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Market Review:

Indian markets ended a roller coaster session with tepid gains on Wednesday. The barometer index, the S&P BSE Sensex advanced 158.18 points or 0.27% to 59,708.08. The Nifty 50 index lost 45.85 points or 0.26% to 17,616.30.

Nifty Technical Outlook

Nifty is expected to open gap down and likely to witness volatile move during the day. On technical grounds, Nifty has an immediate support at 17470. Any move below the same may extend the fall toward 17330-17250 mark. On the flip side 17750-17840 will act as strong resistance levels. It’s a stock specific market, trade calls with strict stop loss.

Bank Nifty

Bank Nifty’s next immediate support is around 40350 levels on the downside and on a decisive close below expect a fall to 40000-39650 There is an immediate resistance at 41000-41340 levels.

Technical Call Updates

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