Outlook Of Nifty/bank nifty today


Nifty Outlook

Nifty seems positive in the beginning of September contract. For the day nifty [email protected] 8609 and closed at 8649 where high was marked at 8669. We found interested buyers to pull the index price where the automobile sector was buyers pick. Tata motors gain the volume of more than 1Cr for the day. 8685 is the prior handle to break the opening of new highs


Bank Nifty:  

Bank Nifty gave a flat closing for the day. It formed a doji candle on daily frame. High was marked at 19431 and low was marked at 19182. As a factor of Doji we expect banking index to take a positive move tomorrow, which can head new highs for buyers. Where micro finance can be first choice.

Nifty Trends
   R1 8680
R2 8760
S1 8580
S2 8540


Technical Outlook

Nifty Day Performance
   Open 8,609.90
High 8,669.80
Low 8,578.00
Close 8649.75


Top Gainers
ZEEL 532.30
RELIANCE 1059.30


Top Losers
HCLTECH 755.10
WIPRO 478.00
TECHM 450.05
LUPIN 1480.00

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