IGI Logo

Market Review:

Indian markets ended lower on Thursday. The consumer durables, realty and IT shares performed well, while PSU banks, energy and FMCG shares faced pressure. The S&P BSE Sensex slipped 255.84 points or 0.39% to 64,831.41. The Nifty 50 index lost 93.65 points or 0.48% to 19,253.80.

Nifty Technical Outlook

Nifty is expected to open flattish note and likely to witness sideways move during the day. On technical grounds, Nifty has an immediate support at 19170. Any move below the same may extend the fall toward 19100-19000 mark. On the flip side 19330-19400 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 19170 and on a decisive close below expect a fall to 19100-19000 levels.

Bank Nifty

Bank Nifty’s next immediate support is around 43740 levels on the downside and on a decisive close below expect a fall to 43500-43270. There is an immediate resistance at 44170-44400 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