Nifty has an immediate resistance placed at 19500 and on a decisive close above expect a rise to 19570-19680 levels - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/4dfc0d46e922d8008d53c5796dce225d.jpg)
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Market Review:
Indian markets trimmed gains after scaling record high levels on Thursday. Trading was volatile due to expiry of weekly index options on the NSE. IT and realty shares rallies, while PSU banks and media shares tumbled. The S&P BSE Sensex gained 164.99 points or 0.25% to 65,558.89. The Nifty 50 index added 29.45 points or 0.15% to 19,413.75.
Nifty Technical Outlook :
Nifty is expected to open positive and likely to witness volatile move during the day. On technical grounds, Nifty has an immediate resistance at 19500. If nifty closes above that, further upside can be expected towards 19570-19680 mark. On the flip side 19300-19180 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 19500 and on a decisive close above expect a rise to 19570-19680 levels.
Bank Nifty
Bank Nifty faces an immediate resistance around 45030 levels on the upside and on a decisive close above expect a rise to 45280-45450. There is an immediate support at 44630-44470levels.
Technical Call Updates
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