Nifty:
Nifty Outlook
We saw a good buying in Nifty future in the first half of the session. But later things turned in opposite side and a sharp fall of 74 points was marked in last two hours. Since we are just two days away from the expiry of the July future contract so we expect this correction to be continued and looking the chart we can say this dip can go till 8520 where on upper side 8650 is a good break out.
Bank Nifty:
Bank Nifty took a little correction today and closed red on chart. We can feel a strong resistance at the handle of 19050. Index is getting a hard hit on the price of 19050. This resistance is like a hard top to get broken in July contract. We are expecting this correction to be continued till month of July and a fresh upside can be seen in the Aug contract. For tomorrow 18450 will be major support and 19050 as a resistance
Technical Outlook:
Nifty Outlook
We saw a good buying in Nifty future in the first half of the session. But later things turned in opposite side and a sharp fall of 74 points was marked in last two hours. Since we are just two days away from the expiry of the July future contract so we expect this correction to be continued and looking the chart we can say this dip can go till 8520 where on upper side 8650 is a good break out.
Bank Nifty:
Bank Nifty took a little correction today and closed red on chart. We can feel a strong resistance at the handle of 19050. Index is getting a hard hit on the price of 19050. This resistance is like a hard top to get broken in July contract. We are expecting this correction to be continued till month of July and a fresh upside can be seen in the Aug contract. For tomorrow 18450 will be major support and 19050 as a resistance
| Nifty Trends | |
| R1 | 8650 |
| R2 | 8690 |
| S1 | 8550 |
| S2 | 8500 |
Technical Outlook:
| Nifty Day Performance | |
| Open | 8,602.10 |
| High | 8,652.05 |
| Low | 8,576.55 |
| Close | 8592.85 |
| Top Gainers | |
| AXIS BANK | 552 |
| POWER GRID | 172.70 |
| YES BANK | 1199 |
| TATA STEEL | 367 |
| Top Losers | |
| DRREDDY | 3304 |
| ICIC BANK | 261 |
| HINDALCO | 131.65 |
| HERO MOTO CO | 3201 |
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