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MARKET REVIEW

* Equity benchmarks slipped marginally on Friday, halting a two-day winning streak, as profit booking at elevated levels.

* The Nifty settled below the 26,250 mark. Oil & gas, realty and IT stocks declined, while auto, Pharma and media advanced.

* The S&P BSE Sensex declined 13.71 points or 0.02% to 85,706.67. The Nifty 50 index lost 12.60 points or 0.05% to 26,202.95.

NIFTY FUT CHART

NIFTY FUT TECHNICAL OUTLOOK

* Nifty is expected to open on a gap up note and likely to witness positive move during the day.

* On technical grounds, Nifty has an immediate Resistance at 26520. If Nifty closes above that, further upside can be expected towards 26600-26640 mark.

* On the flip side 26270-26200 will act as strong support levels.

BANK NIFTY FUT CHART

BANK NIFTY FUT TECHNICAL OUTLOOK

* Bank Nifty is expected to open on a gap up note and likely to witness positive move during the day.

* Bank Nifty’s next immediate resistance is around 60400 levels on the upside and on a decisive close above expect a rise to 60530-60800.

* There is an immediate support at 59500-59300 levels.

TECHNICAL CALL UPDATES

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