Outlook Of Nifty/bank nifty today

Nifty:

Nifty Outlook

Nifty prices fell today after a long consolidation on day frame. Buyers were badly dominated by sellers in the couple of hours at the market opening, later a decent recovery took place and prices closed at 8805, a little correction can be seen in coming day as prices are settled at high node from a long time, we can see prices breaching at 8670 in coming day with a major resistance at 8850.

stock-market-news

Bank Nifty:

Bank Nifty Outlook

Bank Nifty opened at 20455 and took a dip till 20055, this was a sharp fall where prices just took an hour to get discounted. Rather all the day it was a little recovery for this long downside & Banking Index closed at 20225. Banking stocks were also jaw down over all first half of the day was for sellers. We expect some down side for tomorrow in bank nifty which can head to 20000 levels following the resistance at 20350.

Nifty Trends

R1 8890
R2 9050
S1 8750
S2 8600
Technical Outlook:

Nifty Day Performance

Open 8,816.30
High 8,843.80
Low 8,733.00
Close 8796.85

Top Gainers

INFRATEL 318.00
ZEEL 524.25
TECHM 485.05
TCS 2317.00

Top Losers

HINDALCO 184.00
CIPLA 589.00
TATASTEEL 460.30
NTPC 169.05