Nifty:
Nifty Outlook Nifty began the week and financial year on an extremely strong note, backed by a surge in auto, pharma and IT stocks. Nifty managed to clock 10,200 in the final minutes of trade. Nifty future has formed a bullish Head & Shoulder chart pattern on the hourly chart which can be seen in below hourly chart of Nifty Futures, as well as breakouts of trend line resistance indicating a short-term upward bias for the index. For now 10160 will act as a support while on higher side 10300 is resistance.
Bank Nifty:
Bank Nifty Outlook Bank Nifty too closed near day's high, PSU Bank Index ends on negative note led by SBIN, IDBI, CANBK as stock closed in red zone. While Private bank Index end in green territory. Bank Nifty is looking positive for the coming session as well as it’s heading towards its immediate resistance which can be seen in below daily charts, breakouts could be seen.
To Get Free Trial
Missed call @ 9582541010
Call Us @ 8822117117
Mail Us = starindiamarket@gmail.com
Visit = http://www.starindiaresearch.com/freetrail.php
Nifty Outlook Nifty began the week and financial year on an extremely strong note, backed by a surge in auto, pharma and IT stocks. Nifty managed to clock 10,200 in the final minutes of trade. Nifty future has formed a bullish Head & Shoulder chart pattern on the hourly chart which can be seen in below hourly chart of Nifty Futures, as well as breakouts of trend line resistance indicating a short-term upward bias for the index. For now 10160 will act as a support while on higher side 10300 is resistance.
Bank Nifty:
Bank Nifty Outlook Bank Nifty too closed near day's high, PSU Bank Index ends on negative note led by SBIN, IDBI, CANBK as stock closed in red zone. While Private bank Index end in green territory. Bank Nifty is looking positive for the coming session as well as it’s heading towards its immediate resistance which can be seen in below daily charts, breakouts could be seen.
To Get Free Trial
Missed call @ 9582541010
Call Us @ 8822117117
Mail Us = starindiamarket@gmail.com
Visit = http://www.starindiaresearch.com/freetrail.php
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