Tuesday 19 December 2017

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on high volatile note for today. In morning session nifty lost numbers but in later half was seen gaining. Nifty-50 futures moved in the range and close above 10250 level. Similar pattern was seen in Midcap stocks and also same was for small cap counters too. For coming session market 10510 is considered to be a strong support.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a volatile movement for the day. Morning hours lost numbers, later positive numbers for the day. Taking a gap down opening, rose almost 1500 points for the day.  Few Private players and PSU bank players gained for the day. Next 25800 will act as strong resistance for the index for coming trading sessions.

Nifty Trends
   R1
10500
R2
10610
S1
10300
S2
10150


Technical Outlook

Top Gainers
VEDL
309.45
HINDALCO
250.60
M&M
1,521.80
CIPLA
591.35

Top Losers
YESBANK
493.95
TECHM
311.80
HINDPETRO
880.65
COALINDIA
709.65

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