Today Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook

Nifty opened flat today at 8433 but closed red at 8403 down by 28 points. Although a sharp fall in index price came in beginning session but late prices remain stagnant at  supportive level of 8400 by making 8415 as a major resistance, we believe to see some up side in prices tomorrow for 8470 levels

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty opened positive for the day but can’t sustain on up side and fall down to 19025 where prices closed red at 19076. On other hand axis bank gain highest in the banking sector with 1.75 percent. Also many stocks from banking sector took positive move when we saw a down side in bank index prices.

Nifty Trends
R1	8470
R2	8550
S1	8365
S2	8300

Technical Outlook:

Nifty Day Performance
Open	8,433.90
High	8,448.00
Low	8,392.50
Close	8408.50

Top Gainers
NTPC	175.90
ASIANPAINT	958.45
HEROMOTOCO	3152.00
AXISBANK	485.60

Top Losers
RELIANCE	1040.00
COALINDIA	307.35
ADANIPORTS	294.90
ONGC	195.20