Outlook Of Nifty/bank nifty today

Nifty:

Nifty Outlook

Nifty broke the support and closed negative with 84 points sharp down side was seen in the initial hours but later prices sustained and closed at 8005. It had been consecutive five days for Index prices to give down side on continuous basis. Now we expect 7900 levels in coming days.

equity

Bank Nifty:

Bank Nifty Outlook

Bank nifty saw a down side of 174 points for the course of day and gave closing at 17934, where opening was marked at 18038 as nifty it had been five days when banking index had gone through new low day by day. Now the next support falls at 18770. For tomorrow we feel weakness in banking index as well as in banking stocks too.

Nifty Trends

R1 8040
R2 8160
S1 7900
S2 7820
Technical Outlook:

Nifty Day Performance

Open 8,054.10
High 8,066.95
Low 7,975.15
Close 7996.85

Top Gainers

ASIANPAINTS 872.65
ITC 227.70
TATAMOTORS 470.85
INFRATEL 337.55

Top Losers

HINDALCO 161.60
ADANIPORTS 263.80
ONGC 195.25
TATASTEEL 393.00