Nifty: Bullish Engulfing Pattern Emerges
Nifty Futures Chart
Nifty has formed a bullish engulfing pattern after two days of weakness. Additionally, the trend remains positive as the index has consistently stayed above the near-term moving average. Overall, the bulls may continue to exert control as the index has closed above the previous consolidation high. A decisive move above 22,200 might propel the index for a decent rally towards 22,400 in the near term. Support on the lower end is situated at 22,000.
Nifty Options CE Chart
Nifty Options PE Chart
Top Nifty Gainers
Top Nifty gainers were Tata Motors, TCS, Power Grid, Indusind Bank & Sunpharma.
Top Nifty Losers
Top Nifty losers were Heromotoco,Baj Finance, SBI, Bajaj Finserv & Divislab.
Bank Nifty Poised for Upside Breakout after Holding Support
Bank Nifty Futures Chart
Bank Nifty is concerned, it has been rangebound between 46300 – 47400. In today’s trading session it held on to the 40-day average (46300) and bounced back. We expect the positive momentum to continue over the next few trading sessions. On the upside immediate hurdle is placed at 47000 and above that 47200.
Bank Nifty Options CE Chart
Bank Nifty Options PE Chart
Top Bank Nifty Gainers
Top Bank Nifty Gainers were Federal Bank, Indusind Bank, Aubank, ICICI Bank & Kotak Bank.
Top Bank Nifty Losers
Top Bank Nifty losers were Bank of Baroda, HDFC Bank, Axis Bank, Bandhan Bank & IDFC First Bank.
