Nifty has an immediate resistance placed at 18330 - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/d7f2ce664f41be84d4a0345adc75c7a5.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Market Review:
Indian markets had a flat closing on Tuesday. IT, auto, and pharma shares closed on a positive note, while PSU banks and realty shares saw a dip. The barometer index, the S&P BSE Sensex lost 2.92 points to 61,761.33. The Nifty 50 index added 1.55 points or 0.01% to 18,265.95.
Nifty Technical Outlook
Nifty is expected to open on a flattish note and likely to witness sideways move during the day. On technical grounds, Nifty has an immediate resistance at 18330. If nifty closes above that, further upside can be expected towards 18400-18500 mark. On the flip side 18200-18100 will act as strong support levels. It’s a stock specific market trade calls with strict stop loss.
Action: Nifty has an immediate resistance placed at 18330 and on a decisive close above expect a rise to 18400-18500 levels.
Bank Nifty
Bank Nifty faces an immediate resistance around 43440 levels on the upside and on a decisive close above expect a rise to 43700-44000. There is an immediate support at 43000-42740 levels.
Technical Call Updates
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
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
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indiateam57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/munishakhatwal57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/tatapower57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MP Ahammed.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Fintech Pre-budget expectation.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/uttarpradesh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyberpeace.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/11/6b6e5b6127cf0c13207bb3b4a97441d8.jpg)
Market is expected on flattish note and likely to witness profit booking during the day - Ni...
![Market Quote : The sheer speed with which the Sensex came back below 60K Says S Ranganathan, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/d3c19e83cd88def5b2122ed401a4b65a.jpg)
![Markets had a slightly weak start yesterday as indicated by the SGX Nifty - Angel Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/02/9e7534b709bb47f99b424fbd565a32fc.jpg)
![On the daily chart the index has formed a long Bullish candle forming higher High - Low formation indicating positive bias - Jainam Share Consultants](https://portfolio.investmentguruindia.com/uploads/news/jainam share consultant.jpg)