Daily Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook

Index took a down flip today as well and the down side still seems  to be continued in coming days. A little support falls on 8680 but we have a firm chance to see the prices falling to 8640 handle as a reason of gap. For the day BPCL was good for buyers who made some profit.

 Bank Nifty:  

Bank nifty gave a flat move for the day but in late hours prices dipped to 19406 which became the low of the day and got closing at 19483. On other  hand we got high at 19675. Looking on chart we expect the prices to take some pull till 19270 handle. For the day Bank Baroda was the main looser in the banking index.

 

Nifty Trends
R1	8850
R2	8900
S1	8700
S2	8600

Technical Outlook:

Nifty Day Performance
Open	8,797.00
High	8,815.00
Low	8,711.00
Close	8731.35

Top Gainers
BPCL	673.00
GAIL	414.60
GRASIN	1009.00
RELIANCE	1112.00

Top Losers
BANKBARODA	164.55
CIPLA	578.00
POWERGRID	177.80
M&M	1374.00