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 closed higher on Monday, extending gains for a second straight session.
* The Nifty settled above the 26,150 mark and closed near its intraday high, led by strength in IT and metal stocks.
* The S&P BSE Sensex jumped 638.12 points or 0.75% to 85,576.48. The Nifty 50 index gained 206 points or 0.79% to 26,172.40.
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 26300. If Nifty closes above that, further upside can be expected towards 26370-26440 mark.
* On the flip side 26100-26040 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 59600 levels on the upside and on a decisive close above expect a rise to 59770-59900.
* There is an immediate support at 59300-59140 levels.
TECHNICAL CALL UPDATES
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