According to technical Point, the key support level for the Nifty is placed at 11,123.77, followed by 11,085.33. If the index moves up, the key resistance levels to watch out for are 11,218.07 and 11,248.93.
Nifty Bank Analaysis Support is placed at 22,632.63, followed by 22,483.27. On the upside, key resistance levels are placed at 22,896.63 and 23,011.27.
Company Q1 Results:
Hindustan Unilever: Q1 profit at Rs 1,881 crore versus Rs 1,755 crore, revenue at Rs 10,560 crore versus Rs 10,114 crore YoY.
Axis Bank: Q1 profit at Rs 1,112.2 crore versus Rs 1,370.1 crore, net interest income (NII) at Rs 6,985.3 crore versus Rs 5,843.7 crore YoY.
Polycab India: Q1 profit at Rs 117.6 crore versus Rs 135.2 crore, revenue at Rs 976.6 crore versus Rs 1,951 crore YoY.
IndiaMART InterMESH: Q1 profit at Rs 74.1 crore versus Rs 32.4 crore, revenue at Rs 153.1 crore versus Rs 147.3 crore YoY.
Bajaj Finserv: Q1 profit at Rs 1,215 crore versus Rs 845.3 crore, revenue at Rs 14,190 crore versus Rs 12,272 crore YoY.
Hatsun Agro: Q1 profit at Rs 56.1 crore versus Rs 51.2 crore, revenue at Rs 1,279.3 crore versus Rs 1,423.2 crore YoY.