Wednesday, 7 December 2016

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Index traded flat for the day where the opening was 8173 and closing was marked at 8169. Tomorrow we are having a major event of Rate Cut from RBI which will again bring a good volatility into the stocks. For the day oil and gas sector noted good moves on chart. On other hand little upside can be seen in petrol and diesel prices in coming days. Around 5-8 percent for next quarter
national-stock-exchange-of-india

Bank Nifty:  

Bank Nifty Outlook

Bank nifty sustained the prices today where it didn’t fall bellow the support handle and Yesbank was the most active stock for the day. Due to the RBI rate cut a little down pull can be seen tomorrow in banking stocks, which will be supported by a good volume and volatility too. Prices of bank nifty seems to be heated at resistance of 18550 which can give a fresh upside till 18750 if broken.

Nifty Trends

   R18200
R28260
S18105
S28035

Technical Outlook:

Nifty Day Performance

   Open8,173.00
High8,219.00
Low8,157.10
Close8169.05

Top Gainers

TATAPOWER75.25
HDFC1240.60
IDEA74.15
BPCL612.55

Top Losers

INFRATEL377.15
BOSCHLTD20415
HCLTECH779.35
MARUTI5132.00

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