Nifty/bank nifty New For Monday

Nifty:

Nifty Outlook

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.

stock_market

Bank Nifty:

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 Trends

R1 8490
R2 8550
S1 8375
S2 8300
Technical Outlook:

Nifty Day Performance

Open 8,400.00
High 8,434.00
Low 8,352.20
Close 8362.65

Top Gainers

GAIL 464.95
IDEA 69.40
BPCL 674.00
TATAMTRDVR 337.20

Top Losers

AXISBANK 480.70
AUROPHARMA 714.00
LUPIN 1475.15
SUNPHARMA 641.80