Equity benchmarks slid for a fourth straight session on Thursday - Nirmal Bang Ltd
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MARKET REVIEW
* Equity benchmarks slid for a fourth straight session on Thursday.
* All sectorial indices on the NSE ended in the red, with metals, PSU banks and energy stocks leading the decline.
* The S&P BSE Sensex tumbled 780.18 points or 0.92% to 84,180.96. The Nifty 50 index dropped 263.90 points or 1.01% to 25,876.85.
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 26140. If Nifty closes above that, further upside can be expected towards 26200-26270 mark.
* On the flip side 25900-25800 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 60170 levels on the upside and on a decisive close above expect a rise to 60440-60660.
* There is an immediate support at 59670-59460 levels.
TECHNICAL CALL UPDATES
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