Today Nifty/Bank Nifty News Letter

Nifty Outlook

Index gave a good closing for December contract at 8104. Where a down pull was expected for today. Sustaining lower side on the prices of June 2016, overall trend of index price was in a down side for 2016. A positive recovery is expected for 2017 for coming days we can expect prices to reach till 8250 levels.

Bank Nifty:  

Bank Nifty Outlook

 Bank Nifty took a positive swing today with 153 points at 2016 closing. It opened at 17870 and made high of 18049, closed near to high at 18018. For the day Yesbank was the buyer’s choice in banking sector. We expect the prices to rise till 18250 in coming days. Where support fall at 17800.

Nifty Trends
R1	8180
R2	8250
S1	8040
S2	7960

Technical Outlook:

Nifty Day Performance
Open	8,028.00
High	8,109.00
Low	8,025.00
Close	8101.30

Top Gainers
GRASIM	843.15
YESBANK	1150.30
BPCL	635.05
EICHERMOT	21500.00

Top Losers
ADANIPORTS	264.10
SUNPHARMA	615.10
AUROPHARMA	646.15
INFY	990.00