Nifty traded on sideways today. Bear dominated the market in last minute trading session for the day . Nifty-50 futures moved in the range and managed to trade above 9900 level. Pull back in Coal India was seen from the lower level and gained almost 5-percent for the day. Cipla, Kotak Mahindra lost the most for the day. For coming session again Bulls will have a struggle for further upward movement.
Bank Nifty Outlook
Bank Nifty Index saw a sideways movement for the day. Morning hours strengthened the bull and was trading positive, in later hour fall was seen in the index. PSU players lead the recovery and PSU Index was down by half percent. Next 24700 will act as strong resistance for the index for coming trading sessions.
Nifty Day Performance