Nifty Performance:
Nifty performed well for the course of day Nifty opened at 8512 and
close 15 points up at 8527. Talking for the day move we didn’t get that
good move which was expected after the performance of yesterday. But
even though we the good thing is that we sustain the yesterday handle
and day candle closed in green color. The factor to think for is, that
monsoon session is going to begun and the clouds of GST bill to pass is
getting bigger and bigger.
Nifty
is already sitting on the edge which is high end of 2016 and the we
expect big move on the day of GST bill as it will effect the price move
of index on major side.
Bank Nifty: Bank Nifty
became the buyers choice for the day and performed much better than the
Nifty 50. Bank Nifty opened at 18525 and closed at 18667. An up move of
142 points was seen on chart. Banking sector performed really well and
supportively Commodity sector took the initiate to get confidence of
buyers, where Cairn, VEDL, JindalStel & Tata Steel performed etc
were top performer
Technical Outlook
| Nifty Day Performance |
| Open | 8512 |
| High | 8534 |
| Low | 8492 |
| Close | 8528 |
| Top Gainers |
| Tata Steel | 343 |
| Icici Bank | 261 |
| Hindalco | 135 |
| Axis Bank | 560 |
| Top Losers |
| Tata Power | 72 |
| Bpcl | 1117 |
| Cipla | 515 |
| Coal India | 317 |
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