IGI Logo

Market Review:

Indian started on a strong note, but gave up all gains during the latter half of the day. PSU banks, metals and pharma stocks advanced while autos, financials and FMCG shares declined. The barometer index, the S&P BSE Sensex, rose 35.75 points or 0.07% to settle at 50,441.07. The Nifty 50 index added 18.10 points or 0.12% to end at 14,956.20.

Nifty Technical Outlook

Nifty is expected to open gap up likely to witness positive move during the day. On technical grounds, Nifty has an immediate resistance at 15000. If nifty closes above that, further upside can be expected towards 15070-15150 mark. On the flip side 14880-14800 will act as strong support levels. It’s a stock specific market trade calls with strict stoploss.

Action: Nifty has an immediate resistance placed at 15000 and on a decisive close above expect a rise to 15070-15150 levels.

Bank Nifty

Bank Nifty faces an immediate resistance around 35670 levels on the upside and on a decisive close above expect a rise to 36000-36340. There is an immediate support at 35000-34650 levels.

Technical Call Updates

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer