December 4, 2016

Nifty Outlook

Nifty closed red for the day by giving a sense of negativity to the traders, it opened at 8641 and got bottom at 8568 handle. We found a pull in the price which was sustaining for last seven trading sessions. A cool down in the prices have been observed by this, as resulted the aggressive buying in index have been kicked out from last four days. Index prices can took correction till 8500 levels on the other side 8670 becomes a major resist for price to move up.

Business-Workshop

Bank Nifty Outlook

Making a sharp down trend from last four trading days today we saw Bank Nifty resting at 18693. Where the opening was labeled at 18795.Index made bottom at 18632. This down trend on chart can be seen till 18450 & 18150 levels. Any updates regarding GST can bring some blossom in index for coming trading session. On higher node 18900 is a restriction for the prices to see up.

 

Top Gainers Price
HCLTECH 825.70
INFRATEL 396.00
CIPLA 527.90
ASIANPAINT 1145.00
BOSCHLTD 24770.00
Top Losers Price
BHEL 133.45
ITC 252.15
TATAMTRDVR 312.50
TATAMOTORS 479.30
MARUTI 4870.00

 

NIFTY RESISTANCE & SUPPORT
Resistance (R1/R2) 8580/8620
Support (S1/S2) 8500/8450
Nifty Day Performance
   Open 8,641.00
High 8,649.25
Low 8,568.00
Close 8582.55

SEBI Register company-Star India Market Research-An investment advisor gives stock tips, equity tips, commodity tips, mcx tips, ncdex tips, agri commodity tips.

Starindiamarket

Comments are closed.

NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on MCXStar.com are their own, and not that of the website or its management. MCXStar.com advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.