Outlook Of Nifty/bank nifty today


Nifty Outlook

As forecasted nifty took a dip today where Pharma was the sector which saw a major down side, on other hand Nifty IT performed well which became the major supporter for up side in Nifty Prices, as investor still believe in Mr. Sikka, who can lead the path for Infosys. We believe the prices to see more down side for Nifty for 8700 levels in coming days.


Bank Nifty:

Bank Nifty Outlook

Bank Nifty was totally affected by the result expectation of SBI we saw a good swing in prices but prices closed red for the day. As the result was good for SBI where Q3 Profit jumps to 134 percent i.e. 2610 Cr we expect some positive moves from banknifty on Monday till 20350..

Nifty Trends

R1 8890
R2 9050
S1 8750
S2 8600
Technical Outlook:

Nifty Day Performance

Open 8,819.80
High 8,826.90
Low 8,813.65
Close 8,793.55

Top Gainers

GRASIM 1014.90
TECHM 499.85
TCS 2382.90
INFY 967.00

Top Losers

BPCL 714.00
LUPIN 1466.50
DRREDDY 2975.95