Friday 6 October 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty: 

Nifty Outlook

Index tend to maintain their choppy trade as the market is nearing to the closing hours of trade. Broader market indices maintained their upward momentum throughout the day. Aurobindo Pharma, Yes Bank and Ambuja Cements are among the gainers, whereas Bharti Infratel, Tech Mahindra and Power Grid Corporation are losing on the NSE. 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. Major private players as well as PSU players did not perform well though gain was seen in PSU bank in later half of the trading session. Among private players YES Bank managed to be among the top gainers. Next 24400 can be seen as major resistance for the index.

Nifty Trends
   R1
10000
R2
10150
S1
9750
S2
9610


Technical Outlook

Top Gainers
AUROPHARMA
744.25
AMBUJACEM
274.75
NTPC
170.40
YESBANK
359.95

Top Losers
TECHM
450.00
INFRATEL
404.55
POWERGRID
205.00
HINDPETRO
436.00


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