Index traded range-bound today. With no much movement, Index moved in almost a range of 100 points i.e. 9850 to 9750. Mostly profit booking impacted the index and had lead to the movement today. Midcap counters too underperform. For coming day, 9700 prove to be a very good support. A pull back of 1% was seen in Infy, after the corrective rally in the stock.
Bank Nifty Outlook
Bank Nifty moved sideways for the the day. Index moved in range of 100-150 points by today. PSU banks remain under pressure and a weak movement was observed in other private players too. Yes Bank initially lost in morning session, later retained the levels. Further, 23800 seem to be a good support for the market.
Nifty Day Performance