Outlook of Nifty & Bank
Nifty Today
Nifty Outlook:-
Bears are taking full control on Dalal Street as
the Nifty over 100 points intraday Wednesday, dented by weak global cues and
sharp rupee depreciation. The correction was long overdue because market had
rallied more than 10 percent year-to-date before this correction began. A good
recovery in the last hour helped the market close with shallow cuts.
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Nifty Future Support-Resistance
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|
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R1/R2
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11600/11650
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S1/S2
|
11400/11350
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Bank Nifty Outlook:-
Like Nifty,
Bank Nifty settled lower as investors stayed cautious due to sliding rupee,
surging bond yields, and oil prices. Bank Nifty
recovered 240 points from the low point of the day managing to end at 11518.25.
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Bank Nifty
Future Support-Resistance
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|
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R1/R2
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27650/28050
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S1/S2
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27300/27050
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Technical
Outlook
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Top Gainers
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|
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YESBANK
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344.05
|
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TATAMOTORS
|
268.75
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WIPRO
|
319.8
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HINDALCO
|
239.8
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Top Losers
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INFRATEL
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271.9
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ZEEL
|
478
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HINDUNILVR
|
1,606.25
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TITAN
|
865.35
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Missed call
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