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Technical Outlook:

Nifty (Spot):

Nifty is continuing its bullish momentum where 17300/17500 are immediate target levels while we can expect some consolidation after two days of the rally. 17065/17000 will act as immediate and strong support levels. If Nifty consolidates then Midcap and Smallcap space may do well.

Banknifty (Spot):

Banknifty is struggling to sustain above key hurdle of 36500 but if it manages to trade above this level then we can expect a sharp short-covering rally towards 37200/37700 levels. On the downside, 36000/35800 are immediate and strong support levels

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