Outlook Of Nifty/bank nifty today

Nifty:

Nifty Outlook

Nifty seems positive in the beginning of September contract. For the day nifty opened@ 8609 and closed at 8649 where high was marked at 8669. We found interested buyers to pull the index price where the automobile sector was buyers pick. Tata motors gain the volume of more than 1Cr for the day. 8685 is the prior handle to break the opening of new highs


Bank Nifty:  
Bank Nifty gave a flat closing for the day. It formed a doji candle on daily frame. High was marked at 19431 and low was marked at 19182. As a factor of Doji we expect banking index to take a positive move tomorrow, which can head new highs for buyers. Where micro finance can be first choice.    

Nifty Trends
R1	8680
R2	8760
S1	8580
S2	8540

Technical Outlook

Nifty Day Performance
Open	8,609.90
High	8,669.80
Low	8,578.00
Close	8649.75

Top Gainers
ZEEL	532.30
TATAMOTORS	525.15
HEROMOTOCO	3413.00
RELIANCE	1059.30

Top Losers
HCLTECH	755.10
WIPRO	478.00
TECHM	450.05
LUPIN	1480.00