Outlook Of Nifty/bank nifty today
Nifty:
Nifty
Outlook
Nifty finally closes above the neckline
(10,230 levels) of the Inverse Head and Shoulder pattern on the smaller time
frame chart and has closed above the same. This confirms that the short term
trend has probably reversed. However, multiple resistance awaits going forward,
Declining Channel falling trendline at 10,275 and 100-DMA of 10,350 are major
hurdles in near term for Nifty.
Bank Nifty:
Bank
Nifty Outlook
After trading the day largely rangebound
Bank Nifty intense buying in the last hour pushed up despite weakness in global
peers, with gains in lenders such as State Bank of India, ICICI Bank and Axis
Bank. Bank Nifty able to close above 24530 which indicates buying in coming
session.
Nifty Trends
|
|
R1
|
10350
|
R2
|
10500
|
S1
|
10200
|
S2
|
10100
|
Technical Outlook
Top Gainers
|
|
IBULHSGFIN
|
1,301.00
|
ICICIBANK
|
270.2
|
M&M
|
770
|
BAJAJFINSV
|
5,414.00
|
Top Losers
|
|
TECHM
|
615.95
|
WIPRO
|
284.25
|
HINDALCO
|
207.85
|
TITAN
|
929.25
|
Missed call
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