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Daily Nifty/Bank Nifty News Letter


Nifty Outlook

Nifty performed flat for the day. From last three days a consolidate move was marked on day frame. For the day prices opened at 8718 and closed at 8720 where high was @ 8748 and low at 8690. For the coming days we expect prices to take little pull as no upside is expected on chart.


Bank Nifty:  

Bank Nifty Outlook

Banking index is moving in a sharp up trend on daily frame where prices are stopping at the resistance handle of 19740 if the index break this handle we can head to 19900 in coming days. On weekly frame prices are range bound from last four weeks and unable to take any up or down break out on other hand 19200 is a major support. Which if broke we could see the prices at 18950.

Nifty Trends

   R1 8750
R2 8880
S1 8600
S2 8550

Technical Outlook:

Nifty Day Performance

   Open 8,718.00
High 8,748.00
Low 8,690.10
Close 8720.25


Top Gainers

ONGC 292.50
BPCL 687.65


Top Losers

IDEA 77.20
WIPRO 484.10
HCLTECH 811.00

About Starindiamarket

Star India Market Research - SEBI Registered Investment advisory Company In India. Our experts provides trading recommendations in Stock, Commodity and Currency Market.

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