Daily Nifty - Bank News Letter

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Nifty:

Nifty slipped down today, selling pressure was witnessed in the index stocks. Fall of around 100 points was seen in the market. Budget session was one of the reason, which kept the traders cautious . Midcap counters also slipped for the day. Again for further session nifty is expected to trade in range and 10800 can be seen as major resistance for the index.

Bank Nifty:

Bank Nifty Index traded on negative note for today.  Fall of around 500 points was seen in the Index. On rebalancing of Nifty 50 Index, PSU players as well as private players were lost for the day and traded weak for the today’s session. Budget session kept the market worried and so affected the sentiments. For coming sessions index would trade in range and next 27000 can be seen as major support for the index.


Nifty Trends
   R1
11150
R2
11250
S1
10800
S2
106500


Technical Outlook

Top Gainers
M&M
801.00
EICHERMOT
28,210.05
BAJFINANCE
1,742.90
LT
1,458.00


Top Losers
SUNPHARMA
555.40
ONGC
195.45
DRREDDY
2,160.00
AUROPHARMA
611.20


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