Description

Global Market Update:
Dow jones closed positive side 

Indian Market Update:
Expected to open positive side since the SGX nifty is trading at positive side and expect the market to be in bullish side. Nifty showed some selling pressure at closing time gap up should hold in nifty to continue the uptrend.

Standard Support and Resistance for Index

Nifty
Support 1 - 18380 - 18390
Support 2 - 18280 - 18390
Resistance 1 - 18450 - 18460
Resistance 2 - 18480 - 18490

Bank Nifty 
Support 1 - 44150 - 44160
Support 2 - 43950 - 43960
Resistance 1 - 44260 - 44270
Resistance 2 - 44450 - 44460

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