Tuesday 24 October 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on positive note today. Index gained strength in afternoon, with the Nifty trading above 10,150 level, backed by Reliance Industries and ICICI Bank. Nifty-50 futures ended higher and managed to close above 10150 level, We may see Nifty witnessing resistance around 10250 – 10310 level. Currently, Stock-specific approach will be more positive to trade on.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a positive rally and ended around the record high. Index was trading 46 points lower and later gained the movement in afternoon.  Bulls were seen dominating the day in later half. Major PSU players in the sector remained positive, while private players were seen on the same note. Next 24500 can be seen as major resistance for the index.

Nifty Trends
   R1
10300
R2
10450
S1
10100
S2
10000


Technical Outlook


Top Gainers
BHARTIARTL
497.05
ULTRACEMCO
4,200.00
RELIANCE
940.10
AMBUJACEM
282.85


Top Losers
CIPLA
592.10
INFRATEL
449.20
AXISBANK
449.80
UPL
780.90


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