Outlook of Nifty & Bank
Nifty Today
Nifty Outlook:-
The
benchmark indices ended at their record highs on expiry of July F&O
contracts. Once the Nifty closes above the 11,185 mark, expect this to become
the new support level for the index. The next resistance could come in at 11250
levels, a sure shot extension level of swing seen from 9,960(bottom of March
23) to 10,947 (top of May 15) and from 10,947 to 10,408 (bottom of May 23).
Nifty Future Support-Resistance
R1/R2
11185/11250
S1/S2
11090/10950
Bank Nifty Outlook:-
Star
performer in today’s session was Bank Nifty gaining 1.39%. The rally was led by
PSU Bank stocks after Canara Bank posted better than expected Q1 earnings;
ICICI Bank also posted strong gains ending 4.13% higher. Nifty PSU Bank Index
managed to end the day 5.53% higher.
|
Bank Nifty
Future Support-Resistance
|
|
|
R1/R2
|
27430/27665
|
|
S1/S2
|
27050/26680
|
Technical
Outlook
|
Top Gainers
|
|
|
SBIN
|
289.25
|
|
EICHERMOT
|
28,300.00
|
|
POWERGRID
|
182.1
|
|
GRASIM
|
1,021.50
|
|
Top Losers
|
|
|
YESBANK
|
367.45
|
|
MARUTI
|
9,390.00
|
|
IOC
|
159.5
|
|
HINDPETRO
|
276.9
|
Missed call
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