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.
Technical Outlook
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Wednesday, 4 October 2017
Daily Nifty News Letter
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