Equity benchmarks ended with modest gains yesterday, extending their advance for a second straight session - Nirmal Bang Ltd
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MARKET REVIEW
* Equity benchmarks ended with modest gains yesterday, extending their advance for a second straight session. The Nifty touched fresh record highs before easing off toward the close.
* The Nifty closed above 26,200, supported by strength in banking and financial stocks.
* The S&P BSE Sensex jumped 110.87 points or 0.13% to 85,720.38. The Nifty 50 index rose 10.25 points or 0.04% to 26,215.55.
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 26480. If Nifty closes above that, further upside can be expected towards 26580-26600 mark.
* On the flip side 26300-26220 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 60200 levels on the upside and on a decisive close above expect a rise to 60380-60600.
* There is an immediate support at 59800-59590 levels.
TECHNICAL CALL UPDATES
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