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Market Review:

Indian markets witnessed a decline for the second consecutive session today as it grappled with mixed global cues. However, gains in the IT and healthcare shares helped offset some of the intraday losses.The S&P BSE Sensex declined 139.58 points or 0.21% to 65,655.15. The Nifty 50 index lost 37.80 points or 0.19% to 19,694.

Nifty Technical Outlook

Nifty is expected to open on a positive note and likely to witness positive move during the day. On technical grounds, Nifty has an immediate resistance at 19750. If nifty closes above that, further upside can be expected towards 19800-19840 mark. On the flip side 19650-19600 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 19750 and on a decisive close above expect a rise to 19800-19840 levels.

Bank Nifty

Bank Nifty faces an immediate resistance around 43900 levels on the upside and on a decisive close above expect a rise to 44070-44300. There is an immediate support at 43570-43340 levels.

Technical Call Updates

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