Nifty:
Nifty
Outlook
Nifty opened gap up and traded with a
positive bias right through the day before gaining further traction in the
final hour of trade after the Reserve Bank of India kept the repo rate
unchanged at 6% in the first Monetary Policy Committee (MPC) meet of financial
year 2019. Nifty closed above 10,350 mark for the first time since March 15
this year. The index formed a Bullish Marubozu Candle on the daily chart and
negated the effect of the Bearish Engulfing pattern which was formed in the previous
session. For now, Nifty is looking bullish in coming session for now 10250 will
act as an immediate support for it.
Bank Nifty:
Bank
Nifty Outlook
Bank Nifty started with a big gap thanks
to strong global cues picked up momentum soon after Banks welcomed the RBI
statement saying the implementation of Indian Accounting Standards (IndAS)
deferred by one year and lower inflation forecast for current financial year
2018-19. PSU Bank index rallied 5 percent followed by Nifty Bank, Financial
Services and Private Bank that gained around 2.5 percent.
|
Nifty Trends
|
|
|
R1
|
10430
|
|
R2
|
10500
|
|
S1
|
10250
|
|
S2
|
10120
|
Technical Outlook
|
Top Gainers
|
|
|
HINDALCO
|
213.9
|
|
VEDL
|
289.55
|
|
SBIN
|
260.8
|
|
BAJAJFINSV
|
5,500.00
|
|
Top Losers
|
|
|
CIPLA
|
560
|
|
BHARTIARTL
|
394
|
|
| |
Missed call
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