Bank Nifty is expected to open on a positive note and likely to witness positive move during the day - Nirmal Bang Ltd
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MARKET REVIEW
* Equity benchmarks rebounded on Wednesday, with the Sensex and Nifty breaking a four-session losing streak on the year’s final trading day.
* The Nifty closed near the 26,130 mark, driven by strength in energy and consumer durables stocks.
* The S&P BSE Sensex advanced 545.52 points or 0.64% to 85,220.60. The Nifty 50 index gained 190.75 points or 0.74% to 26,129.60. The 50 unit index slipped 0.91% in the past four sessions.
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 26370. If Nifty closes above that, further upside can be expected towards 26450-26600 mark
* On the flip side 26170-26040 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 positive move during the day
* Bank Nifty’s next immediate resistance is around 60100 levels on the upside and on a decisive close above expect a rise to 60300-60580
* There is an immediate support at 59610-59340 levels.
TECHNICAL CALL UPDATES
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