Outlook of Nifty - Bank Nifty
Nifty traded on flat note with negative
bias for today. Index moved in a range and managed to close above 11000. Market
awaiting for signals for further movement. Midcap and small-cap counters lost
numbers and moved negative for the day. Tyre sector moved under pressure. In
further trading session 10900 can be market resistance for index.
Bank Nifty Outlook
Bank Nifty Index saw a sideways movement, gained numbers in second half
of the trading session. private players performed well as compared with the PSU
players. KOTAK Bank gained most and
traded positive for the day and managed to be among top gainers, also other few
private players too performed for the day. Next 27150 can be seen as major
resistance for the index.
Nifty Trends
|
|
R1
|
11200
|
R2
|
11350
|
S1
|
10900
|
S2
|
10750
|
Technical Outlook
Top Gainers
|
|
INFRATEL
|
352.00
|
KOTAKBANK
|
1,109.00
|
TECHM
|
611.00
|
RELIANCE
|
962.00
|
Top Losers
|
|
DRREDDY
|
2,224.00
|
TATASTEEL
|
706.60
|
UPL
|
751.40
|
HINDUNILVR
|
1,365.30
|
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