Equity benchmarks slipped into the red on Wednesday in a quiet, pre-Christmas session marked by light volumes - Nirmal Bang Ltd
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MARKET REVIEW
* Equity benchmarks slipped into the red on Wednesday in a quiet, pre-Christmas session marked by light volumes.
* Weakness in oil and gas and IT stocks weighed on sentiment.
* The S&P BSE Sensex declined 116.14 points or 0.14% to 85,408.70. The Nifty 50 index fell 35.05 points or 0.13% to 26,142.10.
NIFTY FUT CHART
NIFTY FUT TECHNICAL OUTLOOK
* Nifty is expected to open on a negative note and likely to witness negative move during the day.
* On technical grounds, Nifty has an immediate support at 26070. If Nifty closes below that, further downside can be expected towards 25940-25900 mark.
* On the flip side 26240-26320 will act as strong resistance levels.
BANK NIFTY FUT CHART
BANK NIFTY FUT TECHNICAL OUTLOOK
* Bank Nifty is expected to open on a negative note and likely to witness negative move during the day.
* Bank Nifty’s next immediate support is around 58970 levels on the downside and on a decisive close below expect a fall to 58740-58600.
* There is an immediate resistance at 59500-59720 levels.
TECHNICAL CALL UPDATES
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