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MARKET REVIEW

* Equity benchmarks closed with minor losses yesterday, extending their decline for a second straight session.

* The Nifty slipped below the 26,200 mark, with realty, healthcare and consumer durables stocks under pressure, while auto, metal and IT counters bucked the trend.

* The S&P BSE Sensex declined 64.77 points or 0.08% to 85,641.90. The Nifty 50 index lost 27.20 points or 0.10% to 26,175.75.

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 support at 26260. If Nifty closes below that, further downside can be expected towards 26180-26070 mark.

* On the flip side 26450-26570 will act as strong resistance 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 support is around 59700 levels on the downside and on a decisive close below expect a fall to 59500-59200.

* There is an immediate resistance at 60230-60550 levels.

TECHNICAL CALL UPDATES

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