Nifty:
Nifty Outlook
The bulls clawed back in late trade as Nifty ends above 10,000 for the third straight session -- major indices gained 1 percent this week. The 30-share BSE Sensex cut losses by more than 200 points, down 73.42 points to close at 32,309.88 due to selling pressure in private banks, pharma and infra stocks. The 50-share NSE Nifty was down 6.05 points at 10,014.50 after hitting an intraday low of 9,944.50.
Bank Nifty:
After surpassing the highest Call base of 25000, the BankNifty ended the July series expiry on an optimistic note with lower rollover as compared with 3month roll average as most of the short positions left to settle on July expiry. Stocks like HDFC bank and Axis Bank performed well whereas PSU and other mid-cap banks also supported the up move. BankNifty has started the August series with higher open interest base as compared with the July series. The long open interest build-up was seen in HDFC bank along with Axis Bank.
Nifty Trends
|
| R1 | 10070 |
| R2 | 10120 |
| S1 | 9973 |
| S2 | 9900 |
Technical Outlook:
Nifty Day Performance
|
| Open | 10,042.40 |
| High | 10,117.90 |
| Low | 10,010.00 |
| Close | 10025.20 |
Top Gainers
|
| YESBANK | 1,844.95 |
| HDFC | 1,776.00 |
| INFY | 995.70 |
| KOTAKBANK | 1,016.20 |
Top Losers
|
| DRREDDY | 2,465.20 |
| LUPIN | 1,066.90 |
| SUNPHARMA | 550.05 |
| ICICIBANK | 296.05 |
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