Indian market indices bounced back with strong gains yesterday - Nirmal Bang Ltd
Market Review:
Indian market indices bounced back with strong gains yesterday. Investor sentiment was lifted as geopolitical tensions eased following a ceasefire agreement between India and Pakistan, bringing an end to days of missile and drone attacks.The S&P BSE Sensex, soared 2,975.43 points or 3.74% to 82,429.90. The Nifty 50 index galloped 916.70 points or 3.82% to 24,924.70
Nifty Technical Outlook
Nifty is expected to open on a gap down note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate support at 24840. If Nifty closes below that, further downside can be expected towards 24770-24700 mark. On the flip side 25000-25070 will act as strong resistance levels.
Action: Nifty has an immediate support placed at 24840 and on a decisive close below expect a fall to 24770-24700 levels.
Bank Nifty
Bank Nifty’s next immediate support is around 55440 levels on the downside and on a decisive close below expect a fall to 55200-55000 There is an immediate resistance at 55840-56000 levels.
Technical Call Updates
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