Daily Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook

Nifty started well for the day and gave a good opening but later when we got the news update for Surgical Strikes attack on Pakistan where Index and stocks just hit the bottom and bottom and for the day it was the next big fall after 21st July. We found no way to get recover from the dips. Where nifty hit the low of 8562 and down fall of 170 points was marked. Sitting on the support we believe the prices to dip more for 8400 handle 

 Bank Nifty:  

Pakistan attack news dropped the Banking Index for 532 points. And for the expiry we ended red and at 19159 for the day we got a rush of sellers after the news release and the same happen into the Karachi Stock Market as well. As it was a bad day for Stock Market and we hope to get recover from all this mess as soon as possible for the time being we can see Banking index to hit at 18500 in the heat remain same for War.

Nifty Trends
R1	8650
R2	8300
S1	8450
S2	8300

Technical Outlook:

Nifty Day Performance
Open	8,801.25
High	8,801.95
Low	8,562.05
Close	8588.35

Top Gainers
INFRATEL	375.40
TCS	2437.00
COALINDIA	329.90

Top Losers
BHEL	133.50
AUROPHARMA	831.45
HINDALCO	150.45
ADANIPORTS	260.00