Nifty:
Nifty Outlook
Nifty traded on high volatile note for today. In morning
session nifty took a gap up opening and gained numbers, while in later half
lost the numbers. Nifty-50 futures moved in the range and close above 10150
level. Similar pattern was seen in Midcap stocks and also same was for small
cap counters too. For coming session market 10000 is considered to be a strong
support.
Bank Nifty:
Bank Nifty Outlook
Bank Nifty Index saw a volatile movement for the day. Index
taking a gap up opening, was seen trading positive while in later hours of the
day, index lost numbers. Pull back was seen and managed to sustain above
24300. Few Private players gained
marginally for the day, while PSU bank players were seen dragging. Next 24000
will act as strong support for the index for coming trading sessions.
Technical Outlook
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