Bank Nifty support at 57210; below this, may fall toward 56940-56750 - Nirmal Bang Ltd
Market Review:
Indian Markets ended with strong gains today, marking their second consecutive session of advances. The Nifty closed above the 24,550 mark, led by gains in FMCG, realty, and consumer durables stocks. The S&P BSE Sensex surged 862.23 points or 1.04% to 83,467.66. The Nifty 50 soared 261.75 points or 1.03% to 25,585.30.
Nifty Technical Outlook
Nifty is expected to open on a negative note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate support at 25430. If Nifty closes below that, further downside can be expected towards 25280-25200 mark. On the flip side 25680-25770 will act as strong resistance levels.
Action: Nifty has an immediate Support at 25430 and on a decisive close below expect a fall to 25280-25200 levels
Bank Nifty
Bank Nifty’s next immediate support is around 57210 levels on the downside and on a decisive close below expect a fall to 56940-56750. There is an immediate resistance at 57680-57860 levels
Technical Call Updates
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