Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty performed flat for the day with a channel formation on chart. A long range of consolidation was seen in between the prices of 8245 to 8260.  For the day nifty closed red at 8253 and opened at 8266. We expect some up pull in the prices 8340. For this pull support can be taken at 8220.

Bank Nifty:  

Bank Nifty Outlook

 Bank nifty opened with a gap up but the potential of up side was lost just in an hour and prices travelled flat, for the day index opened at 18343 and closed low at 18320. Where in first half banking stocks took a good upside but later buyers were dominated by the sellers. A pull in prices can be seen in coming days till 18450.

Nifty Trends
R1	8330
R2	8400
S1	8210
S2	8140

Technical Outlook:

Nifty Day Performance
Open	8259.35
High	8263.00
Low	8227.75
Close	8236.05

Top Gainers
HCLTECH	835.20
IDEA	74.40
EICHERMOT	22995.00
TCS	2308.00

Top Losers
DRREDDY	3060.10
ONGC	198.20
COALINDA	300.10
ASIANPAINT	912.25