IGI Logo

Market Review:

Indian markets experienced choppy trading Wednesday. Sectors painted a motley portrait - FMCG and pharma bounced back with grace, while realty and metal closed on a low note. the S&P BSE Sensex advanced 100.26 points or 0.15% to 65,880.52. The Nifty 50 index added 36.15 points or 0.18% to 19,611.05.

Nifty Technical Outlook

Nifty is expected to open on a negative note and likely to witness profit booking during the day. On technical grounds, Nifty has an immediate support at 19500. Any move below the same may extend the fall toward 19420-19350 mark. On the flip side 19680-19760 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 19500 and on a decisive close below expect a fall to 19420-19350 levels.

Bank Nifty

Bank Nifty’s immediate support is around 44490 levels on the downside and on a decisive close below expect a fall to 44330-44200. There is an immediate resistance at 44780-44910 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