Today Outlook of Nifty & Bank Nifty

Nifty Outlook:-

Bulls made a roaring comeback on a day that looked like a bearish day. A sharp recovery across sectors, particularly in the broader markets, helped the indices end sharply higher. The Nifty clocked 10,700 again and ended above that mark. The day began on a bearish note, with indices giving up key levels.

Nifty Future Support-Resistance

R1/R2 10800/11000
S1/S2 10500/10350

Daily Chart:

Bank Nifty Outlook:-

Equity markets have gained momentum in the last hour of trading and are hovering around the day’s high. Bank Nifty climbed 243 points to trade at 26,958. However, the index rose 600 points from intraday lows to 27,008. Maximum gains were seen in HDFC Bank, PNB, Bank of Baroda, and Kotak Mahindra Bank, which rose between 2-1% each.

Bank Nifty Future Support-Resistance

R1/R2 27450/28040
S1/S2 26400/25750

Daily Chart:

Technical Outlook:

Top Gainers

ZEEL 455.3
ADANIPORTS 376
BHARTIARTL 321.5
BAJAJFINSV 6,465.00

Top Losers

SUNPHARMA 414.95
YESBANK 179.5
TCS 1,892.00
INFY 643.9

 

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