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Market Review:

Indian markets ended with small gains after a volatile session on Tuesday. The Nifty closed just shy of the 14,700 mark. The barometer index, the S&P BSE Sensex, advanced 42.07 points or 0.09% to 49,201.39. The Nifty 50 index added 45.70 points or 0.31% to 14,683.50.

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 support at 14550. Any move below the same may extend the fall towards 14470-14400 mark. On the flip side 14800-14900 will act as strong resistance zones. It’s a stock specific market and trade calls with strict stop loss.

Action: Nifty has an immediate support placed at 14550 and on a decisive close below expect a fall to 14470-14400 levels.

Bank Nifty

Bank Nifty faces an immediate support around 32350 level on the downside and on a decisive close below expect a fall to 32000-31650. There is an Immediate resistance at 33000-33470 levels.

Technical Call Updates

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