Outlook Of Nifty/bank nifty today
Nifty:
Nifty Outlook
Nifty
traded on positive note today. Index gained strength and ended higher, with
the Nifty trading above 10,200 level, backed by banks, metals and auto
stocks. Nifty-50 futures ended higher and managed to close above 10200
level, We may see Nifty witnessing resistance around 10270 – 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 gained 100 points
for the day. Bulls were seen
dominating the day. Major PSU players in the sector remained positive,
while private players were seen on the same note. Govt induction of package
for govt bank lender backed up the sentiments. Next 24500 can be seen as
major resistance for the index.
Technical Outlook
Missed call
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Wednesday, 25 October 2017
Daily Nifty News Letter
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