Outlook of Nifty & Bank Nifty Today
Nifty Outlook:-
Nifty
continues to venture in to uncharted territory as it inched closer to the
11,500-zone. Any decline seems to get arrested quickly on the downside; in
fact, the upswing is so strong that Nifty is not even breaching its short-term
5-DEMA. A break above the immediate resistance of 11,500 would further lift
Nifty towards the potential target of 11,600-11,650-levels, while 11,350
remains the crucial support.
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Nifty Future Support-Resistance
|
|
|
R1/R2
|
11510/11600
|
|
S1/S2
|
11350/11200
|
Daily Chart:
Bank Nifty Outlook:-
Bank
Nifty, on the other hand, has broken out from a fresh consolidation phase. This
indicates that the index has legs to rally further. Our monthly chart analysis
indicates that Bank Nifty has immediate resistance at the rising trendline of
28,750-28,800-levels, while support is upgraded to 28,000-levels.
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Bank Nifty
Future Support-Resistance
|
|
|
R1/R2
|
28150/28400
|
|
S1/S2
|
27800/27400
|
Daily Chart
Technical
Outlook
|
Top Gainers
|
|
|
SUNPHARMA
|
605.6
|
|
YESBANK
|
383.5
|
|
LUPIN
|
838.75
|
|
CIPLA
|
645.95
|
|
Top Losers
|
|
|
UPL
|
608.9
|
|
ADANIPORTS
|
372.35
|
|
HEROMOTOCO
|
3,266.40
|
|
BHARTIARTL
|
366.5
|
Missed call
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