Outlook of Nifty & Bank
Nifty Today
Nifty Outlook:-
After
days of rally, D-Street took a breather of sorts, after the Reserve Bank of
India (RBI) raised its repo rate by 25 bps to 6.5%. The policy comes amid
rising inflation and a falling rupee. The widening current account deficit in
an election year is also a key monitor able for the policymakers. The Nifty managed
to close just below 11,400-mark.
Nifty Future Support-Resistance
R1/R2
11410/11500
S1/S2
11280/11220
Bank Nifty Outlook:-
Bank
Nifty tanks central bank's Monetary Policy Committee also increased the reverse
repo rate by 25 bps to 6.25%, while keeping a neutral stance on policy. It
pegged retail inflation at 4.8 per cent for the second half of the current
fiscal. It also kept the GDP forecast for the current fiscal unchanged at 7.4
per cent and saw it at 7.5-7.6 per cent in the second half of the current
fiscal.
Bank Nifty
Future Support-Resistance
|
|
R1/R2
|
27880/27930
|
S1/S2
|
27475/27050
|
Daily Chart
Technical
Outlook
Top Gainers
|
|
COALINDIA
|
270.5
|
LUPIN
|
844
|
IOC
|
168.2
|
INFRATEL
|
293.1
|
Top Losers
|
|
HINDALCO
|
208
|
ICICIBANK
|
297
|
MARUTI
|
9,327.00
|
VEDL
|
217.95
|
Missed call
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