Daily Nifty News Letter

Outlook Of Nifty/bank nifty today Nifty Outlook:   The S&P BSE Sensex reclaimed mount 30K earlier this week to hit a fresh record high and if earnings recovery happens better than estimates, then Sensex could well hit mount 39K by December 2017, Morgan Stanley said in a report. Earnings revisions will likely turn positive in the coming six months after six years in negative territory. Valuations are not yet stretched against history, other markets and bonds. Rising demand for equities from domestic households and potential M&A activity could take multiples higher in coming months. Bank Nifty Outlook:   The rally in the Indian market is led by strong domestic and global liquidity. Domestic institutional investors (DII), which include mutual funds, have poured in more than Rs 1 lakh crore in Indian equity markets since May 2014 while foreign institutional investors (FIIs) bought just Rs 30,000 crore worth of equities in the same period,  Overall it was another consolidation day for the market after hitting record highs during the week on hopes of normal monsoon. Investors remained cautious ahead of March industrial output data & April retail inflation due later today, and awaited more corporate earnings. Nifty Trends    R1 9470 R2 9535 S1 9370 S2 9280 Technical Outlook Top Gainers HEROMOTOCO 3,552.00 INFY 965.45 KOTAKBANK 954.00 TECHM 441.00 IOC 437.00 Top Losers YESBANK 1,491.00 ZEEL 527.10 ASIANPAINT 1,135.00 AXISBANK 503.90 INFRATEL 371.95 To Get Free Trial Missed call @8817002233  Mail Us - starindiamarket@gmail.com visit - http://www.starindiaresearch.com/freetrail.php