Nifty:
Nifty Outlook
Nifty ended higher for the sixth consecutive session continuing the positive momentum built up in the previous trading session as well as able to close above 10400 mark ahead of macro data due later in the day IT stocks were the star performer in trade; with all large-cap, IT stocks moved higher ahead of Infosys’s result announcement tomorrow while Metals, PSU banks, realty and pharma stocks were under pressure. Nifty rested near around its immediate resistance i.e. of 10490-10500 breakouts could be seen in coming session. The next key support and resistance for the Nifty is at 10500 and 10340 respectively.
Bank Nifty:
Bank Nifty
Outlook Nifty bank too traded in line with nifty 50 and settled in green at 25184.3 after saw selling pressure in the very early trades. Bank Nifty closed near around its important resistance i.e. of 25280-25300 if able to give breakouts and sustain above it than Bullish moment could be seen ahead in Banking sector while on lower side 24850 will act a support for now.
To Get Free Trial
Missed call @ 9582541010
Call Us @ 8822117117
Mail Us = starindiamarket@gmail.com
Visit = http://www.starindiaresearch.com/freetrail.php
Nifty Outlook
Nifty ended higher for the sixth consecutive session continuing the positive momentum built up in the previous trading session as well as able to close above 10400 mark ahead of macro data due later in the day IT stocks were the star performer in trade; with all large-cap, IT stocks moved higher ahead of Infosys’s result announcement tomorrow while Metals, PSU banks, realty and pharma stocks were under pressure. Nifty rested near around its immediate resistance i.e. of 10490-10500 breakouts could be seen in coming session. The next key support and resistance for the Nifty is at 10500 and 10340 respectively.
Bank Nifty:
Bank Nifty
Outlook Nifty bank too traded in line with nifty 50 and settled in green at 25184.3 after saw selling pressure in the very early trades. Bank Nifty closed near around its important resistance i.e. of 25280-25300 if able to give breakouts and sustain above it than Bullish moment could be seen ahead in Banking sector while on lower side 24850 will act a support for now.
To Get Free Trial
Missed call @ 9582541010
Call Us @ 8822117117
Mail Us = starindiamarket@gmail.com
Visit = http://www.starindiaresearch.com/freetrail.php
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