Technical: Indices made green candle indicating limited downside.
Global sentiment: Strong
Dollar Index strong at 103.18
Crude: Cooling off to $75.24
Fund Flow: FII continue to hold Short Index positions which can later result in short-covering. DIIs bought most part of FII Selling in Cash.
Industries: IT, PSE, Metal & Mining, Pharma & chemical
Watchout: Market is likely to build strength with a SL of Yesterday Low of 25017.
Nifty 50 resistance 25252, 25328
Nifty 50 support 24165, 25043
Nifty Bank resistance 52305, 52625
Nifty Bank support 52215, 52066
Strategy: Add to the portfolio on Lows.