Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty broke the support and closed negative with 84 points sharp down side was seen in the initial hours but later prices sustained and closed at 8005. It had been consecutive five days for Index prices to give down side on continuous basis. Now we expect 7900 levels in coming days. 

Bank Nifty:  

Bank Nifty Outlook

 Bank nifty saw a down side of  174 points for the course of day and gave closing at 17934, where opening was marked at 18038 as nifty it had been five days when banking index had gone through new low day by day. Now the next support falls at 18770. For tomorrow we feel weakness in banking index as well as in banking stocks too.

Nifty Trends
R1	8040
R2	8160
S1	7900
S2	7820

Technical Outlook:

Nifty Day Performance
Open	8,054.10
High	8,066.95
Low	7,975.15
Close	7996.85

Top Gainers
ASIANPAINTS	872.65
ITC	227.70
TATAMOTORS	470.85
INFRATEL	337.55

Top Losers
HINDALCO	161.60
ADANIPORTS	263.80
ONGC	195.25
TATASTEEL	393.00