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Market Review:

Indian markets ended with strong gains on Thursday, rising for the third consecutive session. The Nifty closed near 15,100 mark. Positive global cues boosted investors' sentiment. The barometer index, the S&P BSE Sensex, rallied 257.62 points or 0.51% at 51,039.31. The Nifty 50 index added 115.35 points or 0.77% at 15,097.35.

Nifty Technical Outlook

Nifty is expected to open gap down likely to witness profit booking during the day. On technical grounds, Nifty has an immediate support at 15000. Any move below the same may extend the fall towards 14870-14750 mark. On the flip side 15160-15240 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 15000 and on a decisive close below expect a fall to 14870-14750 levels.

Bank Nifty

Bank Nifty faces an immediate support around 36100 level on the downside and on a decisive close below expect a fall to 35650-35240. There is an Immediate resistance at 37000-37370 levels.

Technical Call Updates

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