Outlook Of Nifty/bank nifty today

Nifty:

Nifty Outlook

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.

ispensable-tip

Bank Nifty:

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 Trends

R1 8440
R2 8520
S1 8320
S2 8250
Technical Outlook:

Nifty Day Performance

Open 8,454.90
High 8,457.00
Low 8,388.20
Close 8417.70

Top Gainers

AXISBANK 472.00
ITC 250.10
HDFC 1246.00
GAIL 450.95

Top Losers

IDEA 68.85
TCS 2250.00
HINDALCO 172.10
INFY 972.60