( PR4US.com | Press Release | 2018-08-01 15:05:35 )
Outlook of Nifty & Bank Nifty Today
Nifty had formed an Inside Bar on the weekly chart in the penultimate week. Last week, the pattern broke out on the upside, leading to significant upside. On the way up, the benchmark index has crossed its record high of 11,375 and entered into uncharted territory. In case of the Nifty, the swing low of 11185 now becomes a major support.
Bank Nifty Outlook:-
Bank Nifty ends on flat to negative note. The star performer in today’s session was the PSU Bank stocks, after the strong earnings posted by Bank of Baroda. The Nifty PSU Bank Index managed to end the day 4.3% higher. ICICI Bank also reacted positively to its earnings numbers, ending the day 4.83% higher.
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