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Market Review:

Indian markets ended with modest gains on Friday, snapping a threeday losing streak. The Nifty settled above the 17,950 level after hitting the day's low of 17,774.25 in morning trade. The market breadth was positive.The BSE Sensex was up 303.15 points or 0.51% to 60,261.18. The Nifty 50 index added 98.40points or 0.55% to 17,956.60.

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 resistance at 18050. If nifty closes above that, further upside can be expected towards 18140-18220 mark. On the flip side 17880-17800 will act as strong support levels. It’s a stock specific market trade calls with strict stop loss.

Action: Nifty has an immediate resistance placed at 18050 and on a decisive close above expect a rise to 18140-18220 levels.

Bank Nifty

Bank Nifty faces an immediate resistance around 42720 levels on the upside and on a decisive close above expect a rise to 43000-43270 There is an immediate support at 42150-41800 levels.

Technical Call Updates

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