Outlook Of Nifty/bank nifty today

Nifty:

Nifty Outlook

Nifty prices sustain well on the major support and closed well at 8743. Still we can see a positive wave of budget today as well. Expecting prices to breach for the handle of 8820. In the last day of week. Where a mixed sentiment from the world market can be seen with a major negativity.

Stacks of coins

Bank Nifty:

Bank Nifty Outlook

As forecasted in our previous report we saw an upside in Bank Nifty prices. Prices pulled to 20208 and closed positively at 20117. We are still bullish on index and on banking stocks of index to be on positive node further as well. Where major focus will be on PSU Banks.

Nifty Trends

R1 8840
R2 9050
S1 8640
S2 8500
Technical Outlook:

Nifty Day Performance

Open 8,730.00
High 8,773.80
Low 8,697.30
Close 8743.95

Top Gainers

DRREDDY 3097.15
TECHM 464.00
AUROPHARMA 689.00
SUNPHARMA 641.00

Top Losers

HINDALCO 193.15
M&M 1266.00
ACC 1429.00
INDUSINDBK 1275.80