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 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 Day Performance