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Latest News

Google Play Store to Allow Payments Through UPI

The Google play store has introduced a new payment mode through Unified Payment Interface (UPI). The users can directly use bank accounts to pay for games, app and in-app content on Android smartphones, which includes payment made for movies, books and other content that user can buy from Play Store. UPI platforms such as BHIM, Google Pay and Phone Pe will all be applicable for these payments.
In August 2017, the government’s UPI payments mode has grown by over 50 times, according to Goggle. In August 2019, there were over 918 million UPI transactions. Data from the National Payments Corporation of India (NPCI) shows that UPI-based digital payments clocked 754.54 million transactions in June 2019, with a total worth of Rs 1.46 trillion and a rise of 2.8%.
However, Google is allowed to the user that to pay through debit/credit card, along with net banking, carrier payment or more. Moreover, UPI makes it simpler for the user to make payment directly from their bank accounts. Users will have to add their UPI ID to the Play Store to use this service.
Additionally, the platform could also incentivise users to make payments for apps and games. Indian users have been known to show reluctance towards paying for apps on their smartphones, and experts have often credited the same to a lack of convenient means of payments.
Read EquityPandit’s Nifty Outlook for the Week 

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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 5.69%.

Technically, NIFTY IT share price will see immediate support at 31,702.25 and immediate resistance would be seen at 33,648.50.

If NIFTY IT share price closes below immediate support of 31,702.25, then sharp breakdown can be seen. NIFTY IT share price will see major support at 31,018.40 for the week.

34500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.0032000.0032000.00Apr 19Apr 19Apr 24Apr 24Apr 29Apr 29May 3May 3May 8May 8May 13May 13May 16May 16May 21May 21May 24May 24May 29May 29Reversal Level 33002.63BuySell

On the positive side, immediate resistance will be seen at 33,648.50. Closing above 33,648.50, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,910.90 for the week.

Trading range for NIFTY IT share price for this week should be between 29,756.00 on down side and 35,594.75 on up side.

NIFTY IT Previous Week High: 34227.05

NIFTY IT Previous Week Low: 32280.8

NIFTY IT Previous Week Range: 1946.25 Points

NIFTY IT share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type Value
Resistance 3 35,594.75
Resistance 2 34,910.90
Resistance 1 33,648.50
Support 1 31,702.25
Support 2 31,018.40
Support 3 29,756.00
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 2.66%.

Technically, NIFTY IT share price will see immediate support at 33,311.35 and immediate resistance would be seen at 34,217.65.

If NIFTY IT share price closes below immediate support of 33,311.35, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,798.40 for the week.

35500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30May 6May 6May 9May 9May 14May 14May 17May 17May 22May 22Reversal Level 33530.36Buy

On the positive side, immediate resistance will be seen at 34,217.65. Closing above 34,217.65, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,611.00 for the week.

Trading range for NIFTY IT share price for this week should be between 32,405.05 on down side and 35,123.95 on up side.

NIFTY IT Previous Week High: 34098.05

NIFTY IT Previous Week Low: 33191.75

NIFTY IT Previous Week Range: 906.3 Points

NIFTY IT share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type Value
Resistance 3 35,123.95
Resistance 2 34,611.00
Resistance 1 34,217.65
Support 1 33,311.35
Support 2 32,798.40
Support 3 32,405.05
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 3.25%.

Technically, NIFTY IT share price will see immediate support at 32,778.50 and immediate resistance would be seen at 33,875.95.

If NIFTY IT share price closes below immediate support of 32,778.50, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,175.15 for the week.

36000.0036000.0035500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Apr 3Apr 3Apr 8Apr 8Apr 12Apr 12Apr 18Apr 18Apr 23Apr 23Apr 26Apr 26May 2May 2May 7May 7May 10May 10May 15May 15Reversal Level 33112.37Buy

On the positive side, immediate resistance will be seen at 33,875.95. Closing above 33,875.95, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,370.05 for the week.

Trading range for NIFTY IT share price for this week should be between 31,681.05 on down side and 34,973.40 on up side.

NIFTY IT Previous Week High: 33766.7

NIFTY IT Previous Week Low: 32669.25

NIFTY IT Previous Week Range: 1097.45 Points

NIFTY IT share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 34,973.40
Resistance 2 34,370.05
Resistance 1 33,875.95
Support 1 32,778.50
Support 2 32,175.15
Support 3 31,681.05
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 2.20%.

Technically, NIFTY IT share price will see immediate support at 32,639.30 and immediate resistance would be seen at 33,378.25.

If NIFTY IT share price closes below immediate support of 32,639.30, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,343.45 for the week.

36000.0036000.0035500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Mar 26Mar 26Apr 1Apr 1Apr 4Apr 4Apr 9Apr 9Apr 15Apr 15Apr 19Apr 19Apr 24Apr 24Apr 29Apr 29May 3May 3May 8May 8Reversal Level 33450.22

On the positive side, immediate resistance will be seen at 33,378.25. Closing above 33,378.25, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 33,821.35 for the week.

Trading range for NIFTY IT share price for this week should be between 31,900.35 on down side and 34,117.20 on up side.

NIFTY IT Previous Week High: 33525.5

NIFTY IT Previous Week Low: 32786.55

NIFTY IT Previous Week Range: 738.95 Points

NIFTY IT share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 34,117.20
Resistance 2 33,821.35
Resistance 1 33,378.25
Support 1 32,639.30
Support 2 32,343.45
Support 3 31,900.35
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 3.26%.

Technically, NIFTY IT share price will see immediate support at 32,468.32 and immediate resistance would be seen at 33,570.67.

If NIFTY IT share price closes below immediate support of 32,468.32, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,028.23 for the week.

38000.0038000.0037500.0037500.0037000.0037000.0036500.0036500.0036000.0036000.0035500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Mar 18Mar 18Mar 21Mar 21Mar 27Mar 27Apr 2Apr 2Apr 5Apr 5Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30Reversal Level 33497.02Sell

On the positive side, immediate resistance will be seen at 33,570.67. Closing above 33,570.67, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,232.93 for the week.

Trading range for NIFTY IT share price for this week should be between 31,365.97 on down side and 34,673.02 on up side.

NIFTY IT Previous Week High: 33792.85

NIFTY IT Previous Week Low: 32690.5

NIFTY IT Previous Week Range: 1102.35 Points

NIFTY IT share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type Value
Resistance 3 34,673.02
Resistance 2 34,232.93
Resistance 1 33,570.67
Support 1 32,468.32
Support 2 32,028.23
Support 3 31,365.97
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