Indian market Benchmark indices closed with strong gains today - Nirmal Bang Ltd
Market Review:
Indian market Benchmark indices closed with strong gains today. The uptrend was driven by positive global cues and the return of foreign fund inflows after recent outflows. The S&P BSE Sensex advanced 443.79 points or 0.55% to 81,442.04. The Nifty 50 index jumped 130.70 points or 0.53% to 24,750.90. In the two straight sessions, the Sensex and Nifty jumped 0.87% and 0.85%, respectively.
Nifty Technical Outlook
Nifty is expected to open on a flattish note and likely to witness sideways move during the day. On technical grounds, Nifty has an immediate Support at 24670. If Nifty closes below that, further downside can be expected towards 24600-24550 mark. On the flip side 24840-24900 will act as strong resistance levels.
Action: Nifty has an immediate Support placed at 24670 and on a decisive close below expect a fall to 24600-24550 levels.
Bank Nifty
Bank Nifty’s next immediate support is around 55770 levels on the downside and on a decisive close below expect a fall to 55500-55250. There is an immediate resistance at 56270-56540 levels.
Technical Call Updates
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