Nifty:
Nifty Outlook
Nifty traded on positive note today. Index gained strength and ended higher, with the Nifty trading above 10,200 level, backed by banks, metals and auto stocks. Nifty-50 futures ended higher and managed to close above 10200 level, We may see Nifty witnessing resistance around 10270 – 10310 level. Currently, Stock-specific approach will be more positive to trade on.
Bank Nifty Outlook
Bank Nifty Index saw a positive rally and ended around the record high. Index gained 100 points for the day. Bulls were seen dominating the day. Major PSU players in the sector remained positive, while private players were seen on the same note. Govt induction of package for govt bank lender backed up the sentiments. Next 24500 can be seen as major resistance for the index.
Nifty Trends
|
| R1 | 10300 |
| R2 | 10450 |
| S1 | 10100 |
| S2 | 10000 |
Technical Outlook:
Top Gainers
|
| ZEEL | 524.35 |
| ASIANPAINT | 1,229.00 |
| SBIN | 254.90 |
| NTPC | 181.80 |
Top Losers
|
| HCLTECH | 912.90 |
| YESBANK | 346.45 |
| INDUSINDBK | 1,664.05 |
| TATAMOTORS | 415.85 |
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