Sensex, Nifty 50 likely to open higher tracking global cues

Editor’s Take: Anuj Singhal’s view of the market

Market: in a range

Three consecutive days of ranged trading

US markets are rising, but signals negative for India

Dollar, bond yields and crude oil are all up

RBI Policy This Week’s Key Guidance

Nifty will see some resistance to new highs

Short-term leadership will likely remain with IT

Handy Prospect

Today Nifty IT and Nifty bank can move differently

Nifty IT is likely to outperform Nifty Bank

First resistance zone: 18,650-18,700

Largest resistance zone: 18,700-18,800

First Support Zone: 18,450-18,500

Bank Handy Outlook

Bank Nifty faces headwinds at higher levels

First Supply Zone: 44.250-44.300

Largest supply area: 44,500-44,600

First Support Zone: 43,800-43,900

Largest Support Zone: 43,400-43,500