Home / TIPS / Outlook Of Nifty/Bank Nifty Today: Daily Nifty News Letter

Outlook Of Nifty/Bank Nifty Today: Daily Nifty News Letter

Nifty:  

Nifty Outlook

Today also nifty traded in a range bound manner and closed near to resistance. We saw a green candle on chart. Contract of July is going to expire tomorrow. We found a tight range of 8665 to 8570. Positive move was seen in the last trading hour where nifty moved for 32 points. Overall it was a positive day before the expiry of July contract. We are expecting a little down side for tomorrow’s  session. Here the major support will be at 8540 and the resistance will be at 8665

Share Market News

Bank Nifty:  

Bank Nifty formed a Doji candle for the day which turned red at the end of the day. On the major frame we can see a triangle formation on the chart. Which indicates a little upside in prices for the coming trading session. Where we found today prices closed on resistance & the possibility of prices to move up increases more. On lower side 18850 is a important support and 19140 will be resistance for Bank Nifty.

 

Nifty Trends
   R1 8680
R2 8720
S1 8600
S2 8540

 

Technical Outlook:

Nifty Day Performance
   Open 8,625.50
High 8,667.90
Low 8,615.05
Close 8661.85

 

Top Gainers
ASIANPAINTS 1125
INFRATEL 400
MARUTI 4759
EICHERMOT 21170

 

Top Losers
AUROPHARMA 779.50
IDEA 104.80
ADANIPORTS 225.50
TATASTEEL 350.30

About Starindiamarket

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

Leave a Reply

x

Check Also

WWW.CRUDEOILEXPERT.TK 54500 RS. PROFIT IN CRUDE & GOLD SUBSCRIBE CALL NOW 09898439996 DONT MISSSS

TODAY BOOKED 54500/- RS PROFIT IN CRUDE OIL & ...