Nifty Outlook - Weekly Report



Nifty


Nifty recorded another strong session hitting fresh life time highs on Friday. In fact the index formed a bullish engulfing pattern once again on the daily chart, which provides confirmation that the current upswing is likely to extend further.Support level continue to get upgraded, new support is seen around 10,780 levels. While Nifty has its eye on the 11,000 mark in the coming week.

Nifty Trends
   R1
10981
R2
11139
S1
10724
S2
10548

Technical Outlook




Top Gainers
IBULHSGFIN
1,303.30
ADANIPORTS
433.75
BAJFINANCE
1,706.00
ICICIBANK
354.15



Top Losers
AMBUJACEM
268.25
ULTRACEMCO
4,305.00
SUNPHARMA
572.25
POWERGRID
195.60

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