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Good morning

Yesterday, the Nifty opened the day flat with a positive gap, consolidated in the first half of the day and then extended the gains in the second half to close the day at the day high.

For today, the Nifty is expected to open with a positive bias on global cues. Strong and immediate resistance is now at 17350. Now, till the time this support is hold, the Bulls will rule. The next resistance is at 17600 – 17650.

Further updates during live market hours on our Telegram channel.

For the Bank Nifty, immediate support is now at 38350. On the higher side, the next resistance zone is at 38900 – 39000 which should be tested soon.

Wishing you a profitable day ahead!!!