Nifty/Bank Nifty Technical Outlook: Trend Range (Wednesday, 27 July)-
The pre-opening session of the market begins with the Nifty and Sensex indicating a positive start today. Today the market is likely to open flat. The SGX Nifty is at 5578, up 1 point. SGX Nifty is trading higher than yesterday's closing.
Today morning, Asian markets are trading modestly lower . Yesterday`s rate sensitive sectors closed on a weak point . Yesterday Nifty was closed at 5574 and it is predicted that it will again in down trend today.
Top NSE Gainers were: Reliance, Tata Consultancy, Power grid,Wipro Ltd.
Resistance : Its first resistance level is at 5599 and above this level it could test the resistance level near the 5660 points.
Support : Its first support level is at 5537 and below this level it could have support level near 5476 points.
Bank Nifty Tips:
In banking, CNX Bank Index lost -277.25 points yesterday. Dhanalakshmi Bank, Yes Bank and Kotak Bank were the top banking indices.
Resistance : It has first resistance level near 11495 above this level the next resistance is seen near to the level of 11780.
Support : It has first support close to 11030 & below this level the next support is seen near 10975 marks.
Support : It has first support close to 11030 & below this level the next support is seen near 10975 marks.
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