On the other hand, Bank nifty has support at 36200 levels while resistance at 37400 levels. At present, the index is having support at 17180 levels while resistance is placed at 17600 levels. On an hourly chart, the nifty index also sustained above 200-HMA, which suggest a positive side move. In addition, a momentum indicator RSI (14) & Stochastic witnessed a positive crossover, which supports the immediate trend. Moreover, the index has moved above 100-days Exponential Moving Averages that indicates a bullish strength for the coming day. GUESS List members can redeem points for cash rewards, and access their digital card. Pair the app with our GUESS List loyalty program to get the VIP treatment and earn bonus points. Enjoy 15 Off and Free Shipping on your first in-app purchase.

Technically, the nifty index has confirmed the breakout of Bullish Harami Candlestick pattern on the daily chart that suggests a reversal move in the index. The GUESS Factory app offers you exclusive rewards and a shopping experience customized just for you. On the derivatives front, the highest call OI is at 18000 strike price followed by 17500 strike prices while on the put side, highest OI is at 17000 strike price followed by 17200 strike prices. On the stock front, EICHERMOTORS, M&M & MARUTI COALINDIA, ADANIPORTS were the top gainers while CIPLA, HINDALCO, NESTLE & TATASTEEL were the prime laggards for the day. BSE Smallcap & Midcap index have contributed 1.2% gains. All the sectoral indices ended at green note, Nifty Auto inched up by 2% followed by Nifty IT, INFRA and ENERGY added more than 1% gains. The nifty50 opened gap up and continued the upward trend for the day, gaining by 1.5% to close at 17392.60 levels while Banknifty reported 1.38% gains in a day to settle at 36816.10 levels. The benchmark index extended the rally consecutively for the second day in a row.

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