Bank Nifty`s next immediate support is around 45500 levels- Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/fb72121f804e6c0206ca6e557feebf77.png)
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 ended with upward trend on Wedneday. PSU banks, media and consumer durables shares rallied, while IT, auto and realty shares lagged. The S&P BSE Sensex, which serves as a barometer index, rose by 302.30 points or 0.45% to reach 67,097.44. The Nifty 50 index increased by 83.90 points or 0.42% to reach 19,833.15.
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 support at 19750. Any move below the same may extend the fall toward 19640-19550 mark. On the flip side 19900-20000 will act as strong resistance levels. It’s a stock specific market, trade calls with strict stop loss.
Action: Nifty has an immediate support placed at 19750 and on a decisive close below expect a fall to 19640-19550 levels.
Bank Nifty
Bank Nifty’s next immediate support is around 45500 levels on the downside and on a decisive close below expect a fall to 45240-45000. There is an immediate resistance at 46000-46270 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/DLF Ltd 31 oct.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Icici Prudential Life Insurance Comp Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MayhemStudios26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Bajaj Finance Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/deputychief.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/iphone20.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Balrampur Chini Mills Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IPO 6.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ashok Leyland.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)
![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)
![Daily Market Commentary : Nifty closed higher for the sixth straight day with gains of 93 points (+0.5%) at 19820 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/009b2b15289ce4f7e143526434c946d5.jpg)