Outlook Of Nifty/bank nifty today

Nifty:

Nifty Outlook:

Equity benchmarks as well as broader markets closed moderately lower amid consolidation on Tuesday as investors remained sideways in the absence of any significant trigger at global and domestic front. However, D-Mart hogged the limelight, rising more than 114 percent on listing day.

Bank Nifty:

Bank Nifty Outlook :

In a scenario where liquidity is good but there is a bit of uncertainty on interest rates and on how the rupee is likely to behave, the market could trade in a band of 8600 on the downside and 9600-9800 on the higher side in the next 3-6 months.

Nifty Trends

R1 9170
R2 9240
S1 9080
S2 9020
Technical Outlook:

Top Gainers

GRASIM 1093.60
ITC 287.55
ONGC 194.00
HINDALCO 199.40
AMBUJACEM 237.50

Top Losers

IDEA 92.85
DRREDDY 2610.00
AXISBANK 489.00
AUROPHARMA 690.10
TATAMTRDVR 283.80