Equity benchmarks closed lower on Tuesday after an early rebound fizzled out - Nirmal Bang Ltd
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MARKET REVIEW
* Equity benchmarks closed lower on Tuesday after an early rebound fizzled out.
* Consumer durables and pharmaceutical stocks were among the worst hit.
* The S&P BSE Sensex slipped 250.48 points or 0.30% to 83,627.69. The Nifty 50 index lost 57.95 points or 0.22% to 25,732.30.
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 support at 25670. If Nifty closes below that, further downside can be expected towards 25600-25540 mark.
* On the flip side 25900-26000 will act as strong resistance 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 support is around 59500 levels on the downside and on a decisive close below expect a fall to 59300-59140.
* There is an immediate resistance at 59970-60200 levels.
TECHNICAL CALL UPDATES
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