Daily Nifty News Letter

Outlook Of Nifty/bank nifty today Nifty Outlook:   The mid & smallcap stocks came under pressure on Tuesday with some stocks correcting as much as 20 percent in intraday trade. The S&P BSE Midcap and Smallcap indices corrected over 2 percent compared to 0.5 percent fall in the Nifty50. The fall in the mid and smallcap stocks was largely in line with expectations and investors should not get worried about the strength of the market. Instead, dips should be used to buy into quality stocks. Many midcap companies were trading at valuations which some would term expensive; hence, some bit of consolidation was required.  Bank Nifty Outlook:   Public sector banking major, Bank of India, extended its fall from the previous session on the back of poor results that the lender posted. The stock had fallen 9 percent on Monday post it Q4 results announcement. The lender narrowed its net loss in the fourth quarter results ending March 2017 at Rs 1,045 crore driven by interest income and lower provisions. The net loss a year ago was at Rs 3587 crore. However, the loss comes against a profit of Rs 102 crore in the December quarter. Nifty Trends    R1 9465 R2 9500 S1 9370 S2 9280 Technical Outlook Top Gainers MARUTI 6,867.95 M&M 1,328.35 EICHERMOT 27,578.05 WIPRO 525.90 HCLTECH 864.85 Top Losers ADANIPORTS 330.65 AUROPHARMA 540.00 CIPLA 532.95 SUNPHARMA 615.35 BAJAJ-AUTO 2,812.50 To Get Free Trial Missed call @8817002233  Mail Us = starindiamarket@gmail.com visit = http://www.starindiaresearch.com/freetrail.php