Today Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook

After taking a gap down opening Nifty index sustain well on the support handle and pull the prices to 8444, while closing was marked positive at 8403. A strong support line falling at 8385 on daily chart, while the resistance comes at 8450 which can be broken tomorrow and even we can see the prices jumping at 8550 in coming days.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty opened flat today but pulled prices well till 19168 a positive move of 193 points was marked on chart. Sbin was the most gainer stock in banking sector which closed with 2.19 percent. PSU Banks also supported the up move of banking index. For coming days one can take 18850 as a major support and 19200 as a resistance to get break through.

Nifty Trends
R1	8490
R2	8550
S1	8385
S2	8300

Technical Outlook:

Nifty Day Performance
Open	8,404.00
High	8,444.00
Low	8,385.05
Close	8431.70

Top Gainers
TATASTEEL	459.50
ADANIPORTS	301.25
TATAMOTORS	526.50
SBIN	256.40

Top Losers
HCLTECH	828.40
TATAPOWER	77.70
EICHERMOT	22340.65
INFY	957.45