Tuesday 22 August 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today 

Nifty:  

Nifty Outlook

Bear dominated the movement today. Sharp fall was witnessed in the index, resisting the level of 9900, a pull back was seen from the level in later half of the day and Index touched the support level of  9750. Selling pressure was seen in midcap counters, PSU banks showed a corrective movement Despite being buyback announced in Infy, stock lost around 2% by today.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty saw a weak rally in the day. Index witnessed a fall of almost 200 points by today. PSU banks declined and a weak movement was observed in other private players too. Index managed to gain in start of the day, but later was not able to sustain at higher levels. On first trading session of the week, Index took a good support of 23930 and further expecting to trade in a range. 

Nifty Trends
   R1
9850
R2
9950
S1
9650
S2
9550


Technical Outlook

Nifty Day Performance
   Open
9,869.95
High
9,884.00
Low
9,755.00
Close
9768.60


Top Gainers
AXISBANK
494.70
TECHM
431.50
M&M
1,378.55
EICHERMOT
31,600.00


Top Losers
INFY
870.15
BANKBARODA
142.00
IOC
413.70
ADANIPORTS
375.00



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