Tuesday 16 January 2018

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on positive note today. Index surged up and made a record high for the day. Nifty-50 futures touched 10770 level, new high. Midcap and small-cap counters gained and moved positive for the day. Following the global cues, index was positive. Fin services companies added gains and were seen positive for the day. In further trading session 10710 can be market resistance for index.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a positive note for today and gained around 400 points for the day, while the bulls dominated for the day. Private and PSU players performed well for the day and were seen gaining marginally, ICICI Bank traded positive and gained for the day. Next, 26200 can be seen as major resistance for the index.

Nifty Trends
   R1
10810
R2
10950
S1
10690
S2
10551


Technical Outlook

Top Gainers
HDFC
1,863.00
ICICIBANK
329.45
AMBUJACEM
277.05
ZEEL
607.50

Top Losers
EICHERMOT
27,912.30
GAIL
490.65
ONGC
196.65
BAJFINANCE
1,737.00

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