Outlook Of Nifty/bank nifty today
Nifty:
Nifty Outlook
Nifty
traded on positive note today. Strong rally was seen for the day, markets
continuing to outperform. Nifty-50 futures gained almost 70 points and
managed to close above 10200 level, Nifty futures witnessed fresh long
formation during the day with an increase in open interest to the tune of
7.2 lakh shares i.e a surge of 2.7%. . The major resistance now can be seen
as 10300.
Bank Nifty:
Bank Nifty Outlook
Bank Nifty Index saw
a positive rally and almost a movement of 300 points held the bull’s head
high for the day. Major private
players in the sector remained positive, while PSU players were seen
loosing few numbers. SBI was seen on losing end. Next 25000 can be seen as
major resistance for the index.
Technical Outlook
Missed call
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Tuesday, 17 October 2017
Daily Nifty News Letter
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