Friday 8 September 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today 

Nifty:  

Nifty Outlook

Nifty traded on flat note for today. In morning session nifty gained but in later half was seen shedding the gains. Nifty-50 futures moved in the range and managed to close above 9950 level. Bajaj Finance gained the most for the day, 5.4%. Small gains were seen in Midcap stocks and also same was for small cap counters too. For coming session market 9900 is considered to be a strong support.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a sideways movement for the day. Morning hours strengthened the closed positive on weekly expiry day. Few Private players and PSU bank players gained marginally for the day. Next 24500 will act as strong resistance for the index for coming trading sessions.


Nifty Trends
   R1
10000
R2
10150
S1
9900
S2
9750


Technical Outlook

Top Gainers
IBULHSGFIN
1,315.65
VEDL
326.10
EICHERMOT
32,849.00
M&M
1,342.00

Top Losers
BPCL
523.20
BHARTIARTL
395.50
ITC
271.00
TATAMTRDVR
212.00


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