December 8, 2016

Nifty Outlook:

Nifty opened gap up and broke the resistance, supported by a good buying volume prices settle at 8961. Where opening was marked @ 8891, total 121 points of positive move was taken for the day and trading at the high from March 2015 index had opened a new door to challenge the buyers. We feel prices to hit 9050 for next trading session.

9551-3d-bar-graph-meeting-pv

Bank Nifty:

Bank Nifty gain 524 points for the day, this was the biggest move for the day. Banking index opened @20140 and breaking all the resistance it hit to 20531 where closed in a positive mood of 20496. Looking the volume bar buyers still seems positive and boosted for further buying in banking sector. We expect prices to hit new handle of 20650 for tomorrow.

 

Nifty Gainers

Stock Price
TATAMOTORS 587.75
AXISBANK 636.80
TATAMTRDVR 371.85
YESBANK 1448.00
ICICIBANK 272.40

 

 

Nifty Losers

Stock Price
TCS 2484.70
COALINDIA 328.40
TATAPOWER 78.50
ULTRACEMCO 4073.00
SUNPHARMA 780.10

Nifty Resistance & Support

R1 / R2 9050/9120
S1 / S2 8835/8750

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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