Nifty Outlook for 19 Apr 2023

Nifty Outlook for 19 Apr 2023
Nifty Outlook for 19 Apr 2023

by 5paisa Research Team Last Updated: Apr 19, 2023 - 11:02 am 1.5k Views
Listen icon

Nifty as well as the Bank Nifty index consolidated within its previous day’s range in Tuesday’s session. However, the broader markets continued to do well and amidst stock specific action, Nifty ended the day tad above 17650 with a minor loss of a quarter of a percent while the Bank Nifty index ended on a flat note.

Nifty Today:


Post the recent sharp run up, the Nifty index has seen some cool-off and has seen consolidation in last couple of trading sessions. However, the broader markets have continued to well which can seen from the Nifty Midcap Index which continued to move higher and outperformed the benchmark. Pharma stocks too witnessed buying interest and continued its upmove. Since we are not witnessing any broader market sell-off, the consolidation of last two days just seems to a time-wise correction within a short term uptrend as the momentum readings were overbought post the recent run up. Hence, we continue with our optimistic view on the index and advise a ‘Buy on dip’ approach on the index.


Nifty consolidated post recent run up, midcaps continued momentum

Nifty consolidated post recent run up, midcaps continued momentum


For Nifty, the immediate support is placed around 17570 followed by 17500-17480 range. On the higher side, 17770 will be the resistance to watch above which, the index could head towards the 18000 mark.


Nifty, Bank Nifty Levels and FINNIFTY Levels:


Nifty Levels

Bank Nifty Levels

           FINNIFTY Levels 

Support 1




Support 2




Resistance 1




Resistance 2




How do you rate this blog?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.India consu
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Market Outlook for 23 April 2024

Nifty started the week on a positive note above 22300 mark. The index consolidated within a range throughout the day and ended around its day’s high above 22350 with gains of a percent. Nifty Today:

Market Outlook for 22 April 2024

Our markets corrected sharply in the week gone by mainly due to uncertainty over global geopolitical tensions and selling by the FIIs which resulted in the index breaking the 22000 mark. However, we witnessed recovery from the low of 21780 in the last trading session and Nifty ended around 22150 with a weekly loss of over one and a half percent.

Stock in Action - Escorts Kubota Ltd

Escorts Kubota Stock Movement of Day