Nifty / Bank Nifty Outlook



Nifty

Nifty traded on positive note today. Index surged up and made a record high for the day. Nifty-50 futures touched 10682 level, new high. Midcap and small-cap counters gained and moved positive for the day. Following the global cues, index was positive. IT companies added gains and were seen positive for the day. In further trading session 10710 can be market resistance for index.

Bank Nifty


Bank Nifty Index saw a positive note for today and gained almost 150 points for the day, while the bulls dominated for the day. Private and PSU players performed well for the day and were seen gaining marginally, IDFC Bank traded positive and gained for the day. Next, 25800 can be seen as major resistance for the index.


Nifty Trends
   R1
10710
R2
10650
S1
10580
S2
10451


Technical Outlook


Top Gainers
INFY
1,076.50
IBULHSGFIN
1,228.05
BHARTIARTL
515.90
KOTAKBANK
1,017.80


Top Losers
WIPRO
320.05
INDUSINDBK
1,700.70
AMBUJACEM
271.90
CIPLA
612.05

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