The Sensex traded in a range of 242 points and Nifty 50 index touched an intraday high of 17,663.20 and low of 17,589.05.
The Indian equity benchmarks were trading on a flat note on Friday as losses in HDFC Bank, Larsen & Toubro, Tata Steel, Tech Mahindra, Maruti Suzuki and State Bank of India were offset with gains in ICICI Bank, Infosys, HCL Technologies, Kotak Mahindra Bank and Tata Consultancy Services. The Sensex traded in a range of 242 points and Nifty 50 index touched an intraday high of 17,663.20 and low of 17,589.05.
Nifty: On technical grounds, Nifty has an immediate support at 17,550. Any move below the same may extend the fall toward 17,470-17,400 mark. On the flip side 17,700-17,770 will act as strong resistance levels.
Bank Nifty: Bank Nifty’s next immediate support is around 42,000 levels on the downside and on a decisive close below 42,000 expect it to fall to 41,770-41,500. There is an immediate resistance at 42,500-42,740 levels.
Glenmark Pharma: Nirmal Bang's technical research analyst Ayush Mehta has recommended buying Glenmark Pharma above Rs 516 for target price of Rs 540 with stop loss at Rs 504.
Navin Fluoroline: Nirmal Bang's technical research analyst Ayush Mehta has recommended buying Navin Fluoroline above Rs 4,710 for target price of Rs 4,820 with stop loss at Rs 4,659.
Coromandel International: Nirmal Bang's technical research analyst Ayush Mehta has recommended buying Coromandel International above Rs 930 for target of Rs 944 with stop loss at Rs 914.
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