Indian market benchmarks advanced for the fourth straight session on Friday, buoyed by a mix of global and domestic tailwinds - Nirmal Bang Ltd
Market Review:
Indian market benchmarks advanced for the fourth straight session on Friday, buoyed by a mix of global and domestic tailwinds. The Nifty comfortably closed above the 25,600 mark, supported by a strength in oil & gas, metals, and auto stocks. The S&P BSE Sensex added 303.03 points or 0.36% to 84,058.90. The Nifty 50 index surged 88.80 points or 0.35% to 25,637.80.
Nifty Technical Outlook
Nifty is expected to open on a flattish note and likely to witness a sideways move during the day. On technical grounds, Nifty has an immediate resistance at 25700. If Nifty closes above that, further upside can be expected towards 25770-25840 mark. On the flip side 25570-25500 will act as strong support levels.
Action: Nifty has an immediate Resistance at 25700 and on a decisive close above expect a rise to 25770-25840 levels.
Bank Nifty
Bank Nifty’s next immediate resistance is around 57840 levels on the upside and on a decisive close above expect a rise to 58000-58240. There is an immediate support at 57400-57170 levels.
Technical Call Updates
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