Thursday, 9 March 2017

Today Nifty/Bank Nifty Outlook

Nifty Outlook:

Nifty took a both side move for the day, in the initial hours prices crossed support and dipped to 8907 where in second half some recovery took place and prices closed at 8954 however the day candle was red and still resistance of 9000 seems hard to break.

Bank Nifty Outlook:

Observing the moves of banking index the resistance of 20800 seems tough to get a breakout and same for 20600 as a hard support for the day we saw some correction in prices at morning hours but till end banknifty managed to closed positively on chart. Yesbank was the main gainer in the banking sector today

Nifty 50 Gainers

StockPrice
BOSCHLTD21900.00
YESBANK1480.00
ZEEL514.40
EICHERMOT23457.50
KOTAKBANK824.00

Nifty 50 Losers

StockPrice
IDEA106.15
TATASTEEL471.90
ONGC192.65
TECHM492.60
BHEL158.00

Nifty Resistance & Support

R1 / R29010/9080
S1 / S28910/8840

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