All though it was not a good day for nifty but any how prices stuck to the support handle and didn’t fall below 7930 the only thing which was positive was that market got recovered in the late hours, and closed at 8017. Looking on today’s move we can expect little recovery in index prices when prices are sitting at six months low. Some good recovery can be seen in first hour tomorrow but cant stick to the buyers side for whole day.
Bank Nifty Outlook
Banking index sitting on the low side of last four months gave a long consolidation for the day eventually taking support at various price tags. Little recovery happen at last hour and prices closed at 18600. We are expecting the prices to take some positive move in coming days. Which can head to 18700 brick.
Nifty Day Performance