Nifty:
Nifty Outlook
Nifty traded on sideways note yet very volatile today. Index moved choppy for the day and traded in a small range of 80-100 points for the day, stocks also traded in the range for the day. Nifty-50 futures traded negative in first half and later gained the numbers, We may see Nifty witnessing resistance around 10410 – 10540 level. Midcap and small cap index too traded on mixed note.
Bank Nifty Outlook
Bank Nifty Index traded on sideways note yet and sustained above 25600. Index moving in range bound mode since the week’s start. Index was seen negative in first half of the trading session later the mixed movement was seen. Few private players as well as PSU players among the banks lost the numbers and later gained for the day. Next 26000 can be seen as major resistance for the index.
Nifty Trends
|
| R1 | 10410 |
| R2 | 10540 |
| S1 | 10250 |
| S2 | 10100 |
Technical Outlook:
Top Gainers
|
| INFY | 991.15 |
| RELIANCE | 949.70 |
| SUNPHARMA | 546.00 |
| YESBANK | 315.40 |
Top Losers
|
| DRREDDY | 2,309.00 |
| ADANIPORTS | 406.50 |
| IBULHSGFIN | 1,159.00 |
| BAJAJ-AUTO | 3,271.00 |
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