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
   R18680
R28720
S18600
S28540

 

Technical Outlook:

Nifty Day Performance
   Open8,625.50
High8,667.90
Low8,615.05
Close8661.85

 

Top Gainers
ASIANPAINTS1125
INFRATEL400
MARUTI4759
EICHERMOT21170

 

Top Losers
AUROPHARMA779.50
IDEA104.80
ADANIPORTS225.50
TATASTEEL350.30

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