Bank Nifty is expected to open on a gap up note and likely to witness positive move during the day - Nirmal Bang Ltd
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MARKET REVIEW
* Equity benchmarks ended on Friday with solid gains, snapping a four day losing streak as sentiment turned upbeat.
* The Nifty closed above the 25,950 mark, led by strength in auto and healthcare stocks.
* The S&P BSE Sensex climbed 447.55 points or 0.53% to 84,929.36. The Nifty 50 index added 142.55 points or 0.55% to 25,958.
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 26240. If Nifty closes above that, further upside can be expected towards 26300-26370 mark.
* On the flip side 25970-25900 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 59570 levels on the upside and on a decisive close above expect a rise to 59740-59900.
* There is an immediate support at 59000-58780 levels.
TECHNICAL CALL UPDATES
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