Daily Nifty News Letter

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 Outlook Of Nifty/bank nifty today

 Nifty: 

Nifty Outlook 

The Nifty recovered sharply in the last hour of trades on Friday; however, daily chart analysis indicates the index formed a Doji candle stock pattern on Thursday followed by a Hanging Man kind of candlestick pattern on Friday. These are signs of uncertainty and also a possible reversal may be on the cards going forward. With the Union Budget to be announced next week it is advisable to remain cautious and sticking to stock specific activity should be adhered to in the short term.


                                                      
                                NIFTY Trends





                      R1
                    11191
                      R2
                    11346
                      S1
                    10924
                      S2
                    10761

Technical Outlook
                                             
                 
 NIFTY  Top Gainers
                                    

         IBULHSGFIN
     1,399.35
          ICICIBANK
     360.00
          ULTRACEMCO
     4,360.00
           VEDL
     345.40



  Nifty Top Losers
 
 
UPL
768.50
SBIN
311.90
ADANIPORTS
436.00
AUROPHARMA
639.90  




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