Daily Nifty/Bank Nifty News Letter


Nifty Outlook

Index took a down flip today as well and the down side still seems  to be continued in coming days. A little support falls on 8680 but we have a firm chance to see the prices falling to 8640 handle as a reason of gap. For the day BPCL was good for buyers who made some profit.


 Bank Nifty:  

Bank nifty gave a flat move for the day but in late hours prices dipped to 19406 which became the low of the day and got closing at 19483. On other  hand we got high at 19675. Looking on chart we expect the prices to take some pull till 19270 handle. For the day Bank Baroda was the main looser in the banking index.


Nifty Trends

   R1 8850
R2 8900
S1 8700
S2 8600


Technical Outlook:

Nifty Day Performance

   Open 8,797.00
High 8,815.00
Low 8,711.00
Close 8731.35


Top Gainers

BPCL 673.00
GAIL 414.60
GRASIN 1009.00
RELIANCE 1112.00


Top Losers

CIPLA 578.00
M&M 1374.00


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