Indian market benchmarks ended the day with strong gains - Nirmal Bang Ltd
Market Review:
Indian market benchmarks ended the day with strong gains. The Nifty50 closed above the 24,300 mark, and while the Nifty IT index saw a decline, all other sectoral indices on the NSE ended in the green. Shares in energy, PSU banks, and pharma rallied. The S&P BSE Sensex zoomed 1,005.84 points or 1.27% to 80,218.37. The Nifty 50 index soared 298.75 points or 1.20% to 24,328.50.
Nifty Technical Outlook
Nifty is expected to open on a positive note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate Resistance at 24400. If Nifty closes below that, further upside can be expected towards 24470-24540 mark. On the flip side 24270-24200 will act as strong support levels.
Action: Nifty has an immediate Resistance placed at 24400 and on a decisive close above expect a rise to 24470-24540 levels.
Bank Nifty
Technical Call Updates
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176
