Nifty is expected to open on a negative note and likely to witness range bound move during the day - Nirmal Bang Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Market Review:
Indian markets ended the special one-hour Muhurat trading session with moderate gains on Friday, snapping a 2-day losing streak.All the sectroal indices on the NSE eneded in the green,with auto,realty and consumer durables gaining the most.The S&P BSE Sensex advanced 335.06 points or 0.42% to 79,724.12.The Nfty 50 index added 99 points or 0.41% to 24,304.35.
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 24240. If nifty closes below that, further downside can be expected towards 24170-24100 mark. On the flip side 24370-24450 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 24240 and on a decisive close below expect a fall to 24170-24100 levels.
Bank Nifty
Bank Nifty’s next immediate support is around 51770 levels on the downside and on a decisive close below expect a fall to 51500-51340 There is an immediate resistance at 52240-52470 level.
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766
Tag News
Nifty is expected to open on a positive note and likely to witness range bound move may be s...
More News
Markets corrected sharply on Friday after a gap down opening - HDFC Securities
