Thursday 31 August 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

With the positive opening for the week, Nifty added a positive rally for the today, A movement of around  50 points was seen in the Index. Midcap counters gained for the day and was almost same for small-cap counters too. Although Nifty was not able to sustain above 9900 and again trading in a range of 9900-9700. Ahead, contract expiry will again be a focus for market tomorrow.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index traded on positive note for today.  Movement of around 150 points was seen in the Index. Overall for the day Index traded flat, as profit booking was seen in last trading hours. Private players were positive for the day, Yes Bank, HDFC were amongst them. For coming sessions index would trade in range and next 24000 can be seen as major support for the index.

Nifty Trends
   R1
9990
R2
10050
S1
9850
S2
9700


Technical Outlook

Nifty Day Performance
   Open
9,850.25
High
9,918.80
Low
9,846.50
Close
9883.60
Top Gainers
BOSCHLTD
23,000.00
HINDALCO
236.40
IOC
450.50
BPCL
521.00
Top Losers
TECHM
425.80
M&M
1,360.00
DRREDDY
2,033.00
NTPC
167.80

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