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Market Review:

Indian markets ended with decent gains on Tuesday. IT, oil & gas and private banks stocks were in demand. The barometer index, the S&P BSE Sensex gained 205.21 points or 0.31% to 66,795.14. The Nifty 50 index rose 37.80 points or 0.19% to 19,749.25.

Nifty Technical Outlook :

Nifty is expected to open on a flattish note and likely to witness profit booking during the day. On technical grounds, Nifty has an immediate support at 19670. Any move below the same may extend the fall toward 19600-19500 mark. On the flip side 19840-19920 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 19670 and on a decisive close below expect a fall to 19600-19500 levels.

Bank Nifty

Bank Nifty’s next immediate support is around 45200 levels on the downside and on a decisive close below expect a fall to 45000-44700. There is an immediate resistance at 45800-46100 levels.

Technical Call Updates

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