Indian markets declined for the third consecutive session on Tuesday with Nifty slipping below 25,800 - Nirmal Bang Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Market Review:
Indian markets declined for the third consecutive session on Tuesday with Nifty slipping below 25,800. Media, IT and auto shares climbed. The S&P BSE Sensex fell 33.49 points or 0.04% to 84,266.29. The Nifty 50 index shed 13.95 points or 0.05% to 25,769.90.
Nifty Technical Outlook
Nifty is expected to open gap down note and likely to witness volatile move during the day. On technical grounds, Nifty has an immediate support at 25540. If nifty closes below that, further downside can be expected towards 25470-25400 mark. On the flip side 25870-26000 will act as strong resistance levels. It’s a stock specific market trade calls with strict stop loss.
Action:
Nifty has an immediate support placed at 25540 and on a decisive close below expect a fall to 25470-25400 levels.
Bank Nifty
Bank Nifty’s next immediate support is around 53000 levels on the downside and on a decisive close below expect a fall to 52770-52500. There is an immediate resistance at 53600-53840 levels.
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766
Tag News
Nifty is expected to open on a positive note and likely to witness range bound move may be s...
More News
Daily Market Analysis : Markets managed to inch higher in a volatile session, closing with n...
