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Market Review:

Indian market indices closed almost flat on Friday, reflecting a cautious sentiment among investors. Global financial markets were unsettled by ongoing concerns regarding US tariffs and fluctuating international trade policies. Sector-wise, energy and metal stocks saw gains, while IT, realty, and consumer durables shares experienced declines. The S&P BSE Sensex shed 7.51 points, or 0.01%, to 74,332.58. The Nifty 50 index rose 7.80 points, or 0.03%, to 22,552.50.

Nifty Technical Outlook

Nifty is expected to open on a negative note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate support at 22460. If nifty closes below that, further downside can be expected towards 22400-22340 mark. On the flip side 22640-22720 will act as strong resistance levels. It’s a stock specific market trade calls with strict stop loss.

Action: Nifty has an immediate support placed at 22460 and on a decisive close below expect a fall to 22460-22340 levels.

Bank Nifty

Bank Nifty’s next immediate support is around 48500 levels on the downside and on a decisive close below expect a fall to 48300-48000 There is an immediate resistance at 48880-49080

Technical Call Updates

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