IGI Logo

MARKET REVIEW

* Equity benchmarks slipped for the fourth straight session as investors booked profits ahead of the RBI’s policy decision later this week.

* The Nifty finished below the 26,000 mark, consumer Durables and Auto stocks also retreated.

* The S&P BSE Sensex declined 31.46 points or 0.04% to 85,106.81. The Nifty 50 index fell 46.20 points or 0.18% to 25,986.

NIFTY FUT CHART

NIFTY FUT 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 26000. If Nifty closes below that, further downside can be expected towards 25940-25870 mark.

* On the flip side 26220-26300 will act as strong resistance levels.

BANK NIFTY FUT CHART

BANK NIFTY FUT TECHNICAL OUTLOOK

* Bank Nifty is expected to open on a negative note and likely to witness range bound move during the day.

* Bank Nifty’s next immediate support is around 59440 levels on the downside and on a decisive close below expect a fall to 59140-58950.

* There is an immediate resistance at 59900-60100 levels.

TECHNICAL CALL UPDATES

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176