Nifty has an immediate support placed at 18000 - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/607d4a148642add8545d6199624ef5a6.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 settled with minor losses after a lackluster trading session on Wednesday. However, the tone was on the positive side amid firmness in select index majors. Auto, oil & gas and select PSU banks advanced while pharma and FMCG were subdued after last week's big up move. BSE Sensex slipped 17.15 points or 0.03% to 60,910.28. The Nifty 50 index lost 9.80 points or 0.05% to 18,122.50
Nifty Technical Outlook
Nifty is expected to open gap down and likely to witness rangebound move during the day. On technical grounds, Nifty has an immediate support at 18000. Any move below the same may extend the fall toward 17920/17900 mark. On the flip side 18100-18170 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 18000 and on a decisive close below expect a fall to 17920/17900 levels.
Bank Nifty
Bank Nifty Bank Nifty’s next immediate support is around 42640 levels on the downside and on a decisive close below expect a fall to 42500/42300 There is an immediate resistance at 43000/43200 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/2022/09/3b00582d9a78b93c8403ab3110a2b5a7.jpg)
Key gauges snap 7-day losing streak after RBI hikes repo rate
![The index is undergoing healthy retracement of past four session’s up move (16892-17640) - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/2dc045be80182c4e79e6c90a00d45346.jpg)
![Nifty started the September series with a strong rebound and gained nearly a percent - Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c1fec8dad75a04c533dcdd1a0bbe7171.jpg)
![Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam Share Consultant](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/d2332057825155581ba6d445fd4f3400.jpg)