Outlook of Nifty | Bank Nifty

Nifty:  

Nifty Outlook

Nifty traded on negative note today. Index lost numbers in today’s trading session.  Nifty  took a gap up opening later took a fall and further slipped to the lower levels. Index closed above 10,450 level. Nifty-50 futures slipped and bears dominated the day, We may see Nifty witnessing support around 10250 level. Midcap and small cap index too also lost and witnessed the negative numbers.

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Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a negative movement and lost the numbers in today’s trading session. Index was seen loosing and bears gained control for today’s trading session. Few PSU players in the sector as well as private banks slipped and lost the numbers for the day. Next 25000 can be seen as major resistance for the index.

 

Nifty Trends
   R1 10700
R2 10910
S1 10250
S2 10110

 

Technical Outlook

 

Top Gainers
HINDPETRO 395.95
AUROPHARMA 613.40
BPCL 478.50
ONGC 189.30

 

Top Losers
AMBUJACEM 247.00
VEDL 313.20
BHARTIARTL 428.10
IBULHSGFIN 1,264.60

 

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