Nifty has an immediate resistance placed at 22100 and on a decisive close above expect a rise to 22170-22240 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 market ended with decent gains on Friday, rising for the fourth day in a row. Auto, IT and pharma shares were in demand, while oil & gas, PSU banks declined. The S&P BSE Sensex advanced 376.26 points or 0.52% to 72,426.64. The Nifty 50 index added 129.95 points or 0.59% to 22,040.70.
Nifty Technical Outlook
Nifty is expected to open on a positive note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate resistance at 22100. If nifty closes above that, further upside can be expected towards 22170-22240 mark. On the flip side 21980-21900 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 22100 and on a decisive close above expect a rise to 22170-22240 levels.
Bank Nifty
Bank Nifty faces an immediate resistance around 46700 levels on the upside and on a decisive close above expect a rise to 47000-47400 There is an immediate support at 46170-45870 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/Stylam Industries Ltd..jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IBM299.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/startup.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/State Bank of India Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/saas.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tata Motors Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Bank of Baroda Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/timkenindia.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/World29.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/laptop29.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/jainam share consultant.jpg)
Nifty opened with an downward gap but witnessed buy ing from the opening tick to end positiv...
![Sold Stock Options to the tune of 991 Cr - Axis Securities Ltd](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![Daily market commentary : Nifty traded sideways for the most part of the session says Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)
![Morning market Quote : The super Monday which delivered a 418 point rally in the Nifty Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Broker _18.jpg)