Outlook Of Nifty/bank nifty today

Nifty:

Nifty Outlook

Nifty traded on high volatile note for today. In morning session nifty gained numbers but in later half was seen loosing. Nifty-50 futures moved in the range and close above 10450 level. Similar pattern was seen in Midcap stocks and also same was for small cap counters too. For coming session market 10350 is considered to be a strong support.

Bank Nifty:

Bank Nifty Outlook

Bank Nifty Index saw a volatile movement for the day. Index rose and was seen trading positive in morning hours, later negative numbers were seen for the day. Taking a flat opening rose and managed to sustain above 25400. Few Private players gained marginally for the day, while PSU bank players were seen dragging. Next 252500 will act as strong support for the index for coming trading sessions.

Nifty Trends R1 10500 R2 10610 S1 10350 S2 10270

Technical Outlook

Top Gainers ADANIPORTS 408.75 LT 1,283.00 HINDALCO 276.50 ICICIBANK 314.90

Top Losers DRREDDY 2,340.55 WIPRO 309.85 BAJAJ-AUTO 3,232.00 ONGC 193.65

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