Friday 18 August 2017

Daily Nifty News Letter

 Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on sideways today. Bear dominated the market in last minute trading session for the day . Nifty-50 futures moved in the range and managed to trade above 9900 level. Pull back in Coal India was seen from the lower level and gained almost 5-percent for the day. Cipla, Kotak Mahindra lost the most for the day. For coming session again Bulls will have a struggle for further upward movement.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a sideways movement for the day. Morning hours strengthened the bull and was trading positive, in later hour fall was seen in the index. PSU players lead the recovery and PSU Index was down by half percent. Next 24700 will act as strong resistance for the index for coming trading sessions.


Nifty Trends
   R1
9880
R2
10135
S1
9775
S2
9610


Technical Outlook

Nifty Day Performance
   Open
9,927.90
High
9,940.00
Low
9,881.60
Close
9909.45


Top Gainers
INFY
1,021.05
NTPC
177.00
COALINDIA
247.00
VEDL
304.10
Top Losers
CIPLA
574.00
ACC
1,775.00
MARUTI
7,575.00
KOTAKBANK
984.45

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