Thursday 2 November 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 10,489 level, backed by positive sentiments stocks. Nifty-50 futures ended higher on bullish sentiments among traders, We may see Nifty witnessing resistance around 10510 – 10670 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. Few PSU players in the sector as well as private banks gained for the day. Next 25750 can be seen as major resistance for the index.

Nifty Trends
   R1
10510
R2
10670
S1
10400
S2
10250


Technical Outlook

Top Gainers
BHARTIARTL
543.00
SBIN
320.00
ICICIBANK
313.35
VEDL
343.35

Top Losers
EICHERMOT
30,931.00
INFRATEL
425.30
DRREDDY
2,355.00
UPL
782.00


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