Outlook Of Nifty/bank nifty today
Index prices sustain on support of 8170 and managed well to pull themselves to high of 8243. We are positive on nifty to take some up side. Where on other hand eyes will be on federal reserve meeting which begin tonight.
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Bank Nifty Outlook
Bank Nifty took a long consolidation for the day but at last breakout was seen in bank index price with a sharp pull of around 120 points. Which made the day for buyers. The intraday supports for the Nifty Bank index are placed around 18251 and 18120 whereas resistances are seen around 18525 and 18725. In short term, the Nifty Bank index can thus continue to trade in a broad range and within this rangebound activity, traders can focus more on stock-specific trading with proper risk management.
Nifty Day Performance