Equity indices closed lower for a second straight session on Wednesday as of profit booking - Nirmal Bang Ltd
MARKET REVIEW
* Equity indices closed lower for a second straight session on Wednesday as of profit booking.
* IT and automobile stocks led the declines, while metal stocks and PSU banks attracted buying interest.
* The S&P BSE Sensex slipped 244.98 points or 0.29% to 83,382.71. The Nifty 50 index lost 66.70 points or 0.26% to 25,665.60.
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 25820. If Nifty closes above that, further upside can be expected towards 25900-26000 mark.
* On the flip side 25640-25570 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 60000 levels on the upside and on a decisive close above expect a rise to 60200-60400.
* There is an immediate support at 59570-59400 levels.
TECHNICAL CALL UPDATES
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Market is expected to open on a positive note and likely to witness positive move during the...
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