Nifty:
Nifty Outlook
Nifty
prices fell today after a long consolidation on day frame. Buyers were
badly dominated by sellers in the couple of hours at the market opening,
later a decent recovery took place and prices closed at 8805, a little
correction can be seen in coming day as prices are settled at high node
from a long time, we can see prices breaching at 8670 in coming day with
a major resistance at 8850.
Bank Nifty:
Bank Nifty Outlook
Bank
Nifty opened at 20455 and took a dip till 20055, this was a sharp fall
where prices just took an hour to get discounted. Rather all the day it
was a little recovery for this long downside & Banking Index closed
at 20225. Banking stocks were also jaw down over all first half of the
day was for sellers. We expect some down side for tomorrow in bank nifty
which can head to 20000 levels following the resistance at 20350.
Nifty Trends
|
| R1 | 8890 |
| R2 | 9050 |
| S1 | 8750 |
| S2 | 8600 |
Technical Outlook:
Nifty Day Performance
|
| Open | 8,816.30 |
| High | 8,843.80 |
| Low | 8,733.00 |
| Close | 8796.85 |
Top Gainers
|
| INFRATEL | 318.00 |
| ZEEL | 524.25 |
| TECHM | 485.05 |
| TCS | 2317.00 |
Top Losers
|
| HINDALCO | 184.00 |
| CIPLA | 589.00 |
| TATASTEEL | 460.30 |
| NTPC | 169.05 |
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