Nifty:
Nifty Outlook
Index opened on positive note yet lost in later half of the day. It pared gains and corrected below 9900 to record its intraday low of 9984.80 which resulted in small lower shadow. Bulls failed to keep the momentum going as Nifty50 came under pressure as soon as it came close to its crucial resistance level of 10,100.
Bank Nifty Outlook
Bank Nifty led the decline, as it fell over 1%. PSU banking stocks were the top laggards led by SBI and Bank of Baroda. Even private bank majors like ICICI Bank, HDFC Bank and Kotak bank ended with losses. While the PSU Bank index fell more than the Private Bank index. As far as heavyweights are concerned even ICICI Bank, HDFC Bank and Yes Bank ended with losses.
Nifty Trends
|
| R1 | 10100 |
| R2 | 10250 |
| S1 | 9900 |
| S2 | 9850 |
Technical Outlook:
Top Gainers
|
| BHARTIARTL | 405.95 |
| HINDPETRO | 452.50 |
| INFRATEL | 410.70 |
| TCS | 2,500.00 |
Top Losers
|
| YESBANK | 362.55 |
| SBIN | 251.20 |
| VEDL | 314.00 |
| TATAMOTORS | 414.45 |
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