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Below is quote On Today’s Market report by Mr. Rahul Sharma, Co- Founder, Equity99.

The market today made an up move after falling for 5 sessions. Sensex was up 383 points while Nifty 50 was up 143 points. Nifty Realty was the top gainer up 3.62% followed by the Metals & Auto Sector. The banking index was flattish today up 45.90 points with IDFC First Bank being the top gainer up 7.09%. The midcap index was up 548 points. Among the Nifty50 pack Tata Motors was the top gainer followed by Tata Steel & SBI Life Insurance, while IndusInd Bank, ICICI Bank & Power Grid Corp were top losers.

Volatility in the market continues with just 2 days left for expiry. Realty & Metals sectors are performing well along with Banks. We are witnessing a sectoral move in the market. Axis Bank will be declaring its results post-market today while tomorrow we expect infra stocks to be in focus with Larsen set to declare its results tomorrow.

Technical levels –
Nifty 50 – For Nifty 18200 will act as immediate support on breaking which we might see 18100 levels and later on 18k levels. While on the upper side 18350 will act as strong resistance on breaking which 18475 to 18525 levels are possible.

Bank Nifty – We might see some movement in Bank Nifty tomorrow after Axis Banks results in today. On the upper side, 41350 will act as strong resistance on breaking which we might see 41600 levels. However, on the lower side 41100 will act as strong support on breaking which 40700 levels are possible.

Results tomorrow – Adani Ports, Bajaj Auto, Balaji Amines, Dalmia Bharat, Deepak Nitrite, IOB< ITC, Larsen, Maruti Suzuki, Tata Chemicals & PNB.

Sector in Focus – Infrastructure, Banks, Metals, Auto.

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