Daily Nifty News Letter
Outlook Of Nifty/bank nifty today
Nifty:
Nifty
Outlook
Nifty continued to trade with a positive
bias, highly volatile session ending higher for the 9th day in a row for the
first time since January 2015. Among sectoral indices, the Nifty Realty index
was over 1 percent higher led by a rise in the shares of Godrej Properties and
Indiabulls Real Estate. That apart, investor sentiments were positive during
the day following the forecast of a normal monsoon this year by the India
Meteorological Department. Nifty closed the session with the gains looking
positive for the coming session. 10640 will act as a major resistance for it
while 10350 is support for now.
Bank Nifty:
Bank
Nifty Outlook
Bank Nifty managed to hold above the Head
and Shoulder neckline but closed below 100 daily moving average buying activity
may seen if able to trade above it. Immediate resistance is around 25830-25850
while 24930-24900 are support.
Nifty Trends
|
|
R1
|
10650
|
R2
|
10730
|
S1
|
10430
|
S2
|
10350
|
Technical Outlook
Top Gainers
|
|
POWERGRID
|
204.9
|
HINDUNILVR
|
1,450.50
|
TITAN
|
999
|
BHARTIARTL
|
382.5
|
Top Losers
|
|
INFRATEL
|
333.5
|
AXISBANK
|
532.45
|
WIPRO
|
285.25
|
SUNPHARMA
|
513
|
Missed call
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Sensex up 100 pts, Nifty hovers near 10,600; Pharma cos gain
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