Daily Nifty News Letter

Outlook Of Nifty/bank nifty today Nifty Outlook:   Bulls continued to rule on D-Street on Wednesday as benchmark indices managed to end the session at record closing highs. The market witnessed a surge in the last couple of hours of trade, which was until then largely consolidating with range-bound movement. Strong institutional buying on dips could have boosted the market. The indices managed to comfortably hold fresh milestones of 30,500 and 9,500. Bank Nifty Outlook:   The Kotak report also highlighted companies in the Nifty-50 with more than 5 percent of the pledged promoter holdings. Apart from these, other major stocks that gained included ICICI Bank (+2.35 percent), Indiabulls Housing Finance (+2.57 percent)  midcaps continued to underperform over previous few sessions, while the Nifty Bank ended on a flat note. The Nifty PSU banking index saw profit booking, emerging as the top sector to lose post gains on Tuesday. Nifty Trends    R1 9565 R2 9600 S1 9470 S2 9380 Technical Outlook Top Gainers TATASTEEL 493.40 INFRATEL 388.95 IBULHSGFIN 1,085.00 TATAMOTORS 448.90 ICICIBANK 309.45 Top Losers TECHM 430.60 ACC 1,690.10 BOSCHLTD 24,198.00 YESBANK 1,455.40 ADANIPORTS 348.95 To Get Free Trial Missed call @8817002233 Mail Us - contactmail86@gmail.com visit - http://www.starindiaresearch.com/freetrail.php