Nifty predictions July 14: Index faces stiff resistance at 19,550; Bank Nifty likely to find support at 44,500

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Business News/ Markets / Stock Markets/Nifty predictions July 14: Index faces stiff resistance at 19,550; Bank Nifty likely to find support at 44,500. ..

The Indian equity market is likely to open higher tracking gains in global peers as cooling inflation in the US raised bets that the Federal Reserve will soon end its monetary policy tightening cycle...

Trends on GIFT Nifty also indicate a positive start for the Indian benchmark index..

We observe range bound action in the market around 19,500-19,300 levels in the last one week and the sideways movement is expected to continue for the short term," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities...

Meanwhile, Shetti believes any weakness below the immediate support of 19,300 could drag Nifty down to 19,200-19,100 levels in the near term..

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