Nifty Maintains Positive Bias, Key Support Level Holds
Nifty Futures Chart
Nifty maintained above the 21,800 zone for the entire trading session with bias remaining positive with the broader markets also showing active participation to improve the sentiment overall. The index needs to sustain above the 21,800 level as of now and expect to retest the previous peak level of 22,150 zones in the coming days.
Biggest gainers on the Nifty included Wipro, M&M, SBI Life Insurance, Adani Ports and Maruti Suzuki, while top losers were Power Grid Corporation, ONGC, SBI, Britannia Industries and Reliance Industries.
Nifty Options CE Chart
Nifty Options PE Chart
Top Nifty Gainers
Top Nifty gainers were Wipro, Mahindra&Mahindra, SBI Life, Adani Port and Maruti suzuki
Top Nifty Losers
Top Nifty losers were Power Grid, ONGC, Britannia, SBI and Reliance.
Nifty Bank Holds Bullish Bias, Support Levels Identified
Bank Nifty Futures Chart
Nifty Bank bulls maintained their dominance, leading to positive momentum throughout the day. Despite facing minor rejections at the immediate hurdle of 46700 for the Nifty Bank, the overall undertone remains bullish.Any dips are seen as buying opportunities, especially with strong support identified in the 46000-45800 zone. The index, once it surpasses the hurdle of 46700 on a closing basis, is anticipated to open up further room for an upward move towards the 48000 mark.
Bank Nifty Options CE Chart
Bank Nifty Options PE Chart
Top Bank Nifty Gainers
Top Bank Nifty Gainers were Federal Bank, IDFC First Bank, Bandhan Bank, IndusInd Bank and PNB.
Top Bank Nifty Losers
Top Bank Nifty losers were SBI, Axis Bank, Kotak Mahindra Bank, Au Bank and Bank of Baroda.
