Nifty took upside as forecasted yesterday, but in the beginning of the day prices floated flat but later after 12 sharp pull was seen in index as well in stocks too. Some fresh buying was initiated and this could lead to 8470 in coming days. Where support falls at 8330. Since its the time of results so we believe a good push in index.
Bank Nifty Outlook
Bank Nifty opened gap up, and as forecasted prices traded up till 18904. Where closing was marked at 18839 we expect some more up side in index prices supported with banking stocks and with PSU Banks asperforming as a major resistance on chart and 18450 as a major support.
Nifty Day Performance