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Outlook Of Nifty/bank nifty today Call@8602780449

Nifty:  

Nifty Outlook

Index traded range-bound today. With no much movement, Index moved in almost a range of 100 points i.e. 9850 to 9750. Mostly profit booking impacted the index and had lead to the movement today. Midcap counters too underperform. For coming day, 9700 prove to be a very good support. A pull back of 1% was seen in Infy, after the corrective rally in the stock.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty moved sideways for the the day. Index moved in range of 100-150 points by today. PSU banks remain under pressure and a weak movement was observed in other private players too. Yes Bank initially lost in morning session, later retained the levels. Further, 23800 seem to be a good support for the market.

 

Nifty Trends

   R1 9890
R2 9980
S1 9700
S2 9550

Technical Outlook:

Nifty Day Performance

   Open 9,810.50
High 9,837.45
Low 9,769.80
Close 9784.65

 

Top Gainers

BPCL 511.65
IOC 423.90
SUNPHARMA 472.00
DRREDDY 1,978.80

 

Top Losers

NTPC 167.25
HEROMOTOCO 3,893.95
BANKBARODA 139.60
IBULHSGFIN 1,178.00

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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