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Market to open gap up on Trump tax sops announcements Indian Market Outlook: Yesterday benchmark Index Nifty closed at 8778.40 after making low of 8724. and a high of 8821. The index took the support of its previous day low of 8715. Nifty’s immediate support is at 8686 (6-Day low) and resistance is at 8820 (previous day high).
Bank Nifty yesterday closed at 20151 after making a low of 20000. The immediate support for the index is at 19915 (6-Day low) and important resistance is at 20462 (4-day high).
Small cap index yesterday made new all-time high of 6705 and closed at 6653 after making low of 6617 taking the support of its 2-day low of 6582, The immediate support for the index is at 6582 (2-Day low). Nifty Future is opening at 8831 as per SGX Nifty at 8:50 am IST, 34 points above its previous close of 8797.
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