IT & Metals index looking strong by Mr. Rahul Sharma, Equity99
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Below is quote On Today’s Market report by Mr. Rahul Sharma, Co- Founder, Equity99.
Markets were flattish today with Nifty50 up 0.07% or 11 points. Nifty IT was the top-performing sector followed by metals & power. Midcap's rise for 2nd straight day with Nifty Midcap 100 Index up 100 points. The banking index was down 144 points after showing some recovery yesterday. Among the Nifty50 pack, Adani Ports was the top gainer up 3.58%, While Bajaj Finserv & Titan Company were top losers down 2.96% & 2.23% respectively.
The market looks strong ahead with Midcaps & Small-caps recovering post-sell-off and also IT & Metals index looking strong
Sector to focus for tomorrow – IT, Banks, Infrastructure, Automobiles & Logistics.
Nifty has strong & immediate support at 16600 followed by 16550& 16475.
Resistance for Nifty will be 16700 followed by 16740-16800
Similarly for Bank Nifty which outshined in today's session has strong & immediate support at 35500 -35380-35200 & resistance at 35900-36200 levels.
Above views are of the author and not of the website kindly read disclaimer
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