Tuesday 5 September 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today 

Nifty:  

Nifty Outlook

Nifty slipped down today, selling pressure was witnessed in the index stocks. Fall of around 100 points was seen in the market. Worries of fresh tension between USA and North Korea was one of the reason, which kept the traders scared . Midcap counters also slipped for the day. Again for further session nifty is expected to trade in range, as contract expiry will also be one of the concern for traders.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index traded on negative note for today.  Fall of around 250 points was seen in the Index. On rebalancing of Nifty 50 Index, PSU players as well as private players were lost for the day and traded weak for the today’s session. Geopolitical tension kept the market worried and so affected the sentiments. For coming sessions index would trade in range and next 23950 can be seen as major resistance for the index.

Nifty Trends
R1
9950
R2
10050
S1
9850
S2
9700


 Technical Outlook

Top Gainers
COALINDIA
246.25
SUNPHARMA
500.25
BOSCHLTD
22,480.00
ONGC
161.40

Top Losers
IOC
428.90
ADANIPORTS
384.25
ACC
1,772.40
TATAMTRDVR
219.50


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