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Market Review:

Indian Markets ended on a positive note during the special Muhurat Trading session, buoyed by upbeat global cues. The Nifty closed above the 25,860 mark, supported by strong buying in metal and pharma counters. The S&P BSE Sensex rose 62.97 points or 0.07% to 84,426.34. The Nifty 50 index added 25.45 points or 0.10% to 25,868.60.

Nifty Technical Outlook

Nifty is expected to open on a gap up note and likely to witness positive move during the day. On technical grounds, Nifty has an immediate Resistance at 26100. If Nifty closes above that, further upside can be expected towards 26240-26300 mark. On the flip side 25770-25700 will act as strong support levels.

Action: Nifty has an immediate Resistance at 26100 and on a decisive close above expect a rise to 26240-26300 levels.

Bank Nifty

Bank Nifty’s next immediate resistance is around 58400 levels on the upside and on a decisive close above expect a rise to 58560-58800. There is an immediate support at 57720-57560 levels.

Technical Call Updates

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