Indian market benchmarks ended slightly lower on Thursday - Nirmal Bang Ltd
Market Review:
Indian market benchmarks ended slightly lower on Thursday. Realty, metal, and consumer durables stocks saw buying interest, while IT and banking shares dragged the indices down. The S&P BSE Sensex declined 375.24 points or 0.45% to 82,259.24. The Nifty 50 index fell 100.60 points or 0.40% to 25,111.45.
Nifty Technical Outlook
Nifty is expected to open on a flattish note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate resistance at 25200. If Nifty closes above that, further upside can be expected towards 25270-25340 mark. On the flip side 25000-24940 will act as strong support levels.
Action: Nifty has an immediate Resistance at 25200 and on a decisive close above expect a rise to 25270-25340 levels.
Bank Nifty
Bank Nifty’s next immediate resistance is around 57240 levels on the upside and on a decisive close above expect a rise to 57570-57800. There is an immediate support at 56740-56500 levels.
Technical Call Updates
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Market is expected to open on a flattish note and likely to witness range bound move during...
