Good morning, Friends!
I hope you're doing well. #NIFTY50 & #NIFTYBANK showed good recovery yesterday and closed on a strong note. Momentum is strong and expected to continue.
However, overnight global market faced some selling pressure and indicating a Flat to Negative opening. This shouldn't be a concern as of now as long as we hold 17200 DCB which if broken can again lead to sub 17000 levels. Above 17450, expect 17550/17700+ levels soon.
For Intraday, immediate resistance is placed at 17420 and support at 17340. Create positions accordingly especially when we've weekend ahead.
Sector in Focus: IT, Power & Auto
Wishing you a profitable day ahead.
Yours, @NIKHILMAHESHWARI