Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Index prices sustain on support of 8170 and managed well to pull themselves to high of 8243. We are positive on nifty to take some up side. Where on other hand eyes will be on federal reserve meeting which begin tonight.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty took a long consolidation for the day but at last breakout was seen in bank index price with a sharp pull of around 120 points. Which made the day for buyers. The intraday supports for the Nifty Bank index are placed around 18251 and 18120 whereas resistances are seen around 18525 and 18725. In short term, the Nifty Bank index can thus continue to trade in a broad range and within this rangebound activity, traders can focus more on stock-specific trading with proper risk management. 

Nifty Trends
R1	8240
R2	8360
S1	8105
S2	8035

Technical Outlook:

Nifty Day Performance
Open	8,189.95
High	8,243.85
Low	8,172.30
Close	8227.45

Top Gainers
TECHM	487.00
TATAMOTORS	470.30
BPCL	629.40
WIPRO	464.00

Top Losers
ULTRACEMCO	3364.90
HINDALCO	177.25
ZEEL	441.55
BHEL	125.35