Outlook Of Nifty/bank nifty today

Nifty Outlook:  

Even as midcap stocks have come under some pressure in the last two weeks after being on a one-way journey in the last five years, it makes sense for investors to remain invested in quality midcap stocks which are in the portfolio of top five midcap funds. Top five midcap funds according to Sharekhan advisory have given an annualised return of 25-32 percent and more than 70 percent of the top five stocks have more than doubled in the last 5 years, data showed.

Bank Auta Outlook:  

Select auto stocks were in action ahead of sales data for the month of May. "While passenger vehicle will continue its growth momentum in May led by Maruti Suzuki, 2-wheeler volume is also expected to be strong led by increase in retail off-take due to marriage season. Commercial vehicle sales are expected to be weak YoY," Maruti Suzuki ended at record closing high of Rs 7,214.90, up nearly a percent from previous close while Tata Motors lost over a percent. Mahindra & Mahindra surged 4 percent on value buying as brokerage houses turned bullish on the stock post earnings and on hopes of good monsoon that may boost its tractor sales in rural. Escorts also gained 4 percent.

Nifty Trends
R1	9640
R2	9700
S1	9570
S2	9500

Technical Outlook:

Top Gainers
M&M	1,413.70
IBULHSGFIN	1,150.50
ULTRACEMCO	4,199.00
LUPIN	1,159.75
IOC	429.15

Top Losers
VEDL	238.50
INFY	976.05
AUROPHARMA	570.05
COALINDIA	263.10
TATAPOWER	81.00