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

Today on weekly expiry markets ended on a negative note with Sensex down 257 points & Nifty50 down 60 points. Nifty Realty was the top gainer followed by Metals & Commodities. The banking sector was down 536 points with SBI being the only bank in green-up 1.14%. The midcap index was down 83 points. Among the Nifty50 pack, LT was the top gainer followed by Grasim & UPL, while Sun Pharma, IndusInd Bank & Bharti Airtel were top losers.

Tomorrow markets will be open only for 1 hour for the Diwali Muhrat trading session, we don`t expect much volatility tomorrow. We expect the broader index to make an up-move tomorrow. We expect the finance and the realty sector to be in focus.

Technical levels-
For tomorrow 17765 will act as crucial support for Nifty on breaking which we might see 17725 levels and if these levels are broken then 17650 is also possible. On the upper side, 17880 will act as crucial resistance and if it is broken then 17960 is possible if this level is broken then weight regain 18k levels and the next resistance will be 18100 levels.

Bank Nifty – For Bank Nifty 39330 will act as important support on breaking which we will see 39100 levels and if this level is broken then 38850 is also possible. While on the upper side 39670 will act as crucial resistance if these levels are broken then 39900 is possible to post which 40200 levels will be the next resistance levels.

Sector in Focus – Banks, Automobiles, Realty & Metals.

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