Thursday 5 October 2017

Daily Nifty News Letter


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.

Nifty Trends
   R1
10000
R2
10150
S1
9750
S2
9610


Technical Outlook

Top Gainers
RELIANCE
824.00
SUNPHARMA
518.00
AUROPHARMA
728.20
DRREDDY
2,392.00


Top Losers
BHARTIARTL
376.70
ICICIBANK
276.00
HDFCBANK
1,794.00
EICHERMOT
30,900.00


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