Nifty:
Nifty Outlook
Nifty traded on positive note today but was not able to hold gains for the day. Index gained in first half trading session but lost the numbers in later half. Nifty-50 futures touched month’s high level i.e. 10144.70, Midcap and small-cap counters gained and moved positive for the day, later lost few gains. Reliance added gains and were seen positive for the stocks. In further trading session 10200 can be market resistance for index.
Bank Nifty Outlook
Bank Nifty Index saw a positive note for today but erased all the gains in later half of the day, Index was not able to sustain above 24900. PSU players performed well for the day, as compared with the private players for the day. Bank of Baroda gained most and managed to be in market gainers for the day. Next, 25000 can be seen as major resistance for the index.
Nifty Trends
|
| R1 | 10200 |
| R2 | 10350 |
| S1 | 10014 |
| S2 | 9900 |
Technical Outlook:
Top Gainers
|
| SUNPHARMA | 509.50 |
| TATAPOWER | 85.05 |
| RELIANCE | 853.40 |
| DRREDDY | 2,223.95 |
Top Losers
|
| BPCL | 499.40 |
| IOC | 414.00 |
| ITC | 271.60 |
| IBULHSGFIN | 1,266.00 |
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