Nifty has an immediate resistance placed at 19600 and on a decisive close above expect a rise to 19670-19750 levels - Nirmal Bang Ltd
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Market Review:
Indian markets one-hour Muhurat trading session led to substantial gains in benchmark indices. The S&P BSE Sensex climbed 354.77 points or 0.55% to 65,259.45. The Nifty 50 index added 100.20 points or 0.52% to 19,525.55.
Nifty Technical Outlook
Nifty is expected to open on a flattish note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate resistance at 19600. If nifty closes above that, further upside can be expected towards 19670-19750 mark. On the flip side 19470-19400 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 19600 and on a decisive close above expect a rise to 19670-19750 levels.
Bank Nifty
Bank Nifty faces an immediate resistance around 44180 levels on the upside and on a decisive close above expect a rise to 44300-44500. There is an immediate support at 43900-43770 levels.
Technical Call Updates
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