Thursday 14 September 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on positive note today but was not able to hold gains for the day. Index gained in first half trading session but lost the numbers in later half. Nifty-50 futures touched month’s high level i.e. 10144.70, Midcap and small-cap counters gained and moved positive for the day, later lost few gains. Reliance added gains and were seen positive for the stocks. In further trading session 10200 can be market resistance for index.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a positive note for today but erased all the gains in later half of the day, Index was not able to sustain above 24900. PSU players performed well for the day, as compared with the private players for the day. Bank of Baroda gained most and managed to be in market gainers for the day. Next, 25000 can be seen as major resistance for the index.

Nifty Trends
   R1
10200
R2
10350
S1
10014
S2
9900


Technical Outlook


Top Gainers
SUNPHARMA
509.50
TATAPOWER
85.05
RELIANCE
853.40
DRREDDY
2,223.95

Top Losers
BPCL
499.40
IOC
414.00
ITC
271.60
IBULHSGFIN
1,266.00


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