IGI Logo

MARKET REVIEW

*  Equity benchmarks posted decent gains on Friday, extending their winning run to a second straight session.

*  The Nifty regained momentum and closed above 26,150, with banks and financial services stocks leading the up move.

*  The S&P BSE Sensex advanced 447.05 points or 0.52% to 85,712.37. The Nifty 50 index added 152.70 points or 0.59% to 26,186.45.

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 26200. If Nifty closes below that, further downside can be expected towards 26100-25980.

*  On the flip side 26420-26500 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 59700 levels on the downside and on a decisive close below expect a fall to 59350-59140.

*  There is an immediate resistance at 60260-60470 levels.

TECHNICAL CALL UPDATES

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176