Nifty has an immediate resistance placed at 19340 and on a decisive close above expect a rise to 19400-19470 levels - Nirmal Bang Ltd
![](https://portfolio.investmentguruindia.com//uploads/news/Nirmal bang.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 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
![](https://portfolio.investmentguruindia.com/uploads/news/Hero Motocorp Ltd 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/TVS Motor Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dr Lal Pathlabs ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Sapphire Foods india Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HG Infra Engineering Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Russia30.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Equity6.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Swiggy30.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Transport Corporation of India Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Repco Home Finance.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd
![Nifty opened with an upward gap but witnessed selling pressure from the opening tick - Axis Securities](https://portfolio.investmentguruindia.com/uploads/news/88334f06f280e78c65a2d7324ecad939.jpg)
![Market is expected to open gap up and likely to witness positive move during the day - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com//uploads/news/Nirmal bang.jpg)
![Daily Market Analysis : Markets extended loss for the second consecutive session and shed over half a percent Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/0ad5cb5e5a78964ff1e620556a37644b.jpg)