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Market Review:

Indian markets continued to rise for the third consecutive session. Realty, and energy stocks were in demand. The S&P BSE Sensex advanced 152.12 points or 0.23% to 65,780.26. The Nifty 50 index added 46.10 points or 0.24% to 19,574.90.

Nifty Technical Outlook

Nifty is expected to open positive note and likely to witness positive move during the day. On technical grounds, Nifty has an immediate resistance at 19640. If nifty closes above that, further upside can be expected towards 19700-19780 mark. On the flip side 19500-19420 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 19640 and on a decisive close above expect a rise to 19700-19780 levels

Bank Nifty

Bank Nifty faces an immediate resistance around 44890 level (i.e 200 DMA) on the upside and on a decisive close above expect a rise to 45010-45200. There is an immediate support at 44630-44480 levels.

Technical Call Updates

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