Friday 8 December 2017

Daily Nifty/Bank Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on positive note today. Index gained strength in today’s trading session, with the Nifty trading above 10,200 level, backed by positive sentiments of stocks. Nifty-50 futures ended bullish sentiments among traders, We may see Nifty witnessing resistance around 10350 – 10510 level. Midcap and small cap index too traded on positive sentiments.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a positive rally and in today’s trading session Morning hours strengthened the closed positive on weekly expiry day.  Bulls were seen dominating the day for the Index. Few PSU players in the sector as well as private banks gained marginally for the day. Next 25550 can be seen as major resistance for the index.

Nifty Trends
   R1
10300
R2
10450
S1
10050
S2
9950

Technical Outlook

Top Gainers
GAIL
495.15
BHARTIARTL
517.00
TECHM
496.50
UPL
720.00

Top Losers
COALINDIA
263.25
TCS
2,617.95
WIPRO
280.90
CIPLA
594.00

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