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Technical Outlook:

Nifty (Spot):

Nifty is trading volatile in the range of 14900-15100 where any decisive move from this band will dictate the further direction of the market. If Nifty manages to trade above the 15100 level then we can see further strength towards the 14200-14250 zone while a move below 14900 can lead to selling pressure towards the 14800-14750 zone.

Banknifty (Spot):

Banknifty is respecting 35000 support level but not gaining strength where it has to cross 20-DMA of 36000 to witness a short-covering rally while below 35000, we can expect weakness towards 34000 level.

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