Outlook of Nifty & Bank
Nifty Today
Nifty Outlook:-
The Nifty50 started off the session on negative
note following correction in global peers on growth concern, but managed to
rebound in last hour of trade to close above 10,900 levels. The sharp fall in
oil prices which resulted into rupee appreciation boosted market sentiment on
Tuesday.
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Nifty Future Support-Resistance
|
|
|
R1/R2
|
10975/11100
|
|
S1/S2
|
10750/10590
|
Bank Nifty Outlook:-
Reversing
the early losses, Bank Nifty closed in the positive territory led by buying in
PSU Banks as Index closed more than 1 percent. Bank Nifty Futures continued to
add fresh long positions in the December series.
|
Bank Nifty
Future Support-Resistance
|
|
|
R1/R2
|
27450/27770
|
|
S1/S2
|
26900/26800
|
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