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Market Review:

Indian markets ended nearly unchanged on Wednesday. This impacted domestic banking stocks, while mid- and small-cap segment. The S&P BSE Sensex, was up 11.43 points or 0.02% to 65,087.25. The Nifty 50 index added 4.80 points or 0.02% to 19,347.45.

Nifty Technical Outlook

Nifty is expected to open flattish note and likely to witness sideways move during the day. On technical grounds, Nifty has an immediate resistance at 19430. If nifty closes above that, further upside can be expected towards 19500-19580 mark. On the flip side 19300-19260 will act as strong support levels. It’s a stock specific market trade calls with strict stop loss.

Action: Nifty has an immediate resistance placed at 19430 and on a decisive close above expect a rise to 19500-19580 levels.

Bank Nifty

Bank Nifty faces an immediate resistance around 44640 levels on the upside and on a decisive close above expect a rise to 45040-45200. There is an immediate support at 43970-43710 levels.

Technical Call Updates

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