Stock Market Live: Sensex, Nifty 50 likely to open higher tracking global cues

Editor’s Take: Anuj Singhal’s View On Market

Market: In a range

Three back to back days of ranged trading

US markets surge but cues negative for India

Dollar, Bond yields and Crude all have gone up

RBI policy this week most important cue

Nifty will see some resistance towards new highs

Near-term leadership likely to remain with IT

Nifty Outlook

Today, Nifty IT and Nifty bank may move differently

Nifty IT likely to outperform Nifty Bank

First resistance zone: 18,650-18,700

Biggest resistance zone: 18,700-18,800

First support zone: 18,450-18,500

Bank Nifty Outlook

Bank Nifty faces headwinds at higher levels

First supply zone: 44,250-44,300

Biggest supply zone: 44,500-44,600

First support zone: 43,800-43,900

Biggest support zone: 43,400-43,500