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Market Review:

Indian markets ended near the day's high on Thursday. FMCG and metal shares advanced while banks and financial shares corrected. The barometer index, the S&P BSE Sensex, rose 222.13 points or 0.43% to 51,531.52. The Nifty 50 index gained 66.80 points or 0.44% to 15,173.30.

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 support at 15100. Any move below the same may extend the fall towards 15000-14930 mark. On the flip side 15250-15350 will act as strong resistance zones. It’s a stock specific market and trade calls with strict stop loss.

Action: Nifty has an immediate support placed at 15100 and on a decisive close below expect a fall to 15000-14930 levels.

Bank Nifty

Bank Nifty faces an immediate support around 35400 level on the downside and on a decisive close below expect a fall to 35000-34650. There is an Immediate resistance at 36000-36370 levels.

Technical Call Updates

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