Nifty:
Nifty Outlook
Nifty traded on positive note for the week . Following the global cues and market sentiment Index gained the numbers in start of the week but later lost the gains, was trapped in high volatile zone on the last trading session. This week market touched month’s high. Broader market outperformed, majorly midcap and small-cap counter saw a gain. Overall for the week Nifty added more than 1% movement. Further for Nifty 10150 acting as major resistance.
Bank Nifty Outlook
Bank Nifty Index saw a positive rally, wherein bulls dominated the week. Index continued to gain numbers in start of the week, lost some in trading sessions. Overall for the week the bull’s were active and touched a level of 24962. PSU bank moved positive as well as the private players for the index. Next 25060 can be seen as major resistance for the index.
Nifty Trends
|
| R1 | 10150 |
| R2 | 10300 |
| S1 | 9950 |
| S2 | 9750 |
Technical Outlook:
Top Gainers
|
| ONGC | 166.25 |
| BAJAJ-AUTO | 3,030.00 |
| COALINDIA | 260.80 |
| INFRATEL | 377.05 |
Top Losers
|
| DRREDDY | 2,208.30 |
| INDUSINDBK | 1,701.00 |
| AUROPHARMA | 756.00 |
| TATAPOWER | 84.25 |
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