Wednesday 26 October 2016

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty closed red, where traded down for the day. Index touched high of 8715 and closed down by 19 points at 8700 where the low was marked at 8661. As the expiry of Oct contract is coming close we are unable to see any good moves on chart. For coming days we expect prices to be in a tight range.
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Bank Nifty:  

Bank Nifty Outlook

Banking sector gave a break to the rising prices. Down side was marked at 19710. Where prices rose to 19905 and closed at 19844. For the course of day we still look upside with bank nifty to give a profit booking for buyers. As the October contract is about to expire on this Thursday we can have some unexpected moves in prices as well.

Nifty Trends

   R18750
R28880
S18600
S28550

Technical Outlook:

Nifty Day Performance

   Open8,715.60
High8,715.60
Low8,661.00
Close8700.35

Top Gainers

ADANIPORTS310.65
DRREDDY3198.00
INFRATEL378.85
ASIANPAINT1153.15

Top Losers

TATASTEEL414.75
M&M1304.00
IDEA75.20
GAIL435.00

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