Daily Nifty/BANK NIFTY News Letter

Nifty:  

Nifty Outlook

Good buying supported the index prices to break the resistance and we almost covered the fall of 29th September and we closed positive today at 8779 good profit booking was seen on the buying pockets. Further we expect the prices to head for 8850, acting as a immediate resistance and 8660 as support 

 Bank Nifty:  

Bank Nifty performed well by gaining 282 points for the day, opening was marked at 19511 and banking index closed at 19685. Expected recovery had taken place and now we are looking ahead for the 19970 handle which is again a brick of long consolidation. Tomorrow we have the monitory policy on to which a good volatility is expected.

Nifty Trends
R1	8750
R2	8900
S1	8450
S2	8300

Technical Outlook:

Nifty Day Performance
Open	8,682.00
High	8,788.00
Low	8,656.25
Close	8779.10

Top Gainers
ZEEL	578.65
EICHERMOT	25900.00
MARUTI	5680.10
HEROMOTCO	3534.00

Top Losers
TCS	2407.50
INFRATEL	363.50
BOSHLTD	22750.00