Tuesday 7 November 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on positive note today. Index gained strength in first half of the trading session later the correction was seen, with the Nifty trading above 10,500 level, backed by positive sentiments of stocks. Nifty-50 futures ended mixed yet on bullish sentiments among traders, We may see Nifty witnessing resistance around 10610 – 10740 level. Midcap and small cap index too traded on positive sentiments.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a positive rally and and touched a new high in today’s trading session. Index was seen positive in first half of the trading session later the correction was seen.  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
10610
R2
10740
S1
10400
S2
10300


Technical Outlook

Top Gainers
ONGC
199.00
M&M
1,370.50
INFRATEL
423.95
TATAMOTORS
457.90

Top Losers
HINDPETRO
433.75
ZEEL
528.15
YESBANK
319.50
UPL
761.05


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