Indian market benchmarks closed little changed after a choppy session - Nirmal Bang Ltd
Market Review:
Indian market benchmarks closed little changed after a choppy session. he Nifty ended above the 25,450 mark. FMCG and energy stocks saw strong interest, while IT and metal shares dragged on the indices. The S&P BSE Sensex rose 9.61 points or 0.01% to 83,442.50. The Nifty 50 index rose 0.30 points or 0.0% to 25,461.30.
Nifty Technical Outlook
Nifty is expected to open on a flattish note and likely to witness a range bound move during the day. On technical grounds, Nifty has an immediate support at 25400. If Nifty closes below that, further downside can be expected towards 25340-25270 mark. On the flip side 25540-25600 will act as strong resistance levels.
Action: Nifty has an immediate Support at 25400 and on a decisive close below expect a fall to 25340-25270 levels.
Bank Nifty
Bank Nifty’s next immediate support is around 57000 levels on the downside and on a decisive close below expect a fall to 56740-56500. There is an immediate resistance at 57370-57600 levels.
Technical Call Updates
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