December 3, 2016

Nifty Outlook:

Nifty ended flat for the day. We saw a good buying in the beginning of the session but at the closing time we saw a sharp falling in index. Lastly prices sustained the support handle of 8790 and close well for the course of the day nifty fell 19 points and closed at 8817.00. tomorrow we can see a little correction in the index prices. Which can hit for 8750.

stock

Bank Nifty:

This was a choppy day for bank nifty where it closed flat where prices felt exhausted to move up and we closed on resistance. following the trend we are still positive on the banking index and expect prices to move up. But a little recovery can take place at the opening time. So if the 19920 handle gets broke we can head for fresh buy in bank nifty.

Nifty Gainers

Stock

Price

GAIL

392.40

LUPIN

1507.00

M&M

1458.00

HDFC

1425.90

ULTRACEMCO

4085.00

Nifty Losers

Stock

Price

IDEA

83.25

BHARTIARTL

310.15

RELIANCE

1028.05

BHEL

135.10

BPCL

588.45

Nifty Resistance & Support

R1 / R2

8888/8940

S1 / S2

8790/8700

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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