Daily Nifty - Bank Nifty News Letter

Nifty


Nifty traded on positive note today yet was sideways for the day, with the Nifty trading above 10,150 level, backed by Reliance Industries and ICICI Bank. Nifty-50 futures ended higher and managed to close above 11000 level, We may see Nifty witnessing resistance around 11200 – 11310 level. Currently, Stock-specific approach will be more positive to trade on.

Bank Nifty


Bank Nifty Index saw a positive rally and ended on sideways note for the day. Index was trading 100 points lower as compared to yesterday. Overall bulls were seen dominating the day. Major PSU players in the sector traded mixed, while private players were seen on the same note. Next 27300 can be seen as major resistance for the index.


Nifty Trends
   R1
11200
R2
11350
S1
11050
S2
10900


Technical Outlook

Top Gainers
HINDPETRO
391.50
IOC
416.00
BPCL
480.90
HEROMOTOCO
3,682.60



Top Losers
EICHERMOT
26,675.00
KOTAKBANK
1,085.80
INFRATEL
345.00
BOSCHLTD
19,433.00

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