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Technical Outlook:

Nifty (Spot):

Nifty is in consolidation mode where 15770-15930 is a well-defined trading band for time being and any decisive move from this band may dictate further direction where 16000 will be the next psychological hurdle while 15650 will be the next support level. Traders are advised to play the above-mentioned range while stock and sector-specific opportunities will be there.

Banknifty (Spot):

Banknifty is also consolidating near the 35000 mark where 35300-35500 is an immediate resistance zone and 34800 is immediate support while 34500-34350 is a key demand zone.

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