The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 93 points gain.
The BSE Sensex rallied 2,314.84 points or 5 percent to 48,600.61 on February 1 after weakness seen in the previous six consecutive sessions, while the Nifty50 climbed 646.60 points or 4.74 percent to 14,281.20.
According to pivot charts, the key support levels for the Nifty are placed at 13,849.9, followed by 13,418.6. If the index moves up, the key resistance levels to watch out for are 14,524.4 and 14,767.6.
As per the projection, Nifty to see further upmove backed by banking stocks. The levels could be around 15000- 151000
BankNifty is projected towards 34000- 37000 as per trendline projections