Nifty have given close in the positive territory for the second consecutive session all thanks to some buying interest in the index heavyweights followed by good momentum in the mid and small cap stocks. The overall market sentiment have improved but the volatility is likely to persist due to Sensex monthly expiry today. The resistance for the index is around 25450-25500 on the higher side where good call writing is seen in the weekly Nifty expiry series. Bank Nifty has given good momentum in the last trade and surpassed the 20-DMA again on the daily charts. The overall momentum in the index has been good led by SBIN & ICICBANK from the lower levels. The trend of the index has become bullish after the last move with key support for the index placed around 58800-58900 where 100-DMA is placed. On the flip side, 59900-60000 is the psychological resistance for the day. Among the sectors – METAL & BANKING as looking good for the day while IT stocks may remain buy on dips candidates for the day. Results for the day:

ADANIPOWER

CANBK CONCOR DABUR DIXON HUDCO ITC NTPCGREEN

PAYTM

RECLTD SWIGGY TMCV VEDL

VOLTAS

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