Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Performing on the same handles nifty just lift the prices little up compared to the previous week. Overall it was just a flat performance and it becomes difficult to judge the move of index in coming week. For the day it was a big downfall on Friday where nifty closed at 8843 down by 42 points. Expecting it to come till 8800 where on daily frame it’s a slow upside which can head to 8950 in coming week. 

 Bank Nifty:  

Bank Nifty gave a neutral move for the day. It seems to be in a tight range where prices are bounded  in bracket of 19900 to 20055. We expect a big move in coming days as a result of this long consolidation. Where prices can lift up for the handle of 20200 and  20500. For the day we got Doji candle on chart which can result a green candle in tomorrow’s trading session.   

Nifty Trends
R1	8900
R2	8960
S1	8845
S2	8780

Technical Outlook:

Nifty Day Performance
Open	8,885.25
High	8,889.35
Low	8,830.10
Close	8843.65

Top Gainers
RELIANCE	1101.60
DRREDDY	3180.00
TCS	2400.00
HCLTECH	795.00

Top Losers
AXISBANK	590.10
ACC	1613.25
AMBUJACEM	258.20
LUPIN	1487.10