Thursday 23 November 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on sideways note today. Index moved choppy for the day and traded in a small range of 80-100 points for the day, stocks also traded in the range for the day. Nifty-50 futures ended mixed yet sustaining above, We may see Nifty witnessing resistance around 10410 – 10540 level. Midcap and small cap index too traded on mixed note.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index traded on sideways note yet and sustained above 25600. Index was seen negative in first half of the trading session later the mixed movement was seen. Few private players as well as PSU players among the banks lost the numbers and later gained for the day. Next 26000 can be seen as major resistance for the index.

Nifty Trends
   R1
10410
R2
10540
S1
10250
S2
10100


Technical Outlook

Top Gainers
ZEEL
560.65
ADANIPORTS
413.95
GAIL
470.05
AMBUJACEM
266.80

Top Losers
TECHM
482.60
BAJFINANCE
1,773.80
HINDALCO
256.90
DRREDDY
2,359.00

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