Bank Nifty is expected to open on a gap down note and likely to witness range bound move during the day - Nirmal Bang Ltd
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MARKET REVIEW
* Equity benchmarks ended lower for a second straight session on Tuesday.
* The Nifty 50 settled below the 26,200 mark, dragged down by private bank stocks, healthcare and pharmaceutical shares saw buying interest.
* The S&P BSE Sensex declined 376.28 points or 0.44% to 85,063.34.
NIFTY FUT CHART
NIFTY FUT TECHNICAL OUTLOOK
* Nifty is expected to open on a gap down note and likely to witness range bound move during the day.
* On technical grounds, Nifty has an immediate support at 26170. If Nifty closes below that, further downside can be expected towards 26080-26000 mark.
* On the flip side 26370-26450 will act as strong resistance levels.
BANK NIFTY FUT CHART
BANK NIFTY FUT TECHNICAL OUTLOOK
* Bank Nifty is expected to open on a gap down note and likely to witness range bound move during the day.
* Bank Nifty’s next immediate support is around 60000 levels on the downside and on a decisive close below expect a fall to 59840-59660.
* There is an immediate resistance at 60500-60770 levels.
TECHNICAL CALL UPDATES
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