October 21, 2016


Nifty Outlook

For the beginning of session there was a good buying in the index but in the late hours a huge dip was marked on the Nifty ground. For the day a Doji candle was formed on chart. Where a positive air was surrounded earlier buy the dark clouds came later. For the course of week it was a flat performance by index and prices closed at 8808 a little down pull is still expected in the prices where we can see 8600 handle in coming days on other side 8900 can be achieved if the sellers are dominated by buyers.


 Bank Nifty:  

 For the course of week bank nifty is falling from 20300 and closed red @ 19944 no positive sign was seen in the banking index on other hand Yes Bank was the common stock to sit on day looser. Just for today we saw a good buying in the initial hours but it didn’t last long, all the way banking index saw a big break down.  For coming week a weakness is expected in the prices


Nifty Trends

   R1 8800
R2 8880
S1 8725
S2 8600

Technical Outlook:

Nifty Day Performance

   Open 8,808.00
High 8,878.80
Low 8,769.50
Close 8808.20


Top Gainers

EICHERMOT 23050.00
GRASIM 4850.15
ITC 262.20
BPCL 580.00


Top Losers

YESBANK 1174.65
BHEL 146.90
ZEEL 520.85

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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