Monday 18 December 2017

Daily Nifty News Letter


Today Outlook Of Nifty

Nifty:  

Nifty Outlook

Nifty index opened positive with a gap of around 100 points and headed towards 10,373 levels. However, it failed to hold onto the gains and corrected by around 50 points from higher levels. The index formed a Spinning Top candle on the daily chart and closed near to its supply trend line by connecting recent swing highs of 10,490 and 10,409. It has been moving in a falling wedge from the last eight weeks and a decisive hold above 10,330 could take it towards 10,409, then lifetime high of 10,490 levels.

Nifty Trends
   R1
10464
R2
10604
S1
10191
S2
10015


Technical Outlook

Top Gainers
VEDL
298.85
YESBANK
316.05
M&M
1,483.00
HINDALCO
243.95

Top Losers
TECHM
496.25
CIPLA
575.20
BOSCHLTD
19,685.20
INFRATEL
354.25
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