Outlook Of Nifty/bank nifty today Call@8602780449


Nifty Outlook

Nifty traded on positive note today, with gap-up opening from Friday’s close. In between of geo-political tensions, easing was seen in Index today and overall posted small gains. The Fibonacci ratio of 61.8% i.e.9700 level acted as good support in hourly chart for Index. Midcap and small-cap counters also posted gains for the day. Grasim and Tata power showed a good rally of 4-5 percent, on better than expected results.

Bank Nifty:

Bank Nifty Outlook

Bank Nifty gave a gap up opening for the day and managed to close on positive note. Major player in PSU banks, SBI traded almost 1% percent down, seeing to it its weak results. Private players in the segment posted gains, while PSU’s struggled. Bank of Baroda fell 0.25% as seen on the chart. Further Index eased today and managed with a positive closing, still geopolitical fears keeping the gains small.

Nifty Trends

R1 9880
R2 9983
S1 9700
S2 9610
Technical Outlook:

Nifty Day Performance

Open 9,778.25
High 9,837.80
Low 9,776.70
Close 9815.60

Top Gainers

CIPLA 569.50

Top Losers

BOSCHLTD 22,195.00
HCLTECH 862.00
BPCL 478.80