Indian market benchmarks ended in the red today - Nirmal Bang Ltd
Market Review:
Indian market benchmarks ended in the red today. Realty, FMCG and IT shares were under pressure. On the other hand, pharma and metal shares bucked the trend. The S&P BSE Sensex declined 315.06 points or 0.39% to 79,801.43. The Nifty 50 index lost 82.25 points or 0.34% to 24,246.70.
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 24370. If Nifty closes below that, further upside can be expected towards 24440-24500 mark. On the flip side 24170-24100 will act as strong support levels
Action: Nifty has an immediate Resistance placed at 24370 and on a decisive close above expect a rise to 24440-24500 levels.
Bank Nifty
Bank Nifty’s next immediate resistance is around 55500 levels on the upside and on a decisive close above expect a rise to 55770-56000 There is an immediate support at 55000-54740 levels.
Technical Call Updates
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Market is expected to open on a gap up note and likely to witness positive move during the d...
