Daily Nifty/Bank Nifty News Letter

Nifty Outlook

Nifty took a big down side in the beginning itself but later prices sustained by making a support at 8080, nifty closed positively at 8108. For the day a negative of 24 points was marked on chart. Where opening was at 8125 and closing was at 8099. Little pull in prices can be seen in coming day where support can be seen on 8030.

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Bank Nifty:

Bank Nifty Outlook

Bank Nifty took a long pull in the first half of the market hours, and a little recovery was seen later where prices closed at 18131 and opening was marked at 18275. Talking about the sector all the banking stocks and even the microfinance companies made a red candle on chart with a down side of two to four percent. This down side can be continued in coming days.

Nifty Trends

R1 8140
R2 8260
S1 8030
S2 7970
Technical Outlook:

Nifty Day Performance

Open 8,125.00
High 8,134.40
Low 8,072.00
Close 8099.90

Top Gainers

TCS 2340.00
AMBUJACEM 205.00
ULTRATECMO 3164.90
ACC 1299.00

Top Losers

IDEA 73.40
AUROPHARMA 673.25
BOCHLTD 19211.40
YESBANK 1147.00