Outlook of Bank Nifty Today

Bank Nifty Outlook:-

Bank Nifty closed higher at 0.51% up Bank Nifty April Future added fresh open interest, indicating a build-up of short positions. On the options front (APRIL expiry), across the board put long was seen in major out of the money strikes, while short build up was seen in major call option strikes of Nifty & Bank Nifty.

Bank Nifty Future Support-Resistance
R1/R2 30450/30650
S1/S2 29677/29319

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Outlook of Nifty Market

Nifty Outlook:-

Indian Equity markets traded with a positive bias as strong recovery was witnessed in the last two hours of the session with both Nifty & Bank Nifty index closed in the green. Nifty PSU bank and Nifty midcap index outperformed the benchmark index, closing 0.8% and 0.5% higher respectively. Nifty IT index closed marginally higher up 0.2% ahead of Q4FY19 earnings of major heavyweights like TCS & INFY. Market breadth ended in the favour of the advances.

Nifty Future Support-Resistance
R1/R2 11726/11850
S1/S2 11560/11450

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Outlook of Nifty Today

Nifty Outlook:-

The Sensex was up 184.78 points at 39,056.65, while Nifty is up 44.05 points at 11,713.20. About 826 shares have advanced, 899 shares declined, and 364 shares are unchanged. TATAMOTORS , BHARTIARTL,EICHERMOT, SBIN, BAJFINANCE were the top gainers on the Nifty, while losers include ZEEL , BPCL, BAJAJ AUTO.

Nifty Future Support-Resistance
R1/R2 11650 /11700
S1/S2 11500/11450

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Outlook of Bank Nifty Today

Bank Nifty Outlook:-

Equity benchmark market has gained momentum in the afternoon session as the rally was led by Bank Nifty, realty, media, IT pharma and FMCG sectors. The Nifty Bank index was trading higher by 0..092% at 30,354.25.

Bank Nifty Future Support-Resistance
R1/R2 30648/30846
S1/S2 30071/29718

Daily Chart:

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Outlook of Nifty Today

Nifty Outlook:-

The index formed an ‘Inside Bar’ for the day. Nifty50 jumped in late trade on Wednesday and eventually formed a bullish candle on the daily chart. the trading range did not expand and was within the previous session’s high-low range. With the advance-decline ratio still in favour of the bears, upsides, in any, remained vulnerable to selloffs. The index may need to move past the 11,710-61 range to instil confidence.

Nifty Future Support-Resistance
R1/R2 11714/11756
S1/S2 11600/11550

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Outlook of Bank Nifty Today

Bank Nifty Outlook:-

The Nifty PSU Bank index was trading 1% high on Tuesday amid heavy buying in Canara Bank, Bank of India, Union Bank, Syndicate Bank, and Bank of Baroda. Shares of Canara Bank and Bank of India, which gained 3%, were leading the index’s gain. Shares of Union Bank were trading 2% higher, while those of Syndicate Bank, Bank of Baroda, J&K Bank, and PNB were trading 1% each.

Bank Nifty Future Support-Resistance
R1/R2 30500/31000
S1/S2 29750/29200

Daily Chart:

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