Outlook Of Nifty/bank nifty today

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Nifty 
Nifty traded on positive note today. Index gained strength and ended record higher, with the Nifty trading above 10,350 level, backed by banking stocks. Nifty-50 futures ended higher on bullish sentiments among traders, We may see Nifty witnessing resistance around 10450 – 10510 level. Midcap and small cap index too traded on positive sentiments.
Bank Nifty

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. Few PSU players in the sector as well as private banks gained for the day. Next 25300 can be seen as major resistance for the index.


Nifty Trends
   R1
10450
R2
10510
S1
10250
S2
10100


Technical Outlook



Top Gainers
YESBANK
315.15
LUPIN
1,025.00
INFRATEL
427.70
EICHERMOT
32,430.00

Top Losers
HCLTECH
838.75
HINDUNILVR
1,237.70
ITC
265.20
WIPRO
293.00



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