Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

For the beginning of session there was a good buying in the index but in the late hours a huge dip was marked on the Nifty ground. For the day a Doji candle was formed on chart. Where a positive air was surrounded earlier buy the dark clouds came later. For the course of week it was a flat performance by index and prices closed at 8808 a little down pull is still expected in the prices where we can see 8600 handle in coming days on other side 8900 can be achieved if the sellers are dominated by buyers.  

 Bank Nifty:  

 For the course of week bank nifty is falling from 20300 and closed red @ 19944 no positive sign was seen in the banking index on other hand Yes Bank was the common stock to sit on day looser. Just for today we saw a good buying in the initial hours but it didn’t last long, all the way banking index saw a big break down.  For coming week a weakness is expected in the prices

Nifty Trends
R1	8800
R2	8880
S1	8725
S2	8600

Technical Outlook:

Nifty Day Performance
Open	8,808.00
High	8,878.80
Low	8,769.50
Close	8808.20

Top Gainers
EICHERMOT	23050.00
GRASIM	4850.15
ITC	262.20
BPCL	580.00

Top Losers
YESBANK	1174.65
BHEL	146.90
TATASTEEL	359.20
ZEEL	520.85