Monday 4 September 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today  

Nifty:  

Nifty Outlook

Nifty traded on positive numbers  today. Despite weak GDP numbers,  bulls dominated the sentiments today and index touched 10k. Broader market outperformed, majorly midcap and small-cap counter showed a rally ended with the gain. Overall for the week Nifty added 1% movement. Further for  Nifty 10150 acting as major resistance.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a positive rally, with gap up opening for the day, index continued to show positive for the day and also in the week it gained higher. Overall for the week the bull’s were active and touched a level of 24500. PSU bank moved positive as well as the private players for the index. Next 24750 can be seen as major resistance for the index.


Nifty Trends
R1
1050
R2
10150
S1
9850
S2
9750



Technical Outlook

Top Gainers
DRREDDY
2,212.00
AUROPHARMA
757.30
ASIANPAINT
1,215.00
TATAMOTORS
391.00

Top Losers
IOC
448.00
TCS
2,460.60
POWERGRID
216.25
BHARTIARTL
423.00


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