Wednesday 4 October 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

In today’s trade, markets managed to hold its opening gains and traded with a positive bias. Nifty Bank Index witnessed wild swings ahead of the monetary policy.Tracking the options front, Nifty 10000CE saw unwinding of short positions to the tune of  1.45 shares, while Nifty 9800PE saw an addition in open interest to the tune of  8.3 lakh shares, majorly hort positions, making 9800 level as an immediate support for the index. India Vix index ended on a flat note at 12.46 mark.

Bank Nifty:

Bank Nifty Outlook

Bank Nifty index has pared opening gains to trade flat at 24,049 level as of 1405 hours on Tuesday. Yes Bank was top gainer in the index trading marginally higher by 0.61% at Rs 352.15 per share. Axis Bank was second top gainer in the index trading marginally higher by 0.46% at Rs 511.5 per share. There were 5 advances and 7 declines in the index showing mixed sentiments floating in the banking sector.

Nifty Trends
   R1
9950
R2
10050
S1
9750
S2
9610


Technical Outlook

Top Gainers
GAIL
436.60
TATAMOTORS
416.00
AUROPHARMA
708.00
RELIANCE
799.00


Top Losers
POWERGRID
205.60
BHARTIARTL
383.05
CIPLA
577.40
MARUTI
7,867.15


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