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Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty performed flat for the day with a channel formation on chart. A long range of consolidation was seen in between the prices of 8245 to 8260.  For the day nifty closed red at 8253 and opened at 8266. We expect some up pull in the prices 8340. For this pull support can be taken at 8220.

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Bank Nifty:  

Bank Nifty Outlook

Bank nifty opened with a gap up but the potential of up side was lost just in an hour and prices travelled flat, for the day index opened at 18343 and closed low at 18320. Where in first half banking stocks took a good upside but later buyers were dominated by the sellers. A pull in prices can be seen in coming days till 18450.

Nifty Trends

   R1 8330
R2 8400
S1 8210
S2 8140

Technical Outlook:

Nifty Day Performance

   Open 8259.35
High 8263.00
Low 8227.75
Close 8236.05

 

Top Gainers

HCLTECH 835.20
IDEA 74.40
EICHERMOT 22995.00
TCS 2308.00

 

Top Losers

DRREDDY 3060.10
ONGC 198.20
COALINDA 300.10
ASIANPAINT 912.25

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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