Nifty / Bank Nifty outlook



Nifty:

Nifty traded on positive note today. Index surged up and added gains for the day. Nifty-50 futures traded around 10500 level, Midcap and small-cap counters gained and moved positive for the day. Following the global cues, index was positive. Cipla, Ambujacem, Infratel added gains and were seen positive for the stocks. In further trading session 10700 can be market resistance for index.

Bank Nifty:

Bank Nifty Index saw a positive note for today and gained almost 450 points for the day, while the bulls dominated for the day. Private players performed well for the day, Indian Bank traded positive and gained for the day. PSU also perform well and gained the numbers for the day. Next, 26200 can be seen as major resistance for the index.



Nifty Trends
   R1
10700
R2
10850
S1
10450
S2
10250



Technical Outlook




Top Gainers
CIPLA
616.00
AMBUJACEM
266.00
SUNPHARMA
584.90
INFRATEL
350.30



Top Losers
AUROPHARMA
601.00
NTPC
163.75
ONGC
188.75
ADANIPORTS
405.00



Comments

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