Today Nifty/Bank Nifty News Letter

Nifty:

Nifty Outlook

Nifty gave a long red candle for the day where the opening was very positive even we got a break through the 9000 level but this break became false and prices rolled all the way down to 8898 and closed negatively at 8912. The good thing was that prices sustained the support handle. We expect some correction in prices for tomorrow to the level of 8880

stock-market-bull

Bank Nifty:

Bank Nifty Outlook

Weakness in bank nifty prices were seen today where it went down to 20580 a down side of 215 was marked today. Also the gap was covered today, which was formed on chart yesterday. We expect some more down side for tomorrow for the level of 20500 for the day Baharatfin and Icicibank were the most active stock.

Nifty Trends

R1 9020
R2 9080
S1 8900
S2 8850
Technical Outlook:

Nifty Day Performance

Open 9,001.00
High 9,018.30
Low 8,898.25
Close 8917.20

Top Gainers

TATAMTRDVR 282.55
TATAMOTORS 461.30
BAJAJAUTO 2835.00
ULTRATECMCO 3818.60

Top Losers

BPCL 631.00
IDEA 109.55
ADANIPORTS 293.75
SUNPHARMA 676.70