News Letter - NIFTY | BANK NIFTY
Nifty Outlook
Nifty traded on positive
note today. Index gained strength and ended record higher, with the Nifty
trading above 10,250 level, backed by banking stocks. Nifty-50 futures ended
higher on bullish sentiments among traders, We may see Nifty witnessing
resistance around 10370 – 10450 level. Midcap and small cap index too traded on
positive sentiments.
Bank Nifty Outlook
Bank Nifty Index saw a positive rally and
ended around the record high. Index opened on positive note and also traded
positive for the day. Bulls were seen
dominating the day for the Index. Major PSU players in the sector as well as
private banks did not gains much. Next 25200 can be seen as major resistance
for the index.
Nifty Trends
|
|
R1
|
10370
|
R2
|
10450
|
S1
|
10200
|
S2
|
10100
|
Technical Outlook
Top Gainers
|
|
BPCL
|
536.05
|
HINDPETRO
|
480.00
|
IOC
|
433.00
|
CIPLA
|
614.00
|
Top Losers
|
|
HCLTECH
|
865.00
|
ICICIBANK
|
297.10
|
IBULHSGFIN
|
1,248.00
|
SBIN
|
318.30
|
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