Monday 21 August 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today 

Nifty:  

Nifty Outlook

Market saw a sideways movement for the week. Traders managed to take a sigh of relief in between of geopolitical tension between North Korea-USA and India-China. Taking a good support of 9700 Nifty Index traded in 200 points range i.e. showed the numbers between 9900 to 9700. In start of the week a positive movement was seen, while in later half of the week a correction. Sikka’s exit from Infosys was the news which affected the stock and traders while it also impacted the Nifty number of last trading sessions.

Bank Nifty:  

Bank Nifty Outlook

After the last week’s correction in Bank Nifty, Index traded sideways, A major support of 23900 was seen from start of the week. Index managed a bit of gain in start the week but later bears dominated the bulls. Index sustaining above the 50-day moving average, closed around 24000. With Index, banking stocks too traded sideways for the week.

Nifty Trends
   R1
9990
R2
10150
S1
9700
S2
9550

Technical Outlook

Nifty Day Performance
   Open
9,869.00
High
9,869.00
Low
9,794.20
Close
9854.40


Top Gainers
INFRATEL
395.00
BPCL
504.60
EICHERMOT
31,589.95
HINDUNILVR
1,201.90


Top Losers
INFY
923.15
SUNPHARMA
470.45
ZEEL
511.00
VEDL
298.40



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