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Market Review:

Indian markets flexed their muscle today, steering key indices higher for a third consecutive session. Sectors like realty, FMCG, and consumer durables emerged as winners, while healthcare and oil & gas witnessed some selling pressure.The S&P BSE Sensex rose 89.83 points or 0.12% to 73,738.45. The Nifty 50 index added 31.60 points or 0.14% to 22,368.00.

Nifty Technical Outlook

Nifty is expected to open gap up and likely to witness positive move during the day. On technical grounds, Nifty has an immediate resistance at 22440. If nifty closes above that, further upside can be expected towards 22500-22570 mark. On the flip side 22300-22200 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 22440 and on a decisive close above expect a rise to 22500-22570 levels.

Bank Nifty

Bank Nifty faces an immediate resistance around 48150 levels on the upside and on a decisive close above expect a rise to 48340-48550 There is an immediate support at 47870-47740 levels.

Technical Call Updates

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