Friday 27 October 2017

Daily Nifty News Letter


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 bullish sentiments among traders, We may see Nifty witnessing resistance around 10370 – 10450 level. Midcap and small cap index too traded on positive sentiments.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a positive rally and ended around the record high. Index opened on positive note and also traded positive for the day.  Bulls were seen dominating the day for the Index. Major PSU players in the sector as well as private banks did not gains much. Next 25200 can be seen as major resistance for the index

Nifty Trends
   R1
10370
R2
10450
S1
10200
S2
10100

Technical Outlook


Top Gainers
BPCL
536.05
HINDPETRO
480.00
IOC
433.00
CIPLA
614.00


Top Losers
HCLTECH
865.00
ICICIBANK
297.10
IBULHSGFIN
1,248.00
SBIN
318.30


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