Outlook Of Nifty/bank nifty today
Nifty:
Nifty
Outlook
Nifty gained traction after opening on a
flat note ending higher for the third consecutive session taking cues from
their Asian counterparts. Financials and FMCG stocks lead the rally, while IT
stocks underperformed as trader’s maintained caution ahead of Infosys’s Q4
results later this week. Upcoming quarterly results season, along with the
release of macroeconomic data points on industrial production (IIP) and
inflation are expected to determine the trajectory of key equity indices this
week. Nifty is looking strong for buy side for now 10430 will act as an
immediate resistance for now if able to give breakouts of this resistance and
sustain above it than it may head till 10490-10500 while on lower side 10340 is
support seen.
Bank Nifty:
Bank
Nifty Outlook
Bank Nifty extended positive move for the
third consecutive session Overall the Bank Nifty are displaying more strength
than weakness and closed above 200 DMA which further indicates buying in stock
in coming session. 25270 seen as a resistance while 24670 is support for now.
|
Nifty Trends
|
|
|
R1
|
10430
|
|
R2
|
10500
|
|
S1
|
10340
|
|
S2
|
10250
|
Technical Outlook
|
Top Gainers
|
|
|
BPCL
|
450.35
|
|
AXISBANK
|
517.4
|
|
HINDPETRO
|
366
|
|
HINDALCO
|
221
|
|
Top Losers
|
|
|
ZEEL
|
572
|
|
LUPIN
|
794.5
|
|
TATAMOTORS
|
358.25
|
|
INFY
|
1,111.45
|
Missed call
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