Nifty:
Nifty
Outlook
Bear
dominated the movement today. Sharp fall was witnessed in the index,
resisting the level of 9900, a pull back was seen from the level in later
half of the day and Index touched the support level of 9750. Selling pressure was seen in midcap
counters, PSU banks showed a corrective movement Despite being buyback
announced in Infy, stock lost around 2% by today.
Bank Nifty:
Bank
Nifty Outlook
Bank
Nifty saw a weak rally in the day. Index witnessed a fall of almost 200
points by today. PSU banks declined and a weak movement was observed in
other private players too. Index managed to gain in start of the day, but
later was not able to sustain at higher levels. On first trading session of
the week, Index took a good support of 23930 and further expecting to trade
in a range.
Technical Outlook
Missed
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Tuesday, 22 August 2017
Daily Nifty News Letter
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