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Good morning

Yesterday, the Nifty opened the day flat, retraced for the first few hours after which a strong move was displayed in the post noon session. However, the last hour of trade saw profit booking based on some statements released by Nato which erased all the gains to close the day at around the days low.

For today, the Nifty is expected to open flat with a positive bias on global cues. Strong and immediate support is now at 17250. Now till the time this support is held, the Nifty will make an attempt to test 17450 which is the next hurdle.

Further updates during live market hours on our Telegram channel.

For the Bank Nifty, immediate support is now at 37800. On the higher side the immediate resistance zone is at 38400 – 38500.

Wishing you a profitable day ahead!!!