February 28, 2017

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.


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
CIPLA 527.90
BOSCHLTD 24770.00
Top Losers Price
BHEL 133.45
ITC 252.15
MARUTI 4870.00


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.


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