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Market Review:

Indian Market Indian Market ended lower on Tuesday as broad-based selling gripped the market amid weak global cues and persistent foreign fund outflows. The Nifty 50 slipped below the 25,600 mark, dragged down by heavy losses in metal, IT, and auto stocks. The broader indices also closed in the red, mirroring the weakness in frontline stocks.The S&P BSE Sensex declined 519.34 points or 0.62% to 83,459.15. The Nifty 50 index fell 165.70 points or 0.64% to 25,597.65

Nifty Technical Outlook

Nifty is expected to open on a flattish note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate Resistance at 25740. If Nifty closes above that, further upside can be expected towards 25870-25940 mark. On the flip side 25500-25440 will act as strong support levels.

Action: Nifty has an immediate Resistance at 25740 and on a decisive close above expect a rise to 25870-25940 levels.

Bank Nifty

Bank Nifty’s next immediate resistance is around 58340 levels on the upside and on a decisive close above expect a rise to 58570-58700. There is an immediate support at 57770-57500 levels.

Technical Call Updates

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