Wednesday 11 October 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on positive note today. Index added numbers and gained for the day. Nifty-50 futures traded around 10050 level, Midcap and small-cap counters gained and moved positive for the day. Following the global cues, index was positive. UPL, Lupin added gains and were seen positive for the stocks. In further trading session 10150 can be market resistance for index.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a positive note for today and gained almost 100 points for the day, while the bulls dominated for the day. Private players performed well for the day, Indusind Bank traded positive and gained for the day. PSU also traded positive and gained few numbers for the day. Next, 24500 can be seen as major resistance for the index.

Nifty Trends
   R1
10150
R2
10250
S1
9900
S2
9850


Technical Outlook

Top Gainers
UPL
823.70
LUPIN
1,063.00
BHARTIARTL
386.50
POWERGRID
204.75


Top Losers
IOC
409.65
EICHERMOT
31,530.00
VEDL
321.00
HINDUNILVR
1,209.00


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