Outlook Of Nifty/bank nifty today
Nifty:
Nifty Outlook
Nifty
traded flat for the day where on chart we found a Doji candle. Prices
are still heating in band of 8780 to 8840 which seems difficult to get a
break a little correction in the index prices is expected to come in
coming trading session. Where we can see prices moving to 8785 handle
and from that level we can see some fresh buying, which could be an
effect of the buyer’s confidence in stock market.
Bank
Nifty gave a neutral move for the day. It seems to be in a tight range
where prices are bounded in bracket of 19900 to 20055. We expect a big
move in coming days as a result of this long consolidation. Where prices
can lift up for the handle of 20200 and 20500. For the day we got Doji
candle on chart which can result a green candle in tomorrow’s trading
session.
| Nifty Trends |
| R1 | 8880 |
| R2 | 9050 |
| S1 | 8740 |
| S2 | 8580 |
Technical Outlook:
| Nifty Day Performance |
| Open | 8,806.65 |
| High | 8,820.00 |
| Low | 8,786.10 |
| Close | 8807.20 |
| Top Gainers |
| YESBANK | 1207.00 |
| INFRATEL | 355.50 |
| ONGC | 257.80 |
| EICHERMOT | 23450.00 |
| Top Losers |
| HEROMOTOCO | 3472.00 |
| ADANIPORTS | 269.40 |
| BAJAJAUTO | 2888.30 |
| INDUSINBANK | 1183.90 |
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