Daily Nifty News Letter

Outlook Of Nifty/bank nifty today Nifty Outlook:   The S&P BSE Sensex created history on the expiry day on Thursday as it rallied 494 points to hit a fresh record high of 30,793.43, surpassing its previous peak of 30,712 hit earlier in the month of May. The rally was not limited to Sensex as 22 stocks hit a fresh all-time high on the BSE which include names like Maruti Suzuki, Shakti Pumps, EIH Hotels, Adani Transmission, etc. About 88 stocks hit fresh 52-week highs on the BSE including L&T, HDFC Bank, HUL, L&T Infotech, TVS Motor, Voltas, Ion Exchange, ICICI Bank, Eveready Industries, and KEC International. Bank Nifty Outlook:   Latest FOMC minutes highlighted that policymakers at US Federal Reserve agreed that they should hold off on raising interest rates until it was clear that a recent US economic slowdown was temporary. On the options front, for the June series maximum Put OI was seen at strike prices 9,000 followed by 9,300 and 9,400 while maximum Call OI is at 9600 strike. The market rebounded from previous days fall as FOMC minutes shared its concern over the hike in US rate in the future due to a slowdown in economic growth, which is positive for EMs. While short covering ahead expiry and appreciation in INR added impetus to the rally. Nifty Trends    R1 9556 R2 9600 S1 9470 S2 9400 Technical Outlook Top Gainers LT 1,765.00 BANKBARODA 181.60 ICICIBANK 316.85 INDUSINDBK 1,459.45 ACC 1,633.00 Top Losers LUPIN 1,140.00 DRREDDY 2,423.00 CIPLA 504.70 SUNPHARMA 595.00 ULTRACEMCO 4,152.00 To Get Free Trial Missed call @8817002233  Mail Us = starindiamarket@gmail.com visit = http://www.starindiaresearch.com/freetrail.php