Nifty is expected to open on a gap up note and likely to witness positive move during the day - Nirmal Bang Ltd
Market Review:
Indian market benchmarks ended higher yesterday, marking the sixth straight session of gains. Sector-wise, realty, FMCG, and consumer durables witnessed strong buying interest, while IT and energy stocks underperformed. The Nifty 50 ended above the 24,160 mark, closing at 24,167.25—up 41.70 points or 0.17%. The S&P BSE Sensex gained 187.09 points or 0.24% to settle at 79,595.59.
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 24340. If Nifty closes below that, further upside can be expected towards 24400-24500 mark. On the flip side 24100-24000 will act as strong support levels.
Action: Nifty has an immediate Resistance placed at 24340 and on a decisive close above expect a rise to 24400-24500 levels.
Bank Nifty
Bank Nifty’s next immediate resistance is around 55940 levels on the upside and on a decisive close above expect a rise to 56270-56540 There is an immediate support at 55240-55000 levels.
Technical Call Updates
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Indian market benchmarks ended sharply lower today - Nirmal Bang Ltd
