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Below are Views On Tomorrow markets are expected to remain volatile considering the expiry By Mr. Rahul Sharma, Co-Founder, Equity99.

Today markets were volatile with Sensex down 254 points and Nifty down 37 points. Power index as top gainer today making new all-time high followed by pharma & PSU Banks. The banking index was down 202 points with IDFC’s first bank being the top gainer up 4.43%. Midcapindexx was up 323 points or 1% due to buying in power stocks. NTPC was the top gainer in the  Nifty50 pack along with Coal India & Power Grid Corp, while HDFC, Kotak Mahindra Bank & Asian Paints were top losers.

Tomorrow markets are expected to remain volatile considering the expiry. 

Nifty getting close to expiry day was filled with heavy volatility, we have seen dips of 17608 & Highs of 17781, Within these levels of volatility we have seen a good recovery in the index from the lower levels and on Hourly charts, after mid-session, a clear sign of recovery was formed, Going ahead on Expiry day we are expecting same volatility to flow and support levels for will remain with previous day’s lows of 17575 followed by 17500- 17450 & Upper Side 17750 will act as immediate resistance followed by 17800-17850 levels.

Bank Nifty with another fall of 200 points now stands near support levels of 37700 levels, on Hourly charts clear Higher Highs & Higher lows is visible which is a positive sign for the index, Support for Bank Nifty is at 37500 -37315 levels & On Upside 37900 & 38100 will act as crucial resistance levels

Sector in focus tomorrow – Banks, Telecommunication, Power & Pharma.

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