Outlook of Nifty & Bank
Nifty Today
Nifty Outlook:-
Nifty50
which started off on a muted note tracking muted global cues recouped most of
its losses and bounced back from its 5-days exponential moving average placed
at 10,899 to form a bullish candle for the fifth consecutive day in a row. The
Nifty formed a bullish candle on an intraday basis as the closing level was
higher than the opening level.
Nifty Future Support-Resistance
R1/R2
11110/11150
S1/S2
10850/10750
Bank Nifty Outlook:-
The Indian
equity markets witnessed a strong recovery despite opening gap down today. Bank
Nifty too witnessed a strong recovery and ended the weekly expiry just 17
points lower at 27340.50 after hitting an intraday low of 27155.
|
Bank Nifty
Future Support-Resistance
|
|
|
R1/R2
|
27425/27700
|
|
S1/S2
|
27150/26900
|
Missed call
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