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Market Review:

Indian markets by volatility, the domestic stock market closed higher for the second straight session. The S&P BSE Sensex gained 92.47 points or 0.14% to 66,023.24. The Nifty 50 index added 28.45 points or 0.14% to 19,811.85.

Nifty Technical Outlook

Nifty is expected to open on a flattish note and likely to witness sideways move during the day. On technical grounds, Nifty has an immediate resistance at 19840. If nifty closes above that, further upside can be expected towards 19900-19960 mark. On the flip side 19770-19600 will act as strong support levels. It’s a stock specific market trade calls with strict stop loss.

Action: Nifty has an immediate resistance placed at 19840 and on a decisive close above expect a rise to 19900-19960 levels.

Bank Nifty

Bank Nifty faces an immediate resistance around 43800 levels on the upside and on a decisive close above expect a rise to 44000-44250. There is an immediate support at 43380-43170 levels.

Technical Call Updates

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