Nifty:
Nifty Outlook
Nifty traded on positive note today, with gap-up opening from Friday’s close. In between of geo-political tensions, easing was seen in Index today and overall posted small gains. The Fibonacci ratio of 61.8% i.e.9700 level acted as good support in hourly chart for Index. Midcap and small-cap counters also posted gains for the day. Grasim and Tata power showed a good rally of 4-5 percent, on better than expected results.
Bank Nifty:
Bank Nifty Outlook
Bank Nifty gave a gap up opening for the day and managed to close on positive note. Major player in PSU banks, SBI traded almost 1% percent down, seeing to it its weak results. Private players in the segment posted gains, while PSU’s struggled. Bank of Baroda fell 0.25% as seen on the chart. Further Index eased today and managed with a positive closing, still geopolitical fears keeping the gains small.
Nifty Trends
|
| R1 | 9880 |
| R2 | 9983 |
| S1 | 9700 |
| S2 | 9610 |
Technical Outlook:
Nifty Day Performance
|
| Open | 9,778.25 |
| High | 9,837.80 |
| Low | 9,776.70 |
| Close | 9815.60 |
Top Gainers
|
| CIPLA | 569.50 |
| SUNPHARMA | 471.90 |
| TATASTEEL | 624.00 |
| TATAPOWER | 79.65 |
Top Losers
|
| BOSCHLTD | 22,195.00 |
| BHARTIARTL | 409.50 |
| HCLTECH | 862.00 |
| BPCL | 478.80 |
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