Nifty has an immediate resistance placed at 20170 and on a decisive close above expect a rise to 20240-20300 levels - Nirmal Bang Ltd
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Market Review:
Indian markets ended marginal gains on Thursday amid volatility as the Nifty 50 closed . Profit-taking restricted gains, but sectors like metal and realty performed well. The S&P BSE Sensex added 52.01 points or 0.08% to 67,519. The Nifty 50 index gained 33.10 points or 0.16% to 20,103.10.
Nifty Technical Outlook
Nifty is expected to open on a flattish note and likely to witness sideways move during the day. On technical grounds, Nifty has an immediate resistance at 20170. If nifty closes above that, further upside can be expected towards 20240-20300 mark. On the flip side 20000-19000 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 20170 and on a decisive close above expect a rise to 20240-20300 levels.
Bank Nifty
Bank Nifty faces an immediate resistance around 46260 levels on the upside and on a decisive close above expect a rise to 46400-46600. There is an immediate support at 45920-45730 levels
Technical Call Updates
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