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MARKET REVIEW

* Equity benchmarks slipped into the red on Friday, as profit booking in a holiday-shortened week.

* The Nifty closed below the 26,050 mark, pulled down by losses in IT and auto stocks.

* The S&P BSE Sensex declined 367.25 points or 0.43% to 85,041.45. The Nifty 50 index lost 99.80 points or 0.38% to 26,042.30.

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 Resistance at 26120. If Nifty closes above that, further upside can be expected towards 26200-26270 mark.

* On the flip side 26000-25940 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 59200 levels on the upside and on a decisive close above expect a rise to 59400-59570.

* There is an immediate support at 58900-58750 levels.

TECHNICAL CALL UPDATES

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