Thursday, 20 October 2016

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty gave a flat move for the day and we saw a consolidation all the way, where index make a high in the morning itself and for the day we closed red @ 8661. Prices making a strong resistance at 8700 handle makes it bit tough to break the levels where a support falls at 8600.
techstocknews-1

 Bank Nifty:  

Red candle formed on chart for the day after big previous day green candle. It seems difficult to give a break to the resistance lying at 19600 handle. On lower side prices are supported at 19300. Where ITC and ICICIBANK were the main looser for the day.

Nifty Trends

   R18700
R28770
S18600
S28550

Technical Outlook:

Nifty Day Performance

   Open8,690.00
High8,696.50
Low8,640.50
Close8665.25

Top Gainers

IDEA78.20
BHEL140.75
TATAPOWER81.15
WIPRO494.00

Top Losers

ITC240.00
ICICIBANK265.15
HEROMOTOCO3365.00
HINDUNILVR845.50

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