Daily Nifty/BankNifty News Letter |Call@8602780449

Nifty:

Nifty Outlook

Bear dominated the movement today. Sharp fall was witnessed in the index, resisting the level of 9900, a pull back was seen from the level in later half of the day and Index touched the support level of 9750. Selling pressure was seen in midcap counters, PSU banks showed a corrective movement Despite being buyback announced in Infy, stock lost around 2% by today.

Bank Nifty:

Bank Nifty Outlook

Bank Nifty saw a weak rally in the day. Index witnessed a fall of almost 200 points by today. PSU banks declined and a weak movement was observed in other private players too. Index managed to gain in start of the day, but later was not able to sustain at higher levels. On first trading session of the week, Index took a good support of 23930 and further expecting to trade in a range.

Nifty Trends

R1 9850
R2 9950
S1 9650
S2 9550
Technical Outlook:

Nifty Day Performance

Open 9,869.95
High 9,884.00
Low 9,755.00
Close 9768.60

Top Gainers

AXISBANK 494.70
TECHM 431.50
M&M 1,378.55
EICHERMOT 31,600.00

Top Losers

INFY 870.15
BANKBARODA 142.00
IOC 413.70
ADANIPORTS 375.00