Outlook Of Nifty/bank nifty today

Nifty:

Nifty Outlook

Nifty slipped down today, selling pressure was witnessed in the index stocks. Fall of around 100 points was seen in the market. Worries of fresh tension between USA and North Korea was one of the reason, which kept the traders scared . Midcap counters also slipped for the day. Again for further session nifty is expected to trade in range, as contract expiry will also be one of the concern for traders.

Bank Nifty:

Bank Nifty Outlook

Bank Nifty Index traded on negative note for today. Fall of around 150 points was seen in the Index. On rebalancing of Nifty 50 Index, BankBaroda is excluded from the list, which resulted around 3% loss in the stock. Big players SBI being only PSU bank to be in Index 50 list. For coming sessions index would trade in range and next 23950 can be seen as major resistance for the index.

Nifty Trends

R1 9990
R2 10050
S1 9850
S2 9700
Technical Outlook:

Nifty Day Performance

Open 9,879.00
High 9,879.00
Low 9,782.70
Close 9799.00

Top Gainers

TECHM 433.00
M&M 1,375.00
ZEEL 518.50
WIPRO 290.85

Top Losers

BANKBARODA 139.95
NTPC 168.25
HINDALCO 227.35
TATAPOWER 77.00