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Market Review:

Indian markets ended almost flat after a volatile session on Wednesday. The Nifty regained 15,000 mark after slipping below that level in intraday trade. The barometer index, the S&P BSE Sensex, slipped 19.69 points or 0.04% to 51,309.39. The Nifty 50 index lost 2.80 points or 0.02% to 15,106.50.

Nifty Technical Outlook

Nifty is expected to open gap down and likely to witness negative move during the day. On technical grounds, Nifty has an immediate support at 15000. Any move below the same may extend the fall towards 14930-14850 mark. On the flip side 15200-15270 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 15000 and on a decisive close below expect a fall to 14930-14850 levels.

Bank Nifty

Bank Nifty faces an immediate support around 35500 level on the downside and on a decisive close below expect a fall to 35250-35000. There is an Immediate resistance at 36000-36270 levels.

Technical Call Updates

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