December 10, 2016

Nifty:  

Nifty Outlook

Performing on the same handles nifty just lift the prices little up compared to the previous week. Overall it was just a flat performance and it becomes difficult to judge the move of index in coming week. For the day it was a big downfall on Friday where nifty closed at 8843 down by 42 points. Expecting it to come till 8800 where on daily frame it’s a slow upside which can head to 8950 in coming week.

sensex-outlook_505_102413022611

 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

8900

R2

8960

S1

8845

S2

8780

Technical Outlook:

Nifty Day Performance

   Open

8,885.25

High

8,889.35

Low

8,830.10

Close

8843.65

Top Gainers

RELIANCE

1101.60

DRREDDY

3180.00

TCS

2400.00

HCLTECH

795.00

Top Losers

AXISBANK

590.10

ACC

1613.25

AMBUJACEM

258.20

LUPIN

1487.10

SEBI Register company-Star India Market Research-An investment advisor gives stock tips, equity tips, commodity tips, mcx tips, ncdex tips, agri commodity tips.

Starindiamarket

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