IGI Logo

MARKET REVIEW

* Equity indices closed sharply lower on Tuesday, with the Nifty slipping below the 25,250 level as selling pressure raised.

* All NSE sectorial indices ended in the red, with realty stocks leading the declines.

* The S&P BSE Sensex tumbled 1,065.71 points or 1.28% to 82,180.47. The Nifty 50 index dropped 353 points or 1.38% to 25,232.50

NIFTY FUT CHART

NIFTY FUT TECHNICAL OUTLOOK

* Nifty is expected to open on a flattish note and likely to witness range bound move during the day.

* On technical grounds, Nifty has an immediate Resistance at 25370. If Nifty closes above that, further upside can be expected towards 25440-25500 mark.

* On the flip side 25140-25100 will act as strong support levels.

BANK NIFTY FUT CHART

BANK NIFTY FUT TECHNICAL OUTLOOK

* Bank Nifty is expected to open on a flattish note and likely to witness range bound move during the day.

* Bank Nifty’s next immediate resistance is around 59700 levels on the upside and on a decisive close above expect a rise to 59900-60100.

* There is an immediate support at 59240-59000 levels.

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176