Nifty:
Nifty Outlook
Good
ups and down swing came today in index prices just because of the
Credit Policy although there is no change in the in Repo Rate 6.25,
Reverse Repo Rate is same at 5.75 for the day Nifty recovered from the
low of 8732 and closed positive at 8796. All the down side was covered
by Nifty today itself. But a pressure can be seen on day chart where
prices are just consolidating from last five days. We expect positive
move from nifty in coming days too.
Bank Nifty:
Bank Nifty Outlook
Good
news after currency demonetisation is, limit from bank withdraw will be
finish from 13 March and one can withdraw as much as he or she wants
after 13th March, on other hand we expect banks should lower the
interest rate now. Talking for Bank Nifty prices dipped to 20141 and
closed green at 20360. We are still positive for bank nifty to give some
more upside in coming days.
Nifty Trends
|
| R1 | 8890 |
| R2 | 9050 |
| S1 | 8750 |
| S2 | 8600 |
Technical Outlook:
Nifty Day Performance
|
| Open | 8,785.60 |
| High | 8,813.95 |
| Low | 8,732.50 |
| Close | 8796.35 |
Top Gainers
|
| BHEL | 156.80 |
| INFRATEL | 310.00 |
| GRASIM | 977.25 |
| ACC | 1496.35 |
Top Losers
|
| DRREDDY | 3014.00 |
| SUNPHARMA | 661.80 |
| HEROMOTOCO | 3223.95 |
| TATASTEEL | 468.00 |
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