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Nifty ends above 25300 zone: improves bias
Nifty witnessed a significant recovery from the previous day's low and gained strength as the day progressed ahead to close above the important hurdle of 25300 level. BankNifty steadily is moving ahead to end on an optimistic note near the 56800 zone with the overall bias improving anticipating for further rise in the coming days. The market breadth was strong with the advance decline indicating a ratio of 2:1 at close

Market Forecast
Nifty daily range 25200-25500
Nifty gained strength once again after the weak session to close above the important hurdle at 25300 zone to ease out the sentiment with improving bias and establish conviction for further upward movement in the coming days. The index maintained with an optimistic approach, can expect for next target of 25700 level with 25000 zone positioned as the important support as of now which needs to be sustained to carry on with the positive move further ahead
BankNifty, witnessed a decent pullback to improve the bias closing near the 56800 zone and gradually is picking up aiming to retest the previous peak zone at 57630 level with ICICI Bank and Sai technically looking good to gain further in the coming days The index as mentioned earlier, would have the next target expected near 57700 level with the neckline of the Inverted Head & Shoulder at 55500 zone and the 50EMA level maintained as the important support as of now which needs to be sustained.
The support for the day is seen at 25200 levels, while the resistance is seen at 25500 levels. BankNifty would have the daily range of 56400-57400 levels.

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