Nifty:
Nifty Outlook
The Nifty50 has been forming a base near 10300 for the November series. The up move can be extended till 10600. During the week, more than 20 lakh shares were added in 10300 Put strike, which kept downsides limited. The current price ratio (Nifty Bank/Nifty) has retraced and moved towards 2.48 from 2.50. We feel the outperformance in banking stocks will continue, which is again going to take the ratio higher towards 2.52 levels.
Nifty Trends
|
| R1 | 10554 |
| R2 | 10734 |
| S1 | 10232 |
| S2 | 10168 |
Top Gainers
|
| AUROPHARMA | 1,702.20 |
| GAIL | 605.75 |
| INFRATEL | 8,337.00 |
| INFY | 421.70 |
Top Losers
|
| HINDALCO | 251.40 |
| VEDL | 306.00 |
| SBIN | 332.10 |
| ICICIBANK | 316.85 |
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