Nifty has an immediate resistance placed at 15900 and on a decisive close above expect a rise to 16000-16080 levels - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/7637566419374803b3a0ecb914cae88b.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 ended with robust gains on Thursday. IT and metal shares rallied. Bargain hunting emerged after the Sensex and the Nifty corrected over 1.8% in the past three sessions. The barometer index, the S&P BSE Sensex, soared 638.70 points or 1.22% at 52,837.21. The Nifty 50 index added 191.95 points or 1.23% at 15,824.05.
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 15900. If nifty closes above that, further upside can be expected towards 16000-16080 mark. On the flip side 15750-15640 will act as strong support levels. It’s a stock specific market trade calls with strict stoploss.
Action: Nifty has an immediate resistance placed at 15900 and on a decisive close above expect a rise to 16000-16080 levels.
Bank Nifty
Bank Nifty faces an immediate resistance around 35000 levels on the upside and on a decisive close above expect a rise to 35240-35600. There is an immediate support at 34500-34300 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.
![](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)
![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)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/c0df908ab1816b1cc090cb142687abdc.jpg)
Market, after opening on a positive note amid weak global cues, turned volatile during the f...
![India VIX increased by 1.69% to close at 15.00 touching an intraday high of 15.20 - Nirmal Bang](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/d6fadde69affa5cbb35b657f1f24ef38.jpg)
![Index is expected to remain oscillating within the constrained range of 15840-15250 - Tradebull Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/4586b923b7219bf648b89ba46b369336.jpg)
![Pre-Market Wednesday Asian market negative trading, Nifty50 on the SGX were trading lower at 15756.80 -7.30 points - Enrich Commodities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/bc138b98eff26a1e9732d8fec1ce5330.jpg)