The Nifty 50 index lost 90.65 points or 0.41% to 22,122.05 - 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 extended losses on Monday, dragged by select heavyweight stocks. With demand evident in oil & gas, autos, and realty shares, while IT and metals shares declined. The S&P BSE Sensex slipped 352.67 points or 0.48% to 72,790.13. The Nifty 50 index lost 90.65 points or 0.41% to 22,122.05.
Nifty Technical Outlook
Nifty is expected to open on flattish note and likely to witness sideways move during the day. On technical grounds, Nifty has an immediate support at 22000. If nifty closes below that, further downside can be expected towards 21900-21840 mark. On the flip side 22200-22300 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 22000 and on a decisive close below expect a fall to 21900-21840 levels.
Bank Nifty
Bank Nifty’s next immediate support is around 46440 levels on the downside and on a decisive close below expect a fall to 46280-46000. There is an immediate resistance at 46850-47100 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/kotak securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/TechMahindra23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/powersector25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/fsdkfjeljweoir.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalasitharaman230717.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_9477.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/global29.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar 30.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/UnionBudget2024_25 (nirmal bang).jpg)
Union Budget 2024-25 by Nirmal Bang Ltd
![Market is expected to open gap down note and likely to witness selling pressure during the day - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![Nifty has an immediate support placed at 24240 and on a decisive close below expect a fall to 24140-24070 levels - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![Index is likely to open on a gap down note today and is likely to remain negative during the day - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
Nifty traded volatile and ended almost unchanged, taking a breather after the recent surge -...
![Banking index remained under pressure and closed with almost one percent cut - Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![Bank Nifty closed at 47020 on 21st February, with a loss of 75 points - Axis Securities Ltd](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![Earlier during the week we saw sharp decline from the resistance zone around 19840 as it lacked the necessary strength to surpass the hurdle - Tradebulls Securities Ltd](https://portfolio.investmentguruindia.com//uploads/news/Tradebulls Securities Ltd.jpg)