Sensex loses 48.73 points to close at 19519.4 - Nirmal Bang

Indian equity traded in a choppy trading session with a very narrow range. After a gap down opening due to negative global cues, The market manages to pair all of its losses lead by the banking stocks & realty stocks. At the close, the benchmark 30-share index, BSE Sensex lost -48.73 points or -0.25% at 19519.4 meanwhile, the broad based NSE Nifty went down by -2.45 or -0.04% at 5,904.

Nifty Technical Outlook

Nifty has held the crucial support of 5,880 levels for couple of trading session and on a decisive close above 5,960 and one can expect a short bounce to 6,020-6,040 where one can expect profit booking to continue at higher levels.

Action: Nifty has an immediate resistance at 5,960 levels and decisive close below expect rise to 6,020 levels.

The Bank Nifty faces immediate resistance around the 12,430 levels on the upside and on a decisive close above expect rise to 12,560 & 12,600 levels. There is an Immediate Support at 12,250 levels on the downside.

Source : Equity Bulls

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