Indian market benchmarks indices closed slightly higher on Tuesday - Nirmal Bang Ltd
Market Review:
Indian market benchmarks indices closed slightly higher on Tuesday. Buying was seen in PSU banks, energy, and metal stocks, while FMCG and IT shares faced selling pressure. The S&P BSE Sensex rose 90.83 points or 0.11% to 83,697.29. The Nifty 50 index added 24.75 points or 0.10% to 25,541.80.
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 25600. If Nifty closes above that, further upside can be expected towards 25670-25740 mark. On the flip side 25470-25400 will act as strong support levels.
Action: Nifty has an immediate Resistance at 25600 and on a decisive close above expect a rise to 25670-25740 levels.
Bank Nifty
Bank Nifty’s next immediate resistance is around 57900 levels on the upside and on a decisive close above expect a rise to 58140-58370. There is an immediate support at 57470-57240 levels.
Technical Call Updates
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