The Equity benchmark Index Nifty is expected to open in a flat note in today’s trading session. Taking global market cues Index to remain under pressure as long as it trades below 9950. The Strong support for the Nifty is around 9886. Below 9886, next support is placed around 9840, On the other side Resistance for Nifty is placed at 9945 level break above this level Nifty strong Resistance is placed around at 9962 levels.
The Bank Nifty is also expected to open in a cautious note in today’s trading session. As of now Nifty need to Sustain above 24350 levels for Further up move towards 24499-24569 levels, On the Flip side sustaining below the same level may drag the Index towards 24290-24099 level in Today’s trading session.
Bank Nifty were down by 0.4%, Whlie Nifty Midcap fell by 0.7%. And 30 Shares in BSE Sensex were down by 122.54 points and 50 Shares in NSE fell by 41.55 points.
Some Buying activity in Teck indices and IT. While Healthcare indices and Metal are showing weakness on BSE.
Infosys, Aurobindo Pharma and Tech Mahindraare among the gainers, whereas, Eicher Motors, Tata Motors and Tata Motors DVR are losing on the NSE.