Equity benchmarks logged a steady rebound yesterday, ending a three-day losing streak - Nirmal Bang Ltd
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MARKET REVIEW
* Equity benchmarks logged a steady rebound yesterday, ending a three-day losing streak.
* Auto, metal and healthcare stocks saw strong buying.
* The S&P BSE Sensex surged 426.86 points or 0.51% to 84,818.13. The Nifty 50 index added 140.55 points or 0.55% to 25,898.55.
NIFTY FUT CHART
NIFTY FUT TECHNICAL OUTLOOK
* Nifty is expected to open on a gap up note and likely to witness positive move during the day.
* On technical grounds, Nifty has an immediate Resistance at 26180. If Nifty closes above that, further upside can be expected towards 26300-26400 mark.
* On the flip side 25860-25700 will act as strong support levels.
BANK NIFTY FUT CHART
BANK NIFTY FUT TECHNICAL OUTLOOK
* Bank Nifty is expected to open on a gap up note and likely to witness positive move during the day.
* Bank Nifty’s next immediate resistance is around 59780 levels on the upside and on a decisive close above expect a rise to 60000-60240.
* There is an immediate support at 59150-58800 levels.
TECHNICAL CALL UPDATES
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