Outlook Of Nifty/bank nifty today
A big down side at the time of opening was seen in index prices, where for the day flat move took place all the day long. A sharp price drop was noticed onto nifty 50 stocks as well. Short break in trend line was seen on weekly chart where prices didn’t closed lower, in coming weeks one can look for Reliance Ind. , DHFL as we expect some good result from them, there are many more stocks as well.
Bank Nifty Outlook
Bank Nifty opened gap up and gave a dip in prices with no time delay, banking stocks reacted the same and fell jaw down. But later the recovery came and axisbank became the buyers choice and gain almost 3.70 %. For coming week we expect some good result for Q4 from Federal bank, Yesbank & Axis bank.
Nifty Day Performance