Today Nifty/Bank Nifty News Letter

Nifty Outlook

Index gave a good closing for December contract at 8104. Where a down pull was expected for today. Sustaining lower side on the prices of June 2016, overall trend of index price was in a down side for 2016. A positive recovery is expected for 2017 for coming days we can expect prices to reach till 8250 levels.

Bank Nifty:

Bank Nifty Outlook

Bank Nifty took a positive swing today with 153 points at 2016 closing. It opened at 17870 and made high of 18049, closed near to high at 18018. For the day Yesbank was the buyer’s choice in banking sector. We expect the prices to rise till 18250 in coming days. Where support fall at 17800.

Nifty Trends

R1 8180
R2 8250
S1 8040
S2 7960
Technical Outlook:

Nifty Day Performance

Open 8,028.00
High 8,109.00
Low 8,025.00
Close 8101.30

Top Gainers

GRASIM 843.15
YESBANK 1150.30
BPCL 635.05
EICHERMOT 21500.00

Top Losers

INFY 990.00