IGI Logo

Market Review:

Indian market ended near the day's high after a strong session on Wednesday. All the sectoral indices on the NSE ended in the green.The barometer index, the S&P BSE Sensex, surged 1,016.03 points or 1.76% to 58,649.68. The Nifty 50 index jumped 293.05 points or 1.71% to 17,469.75.

Nifty Technical Outlook

Nifty is likely to open on a flat note today and is likely to remain positive during the day.On technical grounds, Nifty has an immediate resistance at 17520 If nifty closes above that, further upside can be expected towards 17700-17820mark. On the flip side 17400- 17320 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 17520 and on a decisive close above expect a rise to 17700-17820 levels.

Bank Nifty

Bank Nifty faces an immediate resistance around 37400 levels on the upside and on a decisive close above expect a rise to 37770- 37980There is an immediate support at 36920-36600 levels.

Technical Call Updates

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://investmentguruindia.com/Disclaimer/nirmal.html

SEBI Registration number is INH000001766

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer