Nifty has an immediate resistance placed at 17700 - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/19f6ea3998c7a85bc7d7b542cfc87d51.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 consolidated and closed almost unchanged on Friday. The FMCG and IT sectors seemed to have a good day as they ended on a positive note. On the other hand, the realty, metal, and auto sectors were under pressure. TThe barometer index, the S&P BSE Sensex advanced 22.71 points or 0.04% to 59,655.06. The Nifty 50 index lost 0.40 points to 17,624.05.
Nifty Technical Outlook
Nifty is expected to open gap up and likely to witness positive move during the day. On technical grounds, Nifty has an immediate resistance at 17700. If nifty closes above that, further upside can be expected towards 17770-17840 mark. On the flip side 17550-17470 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 17700 and on a decisive close above expect a rise to 17770-17840 levels.
Bank Nifty
Bank Nifty faces an immediate resistance around 42370 levels on the upside and on a decisive close above expect a rise to 42650-43000. There is an immediate support at 41940-41740 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/2022/12/57daa8922c79f8ca5e67123b7f363a8b.jpg)
Morning Note : Market Update and Key Stocks 01 December 2022 By Asit C Mehta Investment
![Equity benchmarks extended gains over a third consecutive session backed by buoyant global cues - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/2fa4eff1afffe286471ca670d8c2ff02.jpg)
![Nifty plunged more than 3% in the week gone by, while in for the month of February - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/03/03b44e28da804d3ad6ad172c7d716858.jpg)
![Benchmark indian equity indices closed in red after touching record highs during day`s trade - Nirmal Bang](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/4fc9faa8d2a99d1bf09db7598adeede5.jpg)