Wednesday 18 October 2017

Daily Nifty News Letter


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 ended higher and managed to close above 10200 level, Midcaps had a day of underperformance against the frontline indices, while infra, auto and metals gained on the sectoral front . The major resistance now can be seen as 10300.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a positive rally and ended around the record high. Bulls were seen dominating 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.

Nifty Trends
   R1
10300
R2
10450
S1
10150
S2
10000


Technical Outlook

Top Gainers
CIPLA
631.85
BPCL
514.00
BHARTIARTL
465.00
HINDALCO
277.70


Top Losers
ZEEL
495.80
AXISBANK
511.50
DRREDDY
2,380.10
INFY
930.75


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