Outlook Of Nifty/Bank Nifty For Coming Market Day

Nifty Outlook:

As forecasted yesterday we saw index approaching the 9000 handle but can’t sustain above 9000. Prices closed red at 8958 and opening was hit at 8975 for the day prices dropped at 8916. We expect some correction in coming days to 8900.

Bank Nifty Outlook:

We saw a break to 20900 today which was forecasted in previous report. But prices can’t sustain above it we got closing at 20797 and looking on the chart the consolidation of last four days got a break and now we expect some more upside from the current level .

Nifty 50 Gainers

Stock Price
BOSCHLTD 22760.05
BHARTIARTL 364.90
INFRATEL 309.00
YESBANK 1481.75
LT 1493.00

Nifty 50 Losers

Stock Price
TECHM 476.50
BPCL 622.25
GRASIM 996.00
ICICIBANK 270.50
NTPC 156.70
Nifty Resistance & Support

R1 / R2 9010/9080
S1 / S2 8910/8840