Nifty has fallen below the key support level of 16800 which led to sharp selling pressure in the market - Swastika Investmart
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/05/38f9da13fd1810bd682d39169c0c0fd3.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
Technical Outlook:
Nifty (Spot):
Nifty has fallen below the key support level of 16800 which led to sharp selling pressure in the market however 16200-16000 is an immediate demand zone where we can expect some pullback while below the 16000 level, 15700/15500 will be the next support levels. On the upside, 16650-16700 will act as an immediate supply zone while 16900-17000 will be the next resistance area.
Bank nifty (Spot):
Banknifty has also slipped below the psychological level of 35000 where 34000 is an immediate and strong support level while 33500 will be the next support level. On the upside, 35350-35500 is an immediate resistance zone while 36000 will be the next hurdle.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732
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/FMCG4.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Finance_Sinduja.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nayka22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_498.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/BCPL Railway Infrastructure.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nazara Tech.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Cotton Report.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/solar8.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Railways_54.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Spices Outlook.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)
![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)
![Daily Market Commentary : Nifty closed higher for the sixth straight day with gains of 93 points (+0.5%) at 19820 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/009b2b15289ce4f7e143526434c946d5.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities.jpg)
Nifty opened on a flat note and remained in a small range throughout the day - Axis Securiti...
![Its trend strength indicators have started to decline as RSI falls below its trigger line to slide further towards 55 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/715d585106f72cf28f1ed9bdb610eeb6.jpg)
![Market is expected to open gap up and likely to witness positive move during the day - Nirmal Bang](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/7529aab70e9a17dff5e1821faa0ff740.jpg)
![The Nifty started the week on a positive note and approached near our earmarked target of 16600 - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/08/b389023146f5f28e5a6ac648babc10de.jpg)