Nifty:
Nifty Outlook
Today also nifty traded in a range bound manner and closed near to resistance. We saw a green candle on chart. Contract of July is going to expire tomorrow. We found a tight range of 8665 to 8570. Positive move was seen in the last trading hour where nifty moved for 32 points. Overall it was a positive day before the expiry of July contract. We are expecting a little down side for tomorrow’s session. Here the major support will be at 8540 and the resistance will be at 8665
Bank Nifty:
Bank Nifty formed a Doji candle for the day which turned red at the end of the day. On the major frame we can see a triangle formation on the chart. Which indicates a little upside in prices for the coming trading session. Where we found today prices closed on resistance & the possibility of prices to move up increases more. On lower side 18850 is a important support and 19140 will be resistance for Bank Nifty.
Technical Outlook:
Nifty Outlook
Today also nifty traded in a range bound manner and closed near to resistance. We saw a green candle on chart. Contract of July is going to expire tomorrow. We found a tight range of 8665 to 8570. Positive move was seen in the last trading hour where nifty moved for 32 points. Overall it was a positive day before the expiry of July contract. We are expecting a little down side for tomorrow’s session. Here the major support will be at 8540 and the resistance will be at 8665
Bank Nifty:
Bank Nifty formed a Doji candle for the day which turned red at the end of the day. On the major frame we can see a triangle formation on the chart. Which indicates a little upside in prices for the coming trading session. Where we found today prices closed on resistance & the possibility of prices to move up increases more. On lower side 18850 is a important support and 19140 will be resistance for Bank Nifty.
| Nifty Trends | |
| R1 | 8680 |
| R2 | 8720 |
| S1 | 8600 |
| S2 | 8540 |
Technical Outlook:
| Nifty Day Performance | |
| Open | 8,625.50 |
| High | 8,667.90 |
| Low | 8,615.05 |
| Close | 8661.85 |
| Top Gainers | |
| ASIANPAINTS | 1125 |
| INFRATEL | 400 |
| MARUTI | 4759 |
| EICHERMOT | 21170 |
| Top Losers | |
| AUROPHARMA | 779.50 |
| IDEA | 104.80 |
| ADANIPORTS | 225.50 |
| TATASTEEL | 350.30 |
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