RA Arjit Garg – Market Outlook for Wednesday

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Expect markets to remain under-pressure with negative bias tomorrow.

  • USD INR at all time low, close to 97 at ₹96.82
  • US Markets in red. Nasdaq down 0.41%, Dow Jones down 0.28%, S&P 500 down 0.27%.
  • Brent Crude above ₹110/ba.
  • Fresh warnings from US in the US-Iran War.

Important Levels to watch:

  1. Nifty
    1. Resistance: ₹23800 – ₹23850
    2. Support: ₹23300 – ₹23500
  2. Sensex
    1. Resistance: ₹75,685 – ₹75965
    2. Support: ₹74,332 – ₹74640
  3. Bank Nifty
    1. Resistance: ₹53,700 – ₹54000
    2. Support: ₹52,666 – ₹52869