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

The volatility in the market continues with Sensex falling 206 points at the close, while Nifty 50 was down 57 points. Nifty PSU banks were top gainers today followed by Healthcare & IT. Today the banking index also fell 364 points with SBI being the top-performing bank, We saw profit booking in Axis bank despite the bank declaring superb results. The nifty Midcap index was up 23.60 points. Among the Nifty50 pack, Asian Paints was the top gainer followed by UPL & Divis Labs, while Axis Bank was the top loser followed by Bajaj Finance & ONGC.

With monthly expiry tomorrow, we expect good movement in the market tomorrow. Also, tomorrow is the ex-date for the IRCTC split which has been making a good move recently. Traders are advised to trade tomorrow with Strict targets & SL. We recommend dips to be bought in quality stocks.

Technical levels-
Nifty50 – Considering the movement in the market and tomorrow`s expiry 18160 will act as top support on breaking which 18050 levels are possible and if these levels are broken we might see 17950 levels breaching the 18k mark. On the upper side, 18280 will act as strong resistance on breaking which 18350 to 18400 levels are possible.

Bank Nifty – Bank Nifty has shown some good moves recently after results declared by some private & public sector banks. For tomorrow 40600 will act as immediate support for bank nifty on breaking which 40350 to 40100 levels are possible. On the upper side, 41000 will act as immediate resistance on breaking which 41270 levels are possible.

Results tomorrow – Adani Green ATGL, AU Small Finance Bank, Bajaj Finserv, DLF, Indian Bank, Indigo, Lauras Labs, Marico, NTPC, RBL Bank, SBI Cards & Tata Power.

Sector in focus – Banks, Infrastructure, Sugar, Automobiles & NBFCs

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