Outlook Of Nifty/bank nifty today

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	8,790.10
High	8,820.00
Low	8,765.00
Close	8799.70

Top Gainers
ZEEL	564.80
COALINDIA	320.85
M&M	1414.00
AMBUJACEM	255.65

Top Losers
ONGC	272.45
GAIL	402.75
TATASTEEL	391.55
SBIN	261.00