The Nifty 50 index lost 207.35 points or 0.86% to 24,039.35 - Nirmal Bang Ltd
Market Review:
Indian market benchmarks reversed early gains to end lower for the second consecutive session.The Nifty50 closed below the 24,050 mark, weighed down by losses in realty and pharma stocks. However, IT shares outperformed, offering some support to the otherwise negative session. The S&P BSE Sensex declined 588.90 points or 0.74% to 79,212.53. The Nifty 50 index lost 207.35 points or 0.86% to 24,039.35.
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 24200. If Nifty closes below that, further upside can be expected towards 24270-24340 mark. On the flip side 23940-23870 will act as strong support levels.
Action: Nifty has an immediate Resistance placed at 24200 and on a decisive close above expect a rise to 24270-24340 levels.
Bank Nifty
Bank Nifty’s next immediate resistance is around 55000 levels on the upside and on a decisive close above expect a rise to 55240-55570 There is an immediate support at 54440-54200 levels.
Technical Call Updates
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Market is expected to open on a flattish note and likely to witness range bound move during ...
