Nifty has an immediate resistance placed at 23100 and on a decisive close above expect a rise to 23170-23240 levels - Nirmal Bang Ltd
Market Review:
Indian market closed with minimal change on Thursday. While sectors like pharma and healthcare showed resilience, others such as IT and public sector banks faced selling pressure. The S&P BSE Sensex, declined 32.11 points or 0.04% to 76,138.97. The Nifty 50 index lost 13.85 points or 0.06% to 23,031.40.
Nifty Technical Outlook
Nifty is expected to open on a gap up note and likely to witness positive move during the day. On technical grounds, Nifty has an immediate resistance at 23100. If nifty closes above that, further upside can be expected towards 23170-23240 mark. On the flip side 22940-22870 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 23100 and on a decisive close above expect a rise to 23170-23240 levels.
Bank Nifty
Bank Nifty faces an immediate resistance around 49770 levels on the upside and on a decisive close above expect a rise to 50000- 50270.There is an immediate support at 49340-49000 levels.
Technical Call Updates
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Market is expected to open on a positive note and likely to witness positive move during the...
