Nifty/Bank Nifty News Letter For Monday
Index opened flat for the day but took good upside later and hit the high of 8454 in the last hour. A positive closing was made for the day at 8442. Still the resistance of 8450 seems heated up for the index prices to break it up. Also the prices are sustaining above the support level of 8400. We expect index to break the resistance soon.
Bank Nifty Outlook
Banking index opened red today by taking a dip in the first hour but a small recovery took place and brought the prices same to the opening levels, well closing was marked at 19150. Now 19230 had became a main resistance which will give a good breakout for new buying and some new high as well.
Nifty Day Performance