IGI Logo

Market Review:

Indian markets witnessed another day of gains on Friday. Notable gains were witnessed in realty, media, and banking shares. The benchmark Sensex climbed 282.88 points or 0.44% to close at 64,363.78 , while the Nifty surged by 97.30 points or 0.51% to close at 19,230.60.

Nifty Technical Outlook

Nifty is expected to open gap up and likely to witness positive move during the day. On technical grounds, Nifty has an immediate resistance at 19340. If nifty closes above that, further upside can be expected towards 19400-19470 mark. On the flip side 19200-19140 will act as strong support levels. It’s a stock specific market trade calls with strict stop loss

Action: Nifty has an immediate resistance placed at 19340 and on a decisive close above expect a rise to 19400-19470 levels.

Bank Nifty

Bank Nifty faces an immediate resistance around 43600 levels on the upside and on a decisive close above expect a rise to 43690-43780. There is an immediate support at 43420-43340 levels.

Technical Call Updates

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx

SEBI Registration number is INH000001766