Friday 5 May 2017

Daily News Letter on Nifty

The 30-share BSE Sensex rose 231.41 points to 30,126.21 and the 50-share NSE Nifty climbed 47.95 points to 9,359.90, the highest ever closing level.ghest ever closing level.

Outlook Of Nifty/bank nifty today 

Nifty Outlook:  
The 30-share BSE Sensex rose 231.41 points to 30,126.21 and the 50-share NSE Nifty climbed 47.95 points to 9,359.90, the highest ever closing level. With the positive momentum, experts say they feel the market may move towards new record high on Friday but that is likely to be followed by some consolidation.

Bank Nifty Outlook:  
Nifty Bank ended to record closing high, driven by ICICI Bank post earnings. Positive European cues after status quo by Federal Reserve, and cabinet’s approval to National Steel Policy 2017 & amendments to Banking Regulation Act also aided market sentiment.

Nifty Trends
   R1
9380
R2
9475
S1
9270
S2
9180




Technical Outlook

Top Gainers
ICICIBANK
297.55
GRASIM
1,207.00
SBIN
299.80
ADANIPORTS
338.65
AXISBANK
518.00


Top Losers
HINDALCO
192.30
HCLTECH
815.85
TATAMOTORS
437.00
ZEEL
520.00
ONGC
188.70


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