Outlook Of Nifty/bank nifty today

Nifty Outlook:

The S&P BSE Sensex remained volatile throughout the trading session on Monday and hit a record high 31,214.39. As much as 37 stocks hit a fresh record high on the BSE. Stocks which hit fresh record high include names like Maruti Suzuki, IndusInd Bank, Savita Oil, Manpasand Beverages, Escorts, Finolex Industries, PC Jewellers, Shakti Pumps, Power Grid etc. among others. Riding the momentum, as much as 87 stocks hit a fresh 52-week on the BSE which include names like HDFC Bank, L&T, HUL, HDFC, Apar Industries, BPCL, Tata Steel, ITC, Hindalco, South India Bank etc

Bank Nifty Outlook:

According to latest depository data, FPIs invested a net Rs 9,007 crore in equities during May 2-26, while they poured Rs 15,769 crore in the debt markets during the period under review, translating into a net inflow of Rs 24,776 crore (USD 3.85 billion). FIIs bought more than Rs 10,000 crore worth of shares in current month while domestic institutional investors made Rs 4,500 crore worth of buying.

Nifty Trends

R1 9640
R2 9700
S1 9570
S2 9500

Technical Outlook:

Top Gainers

POWERGRID 209.95
CIPLA 505.95
HDFC 1,596.75
HINDUNILVR 1,073.00
ITC 315.35

Top Losers

SUNPHARMA 500.20
TECHM 380.05
ADANIPORTS 327.80
AUROPHARMA 511.00
BANKBARODA 173.25