Nifty:
Nifty Outlook
Market saw a sideways movement for the week. Traders managed to take a sigh of relief in between of geopolitical tension between North Korea-USA and India-China. Taking a good support of 9700 Nifty Index traded in 200 points range i.e. showed the numbers between 9900 to 9700. In start of the week a positive movement was seen, while in later half of the week a correction. Sikka’s exit from Infosys was the news which affected the stock and traders while it also impacted the Nifty number of last trading sessions.
Bank Nifty:
After the last week’s correction in Bank Nifty, Index traded sideways, A major support of 23900 was seen from start of the week. Index managed a bit of gain in start the week but later bears dominated the bulls. Index sustaining above the 50-day moving average, closed around 24000. With Index, banking stocks too traded sideways for the week.
Nifty Trends
|
| R1 | 9990 |
| R2 | 10150 |
| S1 | 9700 |
| S2 | 9550 |
Technical Outlook:
Nifty Day Performance
|
| Open | 9,869.00 |
| High | 9,869.00 |
| Low | 9,794.20 |
| Close | 9854.40 |
Top Gainers
|
| INFRATEL | 395.00 |
| BPCL | 504.60 |
| EICHERMOT | 31,589.95 |
| HINDUNILVR | 1,201.90 |
Top Losers
|
| INFY | 923.15 |
| SUNPHARMA | 470.45 |
| ZEEL | 511.00 |
| VEDL | 298.40 |
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