Nifty has an immediate support placed at 19700 and on a decisive close below expect a fall to 19640-19580 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 experienced a rangebound session on Thursday. Among sectors, the auto, metal, and energy shares performed well, while IT majors experienced a decline. The S&P BSE Sensex declined 64.66 points or 0.10% to 66,408.39. The Nifty 50 index lost 17.35 points or 0.09% to 19,794.
Nifty Technical Outlook
Nifty is expected to open gap down and likely to witness selling pressure during the day. On technical grounds, Nifty has an immediate support at 19700. Any move below the same may extend the fall toward 19640-19580 mark. On the flip side 19830-19900 will act as strong resistance levels. It’s a stock specific market, trade calls with strict stop loss.
Action: Nifty has an immediate support placed at 19700 and on a decisive close below expect a fall to 19640-19580 levels.
Bank Nifty
Bank Nifty’s next immediate support is around 44600 levels on the downside and on a decisive close below expect a fall to 44520-44300. There is an immediate resistance at 44820-44900 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/Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Co. Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Mining Sector_438.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IPO 6.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/yes bank_78.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Couple_Tourism.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shiping_123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/real estate 25.01.2024.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Amara Raja Batteries Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Signature 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Amara Raja Batteries Ltd.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
Index is likely to open on a gap up note today and is likely to remain positive during the d...
![Nifty has an immediate resistance placed at 24270 and on a decisive close above expect a rise to 24340-24400 levels by Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![The Indian stock market benchmark indices ended with mild losses after hitting fresh record highs during the session by Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![Nifty is expected to open on a positive note and likely to witness range bound move during the day by Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
More News
![](https://portfolio.investmentguruindia.com//uploads/news/Tradebull Securities.jpg)
Nifty surpassed the consolidation range & registered a close above 19500 - Tradebulls Securi...
![Daily Market Analysis : Markets witnessed a roller coaster ride on Tuesday and ended almost flat Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _20.jpg)
![Nifty eventually broke below the 19600 support zone on the final day of the expiry as it succumbed to the negative crossover - Tradebulls Securities](https://portfolio.investmentguruindia.com/uploads/news/4e994bb2bd4858562e35b2e80a47d373.jpg)
![Nifty witnessed sharp follow-through decline on Monday and closed the day lower by 246 points - HDFC Securities](https://portfolio.investmentguruindia.com/uploads/news/HDFC Securities.jpg)