Nifty has an immediate Support at 24900 and on a decisive close below expect a fall to 24840-24770 levels - Nirmal Bang Ltd
Market Review:
Indian market closed with modest gains yesterday, marking their fourth consecutive session of gains. The Nifty ended above the 24,950 level, driven by strength in energy and FMCG stocks. The S&P BSE Sensex rallied 370.64 points or 0.46% to 81,644.39. The Nifty 50 index added 103.70 points or 0.42% to 24,980.65.
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 support at 24900. If Nifty closes below that, further downside can be expected towards 24840-24770 mark. On the flip side 25040-25100 will act as strong resistance levels.
Action: Nifty has an immediate Support at 24900 and on a decisive close below expect a fall to 24840-24770 levels.
Bank Nifty
Bank Nifty’s next immediate support is around 55740 levels on the downside and on a decisive close below expect a fall to 55500-55240. There is an immediate resistance at 56240-56570 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...
