Equity benchmarks ended with robust gains yesterday, snapping a three-day losing streak - Nirmal Bang Ltd
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MARKET REVIEW
* Equity benchmarks ended with robust gains yesterday, snapping a three-day losing streak.
* The Nifty closed above the 26,200 mark, supported by strong buying in metals, consumer durables and energy stocks.
* The S&P BSE Sensex surged 1,022.50 points or 1.21% to 85,609.51. The Nifty 50 index jumped 320.50 points or 1.24% to 26,205.30.
NIFTY CHART
NIFTY TECHNICAL OUTLOOK
* Nifty is expected to open on a positive note and likely to witness positive move during the day.
* On technical grounds, Nifty has an immediate Resistance at 26300. If Nifty closes above that, further upside can be expected towards 26450-26700 mark.
* On the flip side 26000-25900 will act as strong support levels.
BANK NIFTY CHART
BANK NIFTY TECHNICAL OUTLOOK
* Bank Nifty is expected to open on a positive note and likely to witness positive move during the day.
* Bank Nifty’s next immediate resistance is around 60000 levels on the upside and on a decisive close above expect a rise to 60280-60500.
* There is an immediate support at 59430-59000 levels.
TECHNICAL CALL UPDATES
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