Nifty:
Nifty
Outlook
Nifty
traded on positive note today. Strong rally was seen in last trading hours
of the market. Nifty-50 futures rebounding from 9800 level, nifty gained a
momentum of 50-60 points for the day. Banking sector pulled up on the news
of bank merger approval. After slipping, today’s trading session provided a
positive movement and a new hope for bulls, gaining the momentum. Again for
further session 9700 will act as major support.
Bank Nifty:
Bank
Nifty Outlook
Bank
Nifty Index saw a positive rally and almost a movement of 200 points held
the bull’s head high for the day. PSU bank merger news lifted the hopes of
traders and so a gain in index was seen, Union Bank pulling up from lower
level gained more than 3% for the day, so was PNB and Andhra Bank. Further
private players too performed well. Next 24500 can be seen as major
resistance for the index.
Technical Outlook
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Monday, 28 August 2017
Daily Nifty News Letter
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