Outlook Of Nifty/bank nifty today


Nifty Outlook

Nifty gave a flat move for the day where it ended with a Doji candle on daily chart. Sustaining on a resistance prices seems exhausted to take any upside. Where prices closed at 8277 and opened at 8275. Looking on chart the next resistance level would be 8330 which will be a new break through for the index price to take an upside. On other hand support falls at 8176 level


Bank Nifty:

Bank Nifty Outlook

Banking index took a good upside for the day and a Hammer candle was formed on daily chart where prices broke the resistance and touched the high of 18770 and closed positive at 18722. It feels as if bank nifty can take some pull on Monday, where prices can breach for 18900 level and support can fall at 18360.

Nifty Trends

R1 8200
R2 8260
S1 8105
S2 8035
Technical Outlook:

Nifty Day Performance

Open 8,275.15
High 8,294.00
Low 8,255.65
Close 8277.00

Top Gainers

SBIN 266.60
ACC 1383.90

Top Losers

BAJAJ-AUTO 2720.00
GRASIM 878.80
EICHERMOT 22850.00