Nifty Outlook

Nifty traded on sideways note yet on positive bias today. Index gained strength in first half of the trading session later traded in same range, with the Nifty trading above 10,250 level, backed by positive sentiments of stocks. Nifty-50 futures ended mixed yet on bullish sentiments among traders, We may see Nifty witnessing resistance around 10410 – 10540 level. Midcap and small cap index too traded on positive sentiments.



Bank Nifty Outlook


Bank Nifty Index traded on sideways note yet on positive bias today and and sustained at positive note. Index was seen positive in first half of the trading session later the mixed movement was seen. Few  private players as well as PSU players among the banks gained for the day. Next 26000 can be seen as major resistance for the index.


Nifty Trends
   R1
10410
R2
10540
S1
10250
S2
10100


Technical Outlook

Top Gainers
GAIL
462.50
YESBANK
313.70
BOSCHLTD
19,419.70
VEDL
314.95


Top Losers
AMBUJACEM
264.80
DRREDDY
2,272.30
ULTRACEMCO
4,185.00
ICICIBANK
318.90

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