Thursday, 17 November 2016

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty took a positive move at the time of opening, from 8205 but the move was just a bubble and prices felt down to 8130. As updated in our previous forecast index prices closed red at 8100. Where no buying was initiated for all the day. As per the current situation prices closed at the major support and if this support handle gets a break tomorrow we can see 8020 handle as well.
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Bank Nifty:

Down side was seen today by the banking index where prices opened at 19550 and closed at 19136 a negative flow of 414 point was marked on chart, Sellers were leading  bank nifty prices all the day, this happened same as forecasted in our previous report. Prices are expected to breach 19000 & 18700 in coming days.

Nifty Trends

   R18170
R28240
S18040
S27920

Technical Outlook:

Nifty Day Performance

   Open8,205.15
High8,225.00
Low8,095.25
Close8118.55

Top Gainers

ASIANPAINTS940.00
ZEEL473.30
EICHERMOT21035.00
TECHM444.90

Top Losers

HINDALCO161.35
ITC229.00
AUROPHARMA711.00
SUNPHARMA661.35

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