Nifty has an immediate support placed at 19770 and on a decisive close below expect a fall to 19700-19640 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 bounced back on Tuesday. Utilities, power, and energy stocks performed well, while capital good , realty, and auto shares struggled. The S&P BSE Sensex added 261.16 points or 0.39% to 66,428.09. The Nifty 50 index added 79.75 points or 0.40% to 19,811.50
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 support at 19770. Any move below the same may extend the fall toward 19700-19640 mark. On the flip side 19840-19900 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 19770 and on a decisive close below expect a fall to 19700-19640 levels.
Bank Nifty
Bank Nifty’s next immediate support is around 44370 levels on the downside and on a decisive close below expect a fall to 44240-44000. There is an immediate resistance at 44660-44830 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/Manhar Garegrat_po.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dilip Chenoy, Chairman, Bharat Web3 Association.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Titan Company_.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Statergy_03july.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/coal37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ashwini37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/pharma.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/AutoSec27Feb.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gas_11Feb.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/ICICI Direct IMAGE.jpg)
Nifty endured its northbound journey and clocked a fresh All Time high of 21006 post state e...
![](https://portfolio.investmentguruindia.com/uploads/news/kotak securities.jpg)
![Daily Market Analysis : It eventually settled closer to the day`s low at 21,150 levels Say`s Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![Post market comment by Mandar Bhojane, Research Analyst, Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker_88.jpg)