Thursday 21 September 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on flat note with negative bias for today. Index moved in a range and managed to close above 10150. Market awaiting for signals for further movement. Midcap and small-cap counters gained and moved positive for the day. Telecom sector moved under pressure, TRAI slashed IUC charges. In further trading session 10200 can be market resistance for index.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a sideways movement, lost the gain in second half of the trading session. PSU players performed well as compared with the private players BankBaroda  gained most and traded positive for the day and managed to be among top gainers, also few private players too performed for the day. Next 25200 can be seen as major resistance for the index.


Nifty Trends
   R1
10250
R2
10380
S1
10050
S2
9950



Technical Outlook


Top Gainers
DRREDDY
2,325.00
BANKBARODA
148.10
TATASTEEL
687.45
ITC
271.70

Top Losers
BPCL
494.50
HEROMOTOCO
3,850.00
TATAMOTORS
414.55
AMBUJACEM
279.05


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