Nifty | BAnk Nifty News Letter


Nifty Outlook

Nifty traded on high volatile note for today on expiry day. Nifty was seen gaining numbers in first half of trading session but in later half was seen loosing. Nifty-50 futures moved in the range and close above 10500 level. Midcap stocks and also seen moving and trading in similar pattern was seen in same was for small cap counters too. For coming session market 10350 is considered to be a strong support.



Bank Nifty Outlook


Bank Nifty Index saw a volatile movement for the day. Index rose and was seen trading positive in morning hours, later flat numbers for the day. Taking a flat opening rose and managed to sustain above 25400.  Few Private players gained marginally for the day, while PSU bank players were seen dragging. Next 25250 will act as strong resistance for the index for coming trading sessions.

Nifty Trends
   R1
10350
R2
10210
S1
10610
S2
10750

Technical Outlook

Top Gainers
HINDALCO
274.85
UPL
764.55
VEDL
333.05
DRREDDY
2,438.00


Top Losers
IOC
391.10
SBIN
308.30
BPCL
522.80
BAJAJ-AUTO
3,283.10

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