Bank Nifty’s next immediate support is around 55435 levels on the downside and on a decisive close below expect a fall to 55195-54955 - Nirmal Bang Ltd
Market Review:
Indian market bounced back with modest gains today, halting a twoday losing run. On the sectoral front, metals, pharma, and IT stocks were the day’s favourites, while PSU banks and FMCG stocks stayed on the backfoot. The S&P BSE Sensex added 320.70 points or 0.39% to 81,633.02. The Nifty 50 index rose 81.15 points or 0.33% to 24,833.60.
Nifty Technical Outlook
Nifty is expected to open on a flattish note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate support at 24800. If Nifty closes below that, further downside can be expected towards 24730-24660 mark. On the flip side 24870-24940 will act as strong resistance levels.
Action: Nifty has an immediate Support placed at 24800 and on a decisive close below expect a fall to 24730-24660 levels.
Bank Nifty
Bank Nifty’s next immediate support is around 55435 levels on the downside and on a decisive close below expect a fall to 55195-54955. There is an immediate resistance at 55675-55915 levels.
Technical Call Updates
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176
Tag News
Nifty is expected to open on a flattish note and likely to witness range bound move during t...
