Thursday 12 October 2017

Daily Nifty News Letter




Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Index opened on positive note yet lost in later half of the day. It pared gains and corrected below 9900 to record its intraday low of 9984.80 which resulted in small lower shadow. Bulls failed to keep the momentum going as Nifty50 came under pressure as soon as it came close to its crucial resistance level of 10,100.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty led the decline, as it fell over 1%. PSU banking stocks were the top laggards led by SBI and Bank of Baroda. Even private bank majors like ICICI Bank, HDFC Bank and Kotak bank ended with losses. While the PSU Bank index fell more than the Private Bank index. As far as heavyweights are concerned even ICICI Bank, HDFC Bank and Yes Bank ended with losses.


Nifty Trends
   R1
10100
R2
10250
S1
9900
S2
9850


Technical Outlook


Top Gainers
BHARTIARTL
405.95
HINDPETRO
452.50
INFRATEL
410.70
TCS
2,500.00

Top Losers
YESBANK
362.55
SBIN
251.20
VEDL
314.00
TATAMOTORS
414.45


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