Nifty:
Nifty Outlook
Nifty gained traction after opening on a flat note ending higher for the third consecutive session taking cues from their Asian counterparts. Financials and FMCG stocks lead the rally, while IT stocks underperformed as trader’s maintained caution ahead of Infosys’s Q4 results later this week. Upcoming quarterly results season, along with the release of macroeconomic data points on industrial production (IIP) and inflation are expected to determine the trajectory of key equity indices this week. Nifty is looking strong for buy side for now 10430 will act as an immediate resistance for now if able to give breakouts of this resistance and sustain above it than it may head till 10490-10500 while on lower side 10340 is support seen.
Bank Nifty:
Bank Nifty
Outlook Bank Nifty extended positive move for the third consecutive session Overall the Bank Nifty are displaying more strength than weakness and closed above 200 DMA which further indicates buying in stock in coming session. 25270 seen as a resistance while 24670 is support for now.
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 gained traction after opening on a flat note ending higher for the third consecutive session taking cues from their Asian counterparts. Financials and FMCG stocks lead the rally, while IT stocks underperformed as trader’s maintained caution ahead of Infosys’s Q4 results later this week. Upcoming quarterly results season, along with the release of macroeconomic data points on industrial production (IIP) and inflation are expected to determine the trajectory of key equity indices this week. Nifty is looking strong for buy side for now 10430 will act as an immediate resistance for now if able to give breakouts of this resistance and sustain above it than it may head till 10490-10500 while on lower side 10340 is support seen.
Bank Nifty:
Bank Nifty
Outlook Bank Nifty extended positive move for the third consecutive session Overall the Bank Nifty are displaying more strength than weakness and closed above 200 DMA which further indicates buying in stock in coming session. 25270 seen as a resistance while 24670 is support for now.
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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