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Market Review:

Indian markets closed higher for the fifth consecutive session on Thursday. Capital goods, banks, and realty sectors were the main drivers of these gains. The S&P BSE Sensex advanced 385.04 points or 0.58% to 66,265.56. The Nifty 50 index added 116 points or 0.59% to 19,727.05.

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 19770. If nifty closes above that, further upside can be expected towards 19820-19900 mark. On the flip side 19640-19530 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 19770 and on a decisive close above expect a rise to 19820-19990 levels.

Bank Nifty

Bank Nifty faces an immediate resistance around 45250 level on the upside and on a decisive close above expect a rise to 45460-45850. There is an immediate support at 44690-44330 levels.

Technical Call Updates

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