MENU

Published on 30/06/2020 8:56:53 AM | Source: Nirmal Bang Ltd

Bank Nifty faces an immediate resistance around 21410 levels on the upside - Nirmal Bang

Posted in Market Outlook| #Nirmal Bang Ltd #Market Outlook

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Market Review:

Indian markets ended with modest losses on Monday on the back of mixed global cues amid rising coronavirus cases. The ongoing IndoChina border tensions also weighed on the investors' sentiment. Weakness in banks and IT shares put pressure on bourses. The barometer S&P BSE Sensex declined209.75 points or 0.6% at 34,961.52. The Nifty 50 index fell 70.60 points or 0.68% at 10,312.40.

 

Nifty Technical Outlook

Nifty is expected to open on flattish note and likely to witness positive move during the day. On technical grounds, Nifty has an immediate resistance at 10360. Some pull back rally can be expected towards 10410-10500 mark. On the flip side 10240-10180 will act as strong support levels. It’s a stock specific market trade the calls with strict stoploss.

 

Action: Nifty has an immediate resistance placed at 10360 and on a decisive close above expect a rise to 10410-10500 levels.

 

 

Bank Nifty:

Bank Nifty faces an immediate resistance around 21410 levels on the upside and on a decisive close above expect a rise to 21600-22000. There is an Immediate support at 21000-20780 levels.

 

 

Technical call updates

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at https://investmentguruindia.com/Disclaimer/nirmal.html

SEBI Registration number is INH000001766

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer