullish till above 59500 (Key Support)
SEBI Registration number is INH000000081.
Please refer disclaimer at https://geplcapital.com/term-disclaimer
