Daily Nifty/BankNifty News Letter |Call@8602780449
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 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 Day Performance