The Nifty50 is likely to open flat on Thursday tracking muted handover from Wall Street. The Nifty50 closed 88 points higher at 9,884 on Wednesday. If the index sustains above 9880 then up move could be seen towards 9950 then 10020 while on the downside supports are seen at 9820 then 9775.
The Nifty50 futures on the Singapore Stock Exchange were trading 20 points lower at 9860 indicating a flat opening for the domestic market.
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Yesterday, the Nifty closed 88.35 points or 0.90 percent higher at 9,884.40. According to Pivot charts, the key support level for Nifty50 is placed at 9,853.65, followed by 9,822.9. If the index starts to move higher then key resistance levels to watch out are 9,912.3, followed by 9,940.2.
Nifty Bank closed 179.75 points lower or 0.74 percent at 24,308.70 on Wednesday. Important pivot level, which will act as crucial support for the index is placed at 24,238.63, followed by 24,168.57. On the upside, the key resistance level is 24,381.43 followed by 24,454.16.
The Nifty50 is likely to open flat on Thursday tracking muted handover from Wall Street. The Nifty50 closed 88 points higher at 9,884 on Wednesday. If the index sustains above 9880 then up move could be seen towards 9950 then 10020 while on the downside supports are seen at 9820 then 9775.
Nifty Bank closed 179.75 points lower or 0.74 percent at 24,308.70 on Wednesday. Important pivot level, which will act as crucial support for the index is placed at 24,238.63, followed by 24,168.57. On the upside, the key resistance level is 24,381.43 followed by 24,454.16.
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