Outlook of Nifty - Bank Nifty



Nifty Outlook

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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