The Nifty settled above the 25,070 mark, led by buying in IT, healthcare, and private bank stocks - Nirmal Bang Ltd
Market Review:
Indian benchmark ended with strong gains on Monday as investors tracked quarterly business updates from corporates. The Nifty settled above the 25,070 mark, led by buying in IT, healthcare, and private bank stocks. The S&P BSE Sensex jumped 582.95 points or 0.72% to 81,790.12. The Nifty 50 index gained 183.40 points or 0.74% to 25,077.65
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 25150. If Nifty closes above that, further upside can be expected towards 25230-25300 mark. On the flip side 24940-24800 will act as strong support levels.
Action: Nifty has an immediate Resistance at 25150 and on a decisive close above expect a rise to 25230-25300 levels.
Bank Nifty
Bank Nifty’s next immediate resistance is around 56480 levels on the upside and on a decisive close above expect a rise to 56650-56900. There is an immediate support at 56000-55740 levels.
Technical Call Updates
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