The benchmark Sensex and Nifty indices are likely to open flat on January 19 as trends in the GIFT Nifty indicate a muted start for the broader index with a gain of 7 points.

The equity benchmarks ended lower for the third straight day on January 18 despite a mid-session pull-back with bank and IT stocks coming under selling pressure amid weak global cues.At close, the Sensex was down 313.90 points or 0.44 percent to 71,186.86, and the Nifty was down 109.70 points or 0.51 percent to 21,462.30.

The pivot point calculator indicates that the Nifty is likely to take immediate support at 21,332, followed by 21,272, and 21,175 levels, while on the higher side, it may see an immediate resistance at 21,486, followed by 21,586 and 21,683 levels.#TradeNTell