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MARKET REVIEW

* Equity benchmarks posted modest gains yesterday, breaking a four-day losing streak.

* The Nifty held above 26,000, supported by strength in IT and FMCG stocks.

* The S&P BSE Sensex, advanced 158.51 points or 0.19% to 85,265.32. The Nifty 50 index added 47.75 points or 0.18% to 26,033.75.

NIFTY FUT CHART

NIFTY FUT 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 support at 26100. If Nifty closes below that, further downside can be expected towards 26000-25940.

* On the flip side 26260-26340 will act as strong resistance levels.

BANK NIFTY FUT CHART

BANK NIFTY FUT TECHNICAL OUTLOOK

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

* Bank Nifty’s next immediate support is around 59450 levels on the downside and on a decisive close below expect a fall to 59220-59000.

* There is an immediate resistance at 59850-60000 levels.

TECHNICAL CALL UPDATES

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