Outlook of Nifty - Bank Nifty

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Nifty Outlook

Nifty traded on positive note today. Index surged up and made a record high for the day. Nifty-50 futures took a gap up opening and touched a level of 11185. Midcap and small-cap counters gained and moved positive for the day and later consolidation seen. IT companies gained numbers and were seen positive for the day. In further trading session 11550 can be market resistance for index.


Bank Nifty Outlook


Bank Nifty Index saw a positive note for today and gained around 250 points for the day, while the bulls dominated for the day. Private and PSU players performed well for the day and were seen gaining initially later profit booking was seen, Kotak Bank traded positive and gained for the day. Next, 27800 can be seen as major resistance for the index.

Nifty Trends
   R1
11150
R2
11351
S1
11100
S2
10950


Technical Outlook


Top Gainers
EICHERMOT
27,550.00
MARUTI
9,612.45
HDFC
1,971.50
INFRATEL
352.40


Top Losers
DRREDDY
2,360.00
LUPIN
909.70
GAIL
477.40
BHARTIARTL
440.60



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