January 23, 2017

Nifty:  

Nifty Outlook

Nifty took upside as forecasted yesterday, but in the beginning of the day prices floated flat but later after 12 sharp pull was seen in index as well in stocks too. Some fresh buying was initiated and this could lead to 8470 in coming days. Where support falls at 8330. Since its the time of results so we believe a good push in index.

bank-nifty

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty opened gap up, and as forecasted prices traded up till 18904. Where closing was marked at 18839 we expect some more up side in index prices supported with banking stocks and with PSU Banks as well.19140 performing as a major resistance on chart and 18450 as a major support.

Nifty Trends

   R1 8440
R2 8520
S1 8320
S2 8250

Technical Outlook:

Nifty Day Performance

   Open 8,335.00
High 8,399.80
Low 8,324.00
Close 8387.20

 

Top Gainers

INDUSINDBK 1235.00
HINDALCO 174.55
COALINDA 317.70
BANKBARODA 159.45

 

Top Losers

BAJAJAUTO 2710.25
HCLTECH 830.05
ITC 247.00
RELIANCE 1084.80

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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