Nifty / Bank Nifty Outlook


Nifty

Nifty traded on negative note today. Index lost numbers in today’s trading session.  Nifty  took a gap up opening later took a fall and further slipped to the lower levels. Index closed below 10,500 level. Nifty-50 futures slipped and bears dominated the day, We may see Nifty witnessing support around 10350 – 10410 level. Midcap and small cap index too also lost and witnessed the negative numbers.

Bank Nifty

Bank Nifty Index saw a negative movement and lost the numbers in today’s trading session. Index was seen loosing and bears gained control for today’s trading session. Few PSU players in the sector as well as private banks slipped and lost the numbers for the day. Next 25110 can be seen as major resistance for the index.

Nifty Trends
   R1
10510
R2
10610
S1
10350
S2
10410


Technical Outlook

Top Gainers
TATAMOTORS
438.20
UPL
774.00
INFRATEL
378.65
ONGC
196.40


Top Losers
EICHERMOT
28,725.00
IBULHSGFIN
1,187.00
BHARTIARTL
516.70
BPCL
499.60


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