Monday 27 November 2017

Daily Nifty News Letter


Today Outlook Of Nifty

Nifty:  

Nifty Outlook

The Nifty50 has been forming a base near 10300 for the November series. The up move can be extended till 10600. During the week, more than 20 lakh shares were added in 10300 Put strike, which kept downsides limited. The current price ratio (Nifty Bank/Nifty) has retraced and moved towards 2.48 from 2.50. We feel the outperformance in banking stocks will continue, which is again going to take the ratio higher towards 2.52 levels.

Nifty Trends
   R1
10554
R2
10734
S1
10232
S2
10168


Technical Outlook

Top Gainers
AUROPHARMA
1,702.20
GAIL
605.75
INFRATEL
8,337.00
INFY
421.70

Top Losers
HINDALCO
251.40
VEDL
306.00
SBIN
332.10
ICICIBANK
316.85
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