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MARKET REVIEW

* Equity benchmarks ended with marginal losses yesterday, extending their decline to a fourth straight session.

* The Nifty, weighed down by weakness in auto and energy stocks, even as IT and FMCG saw selective buying interest.

* The S&P BSE Sensex shed 77.84 points or 0.09% to 84,481.81. The Nifty 50 index slipped 3 points or 0.01% to 25,815.55.

NIFTY FUT CHART

NIFTY FUT TECHNICAL OUTLOOK

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

* On technical grounds, Nifty has an immediate Resistance at 26000. If Nifty closes above that, further upside can be expected towards 26100-26170 mark.

* On the flip side 25800-25700 will act as strong support levels.

BANK NIFTY FUT CHART

BANK NIFTY FUT TECHNICAL OUTLOOK

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

* Bank Nifty’s next immediate resistance is around 59330 levels on the upside and on a decisive close above expect a rise to 59570-59740.

* There is an immediate support at 58870-58660 levels.

TECHNICAL CALL UPDATES

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