February 23, 2017

Outlook Of Nifty/bank nifty today

Nifty Outlook

Index gave a good upside for the day where a consistence positive move was seen all the day by a higher high and higher low candles. In short it was buyers day a good potential buying was seen for the day with a good volume support. For the day prices opened at 8561 and closed at 8680, gain of 155 points was marked.

Bank Nifty:

Good buying was seen in Banking sector for the day where the index prices rose 435 points. For
the day HDFC & ICICI was the major gainer where HDFC gain 4%. Bank nifty opened at 19238 and
covered the downfall of three days. Now we are heading for a new resistance 19800.

Nifty Trends

R1                 8730

R2                 8800

S1                  8600

S2                  8520

Technical Outlook:

Nifty Day Performance

Open            8,561.00

High             8,687.00

Low               8,560.05

Close            8679.85

Top Gainers:

ADANIPORTS          268.05

HDFC                             1355.00

ICICIBANK                269.20

TECHM                        423.90

Top Losers:

INFRATEL                  354.05

ONGC                             276.70

ASIANPAINTS         1175.00

BPCL                               656.50

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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