Nifty:
Nifty Outlook
Nifty continued to trade with a positive bias, highly volatile session ending higher for the 9th day in a row for the first time since January 2015. Among sectoral indices, the Nifty Realty index was over 1 percent higher led by a rise in the shares of Godrej Properties and Indiabulls Real Estate. That apart, investor sentiments were positive during the day following the forecast of a normal monsoon this year by the India Meteorological Department. Nifty closed the session with the gains looking positive for the coming session. 10640 will act as a major resistance for it while 10350 is support for now.
Bank Nifty:
Bank Nifty Outlook
Bank Nifty managed to hold above the Head and Shoulder neckline but closed below 100 daily moving average buying activity may seen if able to trade above it. Immediate resistance is around 25830-25850 while 24930-24900 are support.
Nifty Trends
|
| R1 | 10650 |
| R2 | 10730 |
| S1 | 10430 |
| S2 | 10350 |
Technical Outlook:
Top Gainers
|
| POWERGRID | 204.9 |
| HINDUNILVR | 1,450.50 |
| TITAN | 999 |
| BHARTIARTL | 382.5 |
Top Losers
|
| INFRATEL | 333.5 |
| AXISBANK | 532.45 |
| WIPRO | 285.25 |
| SUNPHARMA | 513 |
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