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Technical Outlook:

Nifty (Spot):

Nifty is continuing its upward journey where 15800 is a minor hurdle; above this, it is likely to head towards the 15950-16000 zone. On the downside, 15700 will act as an immediate and strong support level while 15600 will be the next support level. Traders are advised to stay with the trend until the market witnesses any signs of reversal.

Banknifty (Spot):

Banknifty is consolidating with positive bias where it is facing resistance in the 35500-36000 zone; above this, 36500 will be the critical hurdle. On the downside, 35200 is immediate support while 34900 is the next important support level.

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