October 22, 2016


Nifty Outlook

Nifty gave a good buying opportunity to buyers where prices too sustain the positive node. It seems like we are heading for the handle of 8900 and 9000 if the volume contribution remains the same like this and good news keep buzzing into the market we could achieve 9000 handle in current week. For the day auto sec was the loosing one, where Maruti,  Bajaj Auto and Heromotoco were the main loosers.


 Bank Nifty:  

Bank Nifty gave a neutral move for the day. It seems to be in a tight range where prices are bounded  in bracket of 19900 to 20055. We expect a big move in coming days as a result of this long consolidation. Where prices can lift up for the handle of 20200 and  20500. For the day we got Doji candle on chart which can result a green candle in tomorrow’s trading session.

Nifty Trends
   R1 8880
R2 9050
S1 8740
S2 8580

Technical Outlook:

Nifty Day Performance
   Open 8,811.90
High 8,848.40
Low 8,798.85
Close 8832.10


Top Gainers
TCS 2415.00


Top Losers
MARUTI 5493.45

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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