Nifty Outlook:
Bulls
continued to rule on D-Street on Wednesday as benchmark indices managed
to end the session at record closing highs. The market witnessed a
surge in the last couple of hours of trade, which was until then largely
consolidating with range-bound movement. Strong institutional buying on
dips could have boosted the market. The indices managed to comfortably
hold fresh milestones of 30,500 and 9,500.
Bank Nifty Outlook:
The
Kotak report also highlighted companies in the Nifty-50 with more than 5
percent of the pledged promoter holdings. Apart from these, other major
stocks that gained included ICICI Bank (+2.35 percent), Indiabulls
Housing Finance (+2.57 percent) midcaps continued to underperform over
previous few sessions, while the Nifty Bank ended on a flat note. The
Nifty PSU banking index saw profit booking, emerging as the top sector
to lose post gains on Tuesday.
Nifty Trends
|
| R1 | 9565 |
| R2 | 9600 |
| S1 | 9470 |
| S2 | 9380 |
|
|
Technical Outlook:
Top Gainers
|
| TATASTEEL | 493.40 |
| INFRATEL | 388.95 |
| IBULHSGFIN | 1,085.00 |
| TATAMOTORS | 448.90 |
| ICICIBANK | 309.45 |
Top Losers
|
| TECHM | 430.60 |
| ACC | 1,690.10 |
| BOSCHLTD | 24,198.00 |
| YESBANK | 1,455.40 |
| ADANIPORTS | 348.95 |
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