Nifty has an immediate support placed at 19500 and on a decisive close below expect a fall to 19420-19350 levels - Nirmal Bang Ltd
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/68cdaf5835c7070e8cd0258308e8c807.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 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
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v89_Wex0B3E.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Zomato07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Goyal07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v38_zDiylqc.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Prashant Thakur ANAROCK Group.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v152_BhgJWbe.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.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/2023/05/d2359193d961329c11c805fafba6d42e.jpg)
The Markets are expected to open marginally lower today as trend in SGX nifty - ARETE Securi...
![Index is likely to open on a positive note today and is likely to remain rangebound during the day - Nirmal Bang](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/d59e3cfd058d9f63ffb6ee619e72347d.jpg)
![Bank Nifty started on a negative note however from there it showed signs of performance - Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/93f8533f016d9902205d89e69c480cee.jpg)
![Market Quote : Cues from both the global and domestic markets were subdued Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/1d76baf7c149a4ecdf1489027946d2fe.jpg)