Outlook Of Nifty/bank nifty today
Nifty:
Nifty Outlook
Nifty
traded on positive note today. Index gained strength and ended record
higher, with the Nifty trading above 10,250 level, backed by banking
stocks. Nifty-50 futures ended higher on economic package announced by
Finance minster, We may see Nifty witnessing resistance around 10370 –
10450 level. Midcap and small cap index too touched the higher levels.
Bank Nifty:
Bank Nifty Outlook
Bank Nifty Index saw
a positive rally and ended around the record high. Index opened up with a
gap-up opening and later gained 500 points for the day. Bulls were seen dominating the day. Major
PSU players in the sector remained positive, while ICICI Bank gained among
private players were seen on the same note. Govt induction of economic
package for govt bank lender backed up the sentiments. Next 25200 can be
seen as major resistance for the index.
Technical Outlook
Missed call
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Thursday, 26 October 2017
Daily Nifty News Letter
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