IGI Logo

Market Review:

Indian markets ended near day's high with strong gains on Friday. Value buying emerged after the Sensex and the Nifty corrected a little over 4% each in the past five sessions. The barometer index, the S&P BSE Sensex, gained 641.72 points or 1.30% to 49,858.97. The Nifty 50 index gained 186.15 points or 1.28% at 14,744.

Nifty Technical Outlook

Nifty is expected to open on a flattish note and likely to witness sideways move during the day. On technical grounds, Nifty has an immediate resistance at 14900. If nifty closes above that, further upside can be expected towards 15000-15140 mark. On the flip side 14650-14500 will act as strong support levels. It’s a stock specific market trade calls with strict stoploss.

Action: Nifty has an immediate resistance placed at 14900 and on a decisive close above expect a rise to 15000-15140 levels.

Bank Nifty

Bank Nifty faces an immediate resistance around 34650 levels on the upside and on a decisive close above expect a rise to 35000-35400. There is an immediate support at 33800-33350 levels.

Technical Call Updates

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://investmentguruindia.com/Disclaimer/nirmal.html

SEBI Registration number is INH000001766

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer