Nifty has an immediate resistance placed at 17970 - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/01/fedbe0a0257dcd72179ddbcd11b16cb8.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 deep losses on Tuesday. Traders worry that higher interest rates could tip the economy into a recession. The S&P BSE Sensex tumbled 631.83 points or 1.04% to 60,115.48. The Nifty 50 index lost 187.05 points or 1.03% to 17,914.15
Nifty Technical Outlook
Nifty is expected to open on a positive note and likely to witness up move during the day. On technical grounds, Nifty has an immediate resistance at 17970. If nifty closes above that, further upside can be expected towards 18070-18240 mark. On the flip side 17800-17690 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 17970 and on a decisive close above expect a rise to 18070-18240 levels.
Bank Nifty
Bank Nifty faces an immediate resistance around 42340 levels on the upside and on a decisive close above expect a rise to 42660-43100 There is an immediate support at 41890-41560 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/jainam share consultant.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Economic26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/OpenAI26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/rbi.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Industry_123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gold.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/arete securities.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/uploads/news/Broker _15.jpg)
Daily Market Commentary : Key event to watch - US Job opening data to be released late today...
![Morning Nifty, Derivative and Rupee Comments as of 19 December 2022 By Anand James, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/c94a817098aebfb64a4f5970b673863b.jpg)
![Daily Market Analysis : Nifty has finally crossed the hurdle at 19,650 Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/669d30cf67fb5bc5932ab4a825d93232.jpg)
![Nifty opened with a downward gap and witnessed pullback rally at lower levels - Jainam Share Consultant](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/f3726e0ac624e8dd01faa6b8cdf1c682.jpg)