Today Nifty Market Review & Outlook By Money CapitalHeight

Today Nifty Market Review :

The market may open higher on firm Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 24.50 points at the opening bell.The Nifty is all set to extend overnight gains and open on a positive note on Tuesday taking cues from global peers.

    At 07:50 a.m.; the SGX Nifty is at 5945, up 25 points. 

             The Nifty broke out of the narrow range yesterday and surged higher to close above 5,900 mark led by gains in FMCG, realty, power and technology sectors. The 50-share index ended at 5,904.10, up 32.65 points or 0.56 per cent.

The market is likely to consolidate after a positive start and await the Reserve Bank of India's policy meet for cues on rate cut. 

Today Nifty & Bank Nifty Outlook :

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 5845

SUPP 2: 5755

RES 1: 5955

RES 2: 6030

BANK NIFTY TREND - CONSOLIDATE

BANK NIFTY FUTURE LEVELS

SUPP 1: 12335

SUPP 2: 12060

RES 1: 12830

RES 2: 13100

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