Nifty has an immediate Resistance at 25270 and on a decisive close above expect a rise to 25340-25400 levels - Nirmal Bang Ltd
Market Review:
Indian market ended with modest gains today, with the Nifty closing above the 25,200 mark. PSU banks and IT stocks attracted buying interest, while metal and pharma shares faced selling pressure. The S&P BSE Sensex jumped 63.57 points or 0.08% to 82,634.48. The Nifty 50 index added 16.25 points or 0.06% to 25,212.05.
Nifty Technical Outlook
Nifty is expected to open on a flattish note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate resistance at 25270. If Nifty closes above that, further upside can be expected towards 25340-25400 mark. On the flip side 25140-25070 will act as strong support levels.
Action: Nifty has an immediate Resistance at 25270 and on a decisive close above expect a rise to 25340-25400 levels.
Bank Nifty
Bank Nifty’s next immediate resistance is around 57570 levels on the upside and on a decisive close above expect a rise to 57840-58000. There is an immediate support at 57000-56770 levels.
Technical Call Updates
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Market is expected to open on a flattish note and likely to witness range bound move during ...
