Nifty is expected to open on a flattish note and likely to witness range bound move during the day-Nirmal Bang Ltd
Market Review:
Indian market indices saw healthy gains on Thursday, extending their upward trend for the third consecutive session as investors look ahead to the Union Budget 2025, anticipating growth-supportive policies in line with fiscal prudence. The S&P BSE Sensex, rallied 226.85 points or 0.30% to 76,
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 23300. If nifty closes above that, further upside can be expected towards 23370-23440 mark. On the flip side 23170-23100 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 23300 and on a decisive close above expect a rise to 23370-23440 levels.
Bank Nifty
Bank Nifty faces an immediate resistance around 49540 levels on the upside and on a decisive close above expect a rise to 49770-50000 There is an immediate support at 49000-48740 levels.
Technical Call Updates
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