Outlook Of Nifty/bank nifty today
Nifty gave a negative move for the course of week. Nether the resistance of 8250 was broken not the support of 8080 was broken. Also the winter session of parliament was ended with no good outcome as the session got adjourned all the time. Still the support of 8080 seems a major support for Nifty. If prices gets below this levels nifty may show us 7800 levels as well. On other hand crossing above 8250 may initiate some fresh buying.
Bank Nifty Outlook
Bank nifty sustaining on the support level of 18300 as a major support where resistance falls on 18730. From last four weeks we are getting a down side on banking index. Prices if this dip in prices continue than Bank Nifty may come to 18000 and 17500 as well. For the course of week axis bank was the most active stock into the banking sector. We are still positive for the prices to recover from support level and some fresh buying can be initiated.
Nifty Day Performance