Outlook of Nifty & Bank
Nifty Today
Nifty Outlook:-
Nifty had formed an Inside Bar on the weekly
chart in the penultimate week. Last week, the pattern broke out on the upside,
leading to significant upside. On the way up, the benchmark index has crossed
its record high of 11,375 and entered into uncharted territory. In case of the
Nifty, the swing low of 11185 now becomes a major support.
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Nifty Future Support-Resistance
|
|
|
R1/R2
|
11400/11500
|
|
S1/S2
|
11290/11220
|
Daily Chart
Bank Nifty Outlook:-
Bank Nifty
ends on flat to negative note. The star performer in today’s session was the
PSU Bank stocks, after the strong earnings posted by Bank of Baroda. The Nifty
PSU Bank Index managed to end the day 4.3% higher. ICICI Bank also reacted
positively to its earnings numbers, ending the day 4.83% higher.
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Bank Nifty Future
Support-Resistance
|
|
|
R1/R2
|
27875/28075
|
|
S1/S2
|
27615/27400
|
Daily Chart
Technical
Outlook
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Top Gainers
|
|
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TECHM
|
680
|
|
DRREDDY
|
2,130.00
|
|
RELIANCE
|
1,184.15
|
|
HINDUNILVR
|
1,733.00
|
|
Top Losers
|
|
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AXISBANK
|
548.2
|
|
IBULHSGFIN
|
1,295.95
|
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EICHERMOT
|
27,798.00
|
|
HDFC
|
1,988.80
|
Missed call
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