Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded flat for the day where on chart we found a Doji candle. Prices are still heating in band of 8780 to 8840 which seems difficult to get a break a little correction in the index prices is expected to come in coming trading session. Where we can see prices moving to 8785 handle and from that level we can see some fresh buying, which could be an effect of the buyer’s confidence in stock market.

634000320855625000_equity_top

 Bank Nifty:  

Bank Nifty gave a neutral move for the day. It seems to be in a tight range where prices are bounded  in bracket of 19900 to 20055. We expect a big move in coming days as a result of this long consolidation. Where prices can lift up for the handle of 20200 and  20500. For the day we got Doji candle on chart which can result a green candle in tomorrow’s trading session.

Nifty Trends
   R18880
R29050
S18740
S28580

Technical Outlook:

Nifty Day Performance
   Open8,806.65
High8,820.00
Low8,786.10
Close8807.20

 

Top Gainers
YESBANK1207.00
INFRATEL355.50
ONGC257.80
EICHERMOT23450.00

 

Top Losers
HEROMOTOCO3472.00
ADANIPORTS269.40
BAJAJAUTO2888.30
INDUSINBANK1183.90

Post Comment