Outlook of Nifty & Bank
Nifty Today
Nifty Outlook:-
Bears
tightened grip on Dalal Street. Weakness in global peers and selling pressure
in banks, auto, FMCG and metals stocks dampened market sentiment. The sharp fall for second straight session and correction by
around 300 points strengthened the bearish sentiment, Nifty could drop below
10,600 levels if it stays below the 200-DMA, which is placed around 10,767
levels.
|
Nifty Future Support-Resistance
|
|
|
R1/R2
|
10800/11000
|
|
S1/S2
|
10550/10350
|
Bank Nifty Outlook:-
Bank Nifty failed to surpass 26,950 zones and
corrected towards its major support of 26,666 levels. It formed a bearish
candle and started to form lower lows for third consecutive session. Now if it
sustains below 26,666 zones weakness could be seen towards 26,500 and lower
levels while on the upside hurdles are seen at 26,950-27,000 zones.|
Bank Nifty
Future Support-Resistance
|
|
|
R1/R2
|
26990/27450
|
|
S1/S2
|
26290/25700
|
Missed call
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