Equity benchmark indices ended Tuesday`s session largely flat and volatile - Nirmal Bang Ltd
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MARKET REVIEW
* Equity benchmark indices ended Tuesday’s session largely flat and volatile.
* Metal and chemical shares were in demand while IT, PSU banks and healthcare stocks witnessed selling.
* The S&P BSE Sensex declined 42.64 points or 0.05% to 85,524.84. The Nifty 50 index rose 4.75 points or 0.02% to 26,177.15.
NIFTY FUT CHART
NIFTY FUT 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 Resistance at 26270. If Nifty closes above that, further upside can be expected towards 26350-26440 mark.
* On the flip side 26120-26040 will act as strong support levels.
BANK NIFTY FUT CHART
BANK NIFTY FUT TECHNICAL OUTLOOK
* Bank Nifty is expected to open on a flattish note and likely to witness range bound 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 59800-60000.
* There is an immediate support at 59250-59100 levels.
TECHNICAL CALL UPDATES
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