Nifty has an immediate support placed at 19330 and on a decisive close below expect a fall to 19240-19170 levels - Nirmal Bang Ltd
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/01cc0f127648dc0445a06f36ece4d9da.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 closed nearly unchanged on Tuesday. The upward momentum of Indian equities was affected by concerns over global uncertainties. Sectors focused on exports, such as IT and pharma, witnessed selling, while power and capital goods stocks gained traction. The S&P BSE Sensex rose 3.94 points or 0.01% to 65,220.03. The Nifty 50 index advanced 2.85 points or 0.01% to 19,396.45
Nifty Technical Outlook
Nifty is expected to open with on flattish note and is likely to remain rangebound during the day. On technical grounds, Nifty ia taking a support of 50- DMA i.e . 19330 mark. Any move below the same may extend the fall toward 19240-19170 mark. On the flip side 19440 will act as strong resistance level above that 19520/19600 may be seen. It’s a stock specific market, trade calls with strict stop loss.
Action: Nifty has an immediate support placed at 19330 and on a decisive close below expect a fall to 19240-19170 levels..
Bank Nifty
Bank Nifty’s next immediate support is around 44020 levels on the downside and on a decisive close below expect a fall to 43940/43840. There is an immediate resistance at 44170/44260 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/IndiGo 01.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/DGFT.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget2024 07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/23 TATA Power.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/iphone26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/CMS Info Systems.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock28.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)