Thursday 14 December 2017

Daily Nifty/Bank Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on high volatile note for today. In morning session nifty gained but in later half was seen shedding the gains. Nifty-50 futures moved in the range and close above 10200 level. Oil stocks gained the most for the day. Small gains were seen in Midcap stocks and also same was for small cap counters too, but later fall was seen. For coming session market 10150 is considered to be a strong support.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a sideways movement for the day. Morning hours strengthened, later lost numbers for the day and new low for the day was seen. Few Private players and PSU bank players gained marginally for the day. Next 24800 will act as strong resistance for the index for coming trading sessions.

Nifty Trends
   R1
10350
R2
10500
S1
10150
S2
10010


Technical Outlook

Top Gainers
HINDPETRO
424.00
BPCL
507.35
IOC
401.15
KOTAKBANK
1,015.00

Top Losers
VEDL
284.00
CIPLA
579.50
ADANIPORTS
395.00
BAJFINANCE
1,670.00

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