Outlook Of Nifty/bank nifty today
Nifty:
Nifty Outlook
Nifty
traded on positive note today. Strong rally was seen for the day after the
correction seen in last trading sessions. Nifty-50 futures gained almost
100 points and managed to close above 10k level, Building up of positions
by participants ahead of key economic data -- industrial production (IIP)
for August and consumer inflation for September to be released after market
closing today -- drove up domestic bourses. The major resistance now can be
seen as 10170.
Bank Nifty:
Bank Nifty Outlook
Bank Nifty Index saw
a positive rally and almost a movement of 400 points held the bull’s head
high for the day. Major PSU players as well as private players in the
sector remained positive, while SBI was seen on loosing end. Positive result,
supported IndusInd Bank. Next 24500 can be seen as major resistance for the
index.
Technical Outlook
Missed call
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Friday 13 October 2017
Daily Nifty News Letter
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