IGI Logo

MARKET REVIEW

* Equity benchmarks snapped a five-day losing streak on Monday after a sharp intraday rebound.

* The Nifty also climbed back as sentiment improved, with metals, PSU banks and energy stocks leading the recovery.

* The S&P BSE Sensex advanced 301.93 points or 0.36% to 83,878.17. The Nifty 50 index gained 106.95 points or 0.42% to 25,790.25.

NIFTY FUT CHART

NIFTY FUT TECHNICAL OUTLOOK

* Nifty is expected to open on a positive note and likely to witness positive move during the day.

* On technical grounds, Nifty has an immediate Resistance at 25990. If Nifty closes above that, further upside can be expected towards 26100-26170 mark.

* On the flip side 25800-25690 will act as strong support levels.

BANK NIFTY FUT CHART

BANK NIFTY FUT TECHNICAL OUTLOOK

* Bank Nifty is expected to open on a positive note and likely to witness positive move during the day.

* Bank Nifty’s next immediate resistance is around 59980 levels on the upside and on a decisive close above expect a rise to 60240-60500.

* There is an immediate support at 59500-59300 levels.

TECHNICAL CALL UPDATES

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