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Market Review:

Indian markets ended with minor gains on Thursday, rising for the third straight session. Metal stocks surged while banks and financials corrected. The Nifty closed below the 14,900 mark. The barometer index, the S&P BSE Sensex, gained 84.45 points or 0.17% to 49,746.21. The Nifty 50 index rallied 54.75 points or 0.37% to 14,873.80.

Nifty Technical Outlook

Nifty is expected to open on a flattish note and likely to witness sideways move during the day. On technical grounds, Nifty has an immediate resistance at 15000. If nifty closes above that, further upside can be expected towards 15100-15180 mark. On the flip side 14800-14730 will act as strong support levels. It’s a stock specific market trade calls with strict stoploss.

Action: Nifty has an immediate resistance placed at 15000 and on a decisive close above expect a rise to 15100-15180 levels.

Bank Nifty

Bank Nifty faces an immediate resistance around 33370 levels on the upside and on a decisive close above expect a rise to 33750-34150. There is an immediate support at 32500-32000 levels.

Technical Call Updates

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