Outlook Of Nifty/bank nifty today
Nifty:
Nifty Outlook
Index
gained on the closing hour after the RBI’s monetary policy committee has
kept the benchmark repo rate unchanged in its fourth bi-monthly monetary
policy statement. Pharma stocks have been gaining on the bourses in
mid-market hours. Sun Pharma is among the top Nifty gainer trading higher
by 3.24% at Rs 518 per share. For coming sessions, 10000 can be seen as
major resistance for the index.
Bank Nifty:
Bank Nifty Outlook
Bank Nifty Index saw
a sideways movement for the day, later hour after RBI policy, Index moved
volatile though in a range. Major private players as well as PSU players
did not perform well though Kotak Mahindra Bank gained numbers and was
around 2.5% positive for the day. Next 24500 can be seen as major
resistance for the index.
Technical Outlook
Missed
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Thursday, 5 October 2017
Daily Nifty News Letter
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