MARKETS Trade setup for today: Top 15 things to know before the opening bell

MARKETS Trade setup for today: Top 15 things to know before the opening bell The market extended gains for the third consecutive session on May 29, with the Nifty50 climbing to the highest level of the current calendar year. Banking and financial services, auto, FMCG and metal stocks supported benchmark indices. The BSE Sensex rallied 345 points to 62,846, while the Nifty50 jumped 99 points to 18,599 and formed a Doji kind of candlestick pattern on the daily charts, indicating indecisiveness among buyers and sellers about future trends, especially after a significant rally in the last few sessions. The Nifty experienced a relatively stable trading session, after opening with an upside gap. However, it managed to break out of its consolidation phase, indicating a potential shift in market direction," Rupak De, Senior Technical at LKP Securities said. He further said there was an increase in Call writing activity at the 18,800 level, suggesting a resistance zone, while Put writing was observed at the 18,600 level, indicating a potential support zone in the near term. Furthermore, the 18,500 level is expected to act as a significant support level for the index.