IGI Logo

Market Review

Indian markets ended with minor gains on Tuesday, rising for the third consecutive trading session. Metals and auto shares advanced, while IT and consumer durables shares corrected. The barometer index the S&P BSE Sensex rose 18.11 points or 0.03% to 61,981.79. The Nifty 50 index added 33.60 points or 0.18% to 18,348.

Nifty Technical Outlook

Nifty is expected to open gap down and likely to witness profit booking during the day. On technical grounds, Nifty has an immediate support at 18280. Any move below the same may extend the fall toward 18200-18100 mark. On the flip side 18420-18500 will act as strong resistance levels. It’s a stock specific market, trade calls with strict stop loss.

Action: Nifty has an immediate support placed at 18280 and on a decisive close below expect a fall to 18200-18100 levels.

Bank Nifty

Bank Nifty’s next immediate support is around 43650 levels on the downside and on a decisive close below expect a fall to 43370-43000. There is an immediate resistance at 44180-44500 levels.

Technical Call Updates

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer