Outlook Of Nifty / Bank nifty

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Nifty


Nifty traded on positive note today. Index added numbers and touched record high for the day. Nifty-50 futures traded around 10500 level, Midcap and small-cap counters gained and moved positive for the day. Following the global cues, index was positive Cipla, Bhartiartl added gains and were seen positive for the stocks. In further trading session 10610 can be market resistance for index.


Bank Nifty



Bank Nifty Index saw a positive note for today and traded around the highs , bulls dominated for the day. Private players performed well for the day, traded positive and gained for the day. PSU also traded positive and gained few numbers for the day. Next, 25800 can be seen as major resistance for the index.


Nifty Trends
   R1
10610
R2
10720
S1
10450
S2
10310

Technical Outlook

Top Gainers
BHARTIARTL
544.70
AMBUJACEM
273.50
CIPLA
612.85
BOSCHLTD
20,299.00

Top Losers
COALINDIA
263.30
SBIN
317.00
IOC
407.00
NTPC
178.40

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