Friday 3 November 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on positive note today. Index gained strength though not able to to sustain at 10450 levels, with the Nifty trading above 10,472 level, backed by positive sentiments of stocks. Nifty-50 futures ended positive 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 though a correction mode was also observed in the market. Index opened on positive note and also traded overall 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 25650 can be seen as major resistance for the index.

Nifty Trends
   R1
10510
R2
10670
S1
10400
S2
10250



Technical Outlook

Top Gainers
AUROPHARMA
790.00
LUPIN
1,061.30
SUNPHARMA
563.90
POWERGRID
216.00

Top Losers
TECHM
467.50
HEROMOTOCO
3,721.05
INFRATEL
417.70
SBIN
314.20


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