Outlook Of Nifty/bank nifty today

Nifty Outlook:

Equity benchmarks extended losses for third consecutive session on Monday, with the Nifty closing below 9150 level amid sluggish trade. Investors remained cautious amid rising geopolitical tensions, weak bank credit growth and muted start to March quarter earnings season by Infosys. All eyes are on TCS numbers due tomorrow

Bank Nifty Outlook:

Asian equities closed mixed following tensions in the Korean Peninsula and better-than-expected Chinese economic data. Media reports indicated that North Korea tested a missile which “blew up” soon after launch, following a military parade over the weekend.Back home, Indiabulls Real Estate was the biggest gainer on bourses, up 40 percent on hopes of good value unlocking for commercial business after a restructuring plan.

Nifty Trends

R1 9180
R2 9260
S1 9100
S2 9040

Technical Outlook:

Top Gainers

GAIL 396.30
GRASIM 1,074.90
RELIANCE 1,391.45
IBULHSGFIN 973.25
POWERGRID 202.20

Top Losers

INFRATEL 343.60
NTPC 159.70
BOSCHLTD 22,657.75
SUNPHARMA 675.50
COALINDIA 285.40