Thursday 18 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 10800 level, new high. Midcap and small-cap counters gained and moved positive for the day. Following the global cues, index was positive. Pharma companies added gains and were seen positive for the day. In further trading session 10910 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, 26500 can be seen as major resistance for the index.

Nifty Trends
   R1
10910
R2
11001
S1
10700
S2
10551


Technical Outlook


Top Gainers
AXISBANK
587.80
SBIN
308.10
ICICIBANK
343.35
AUROPHARMA
657.00

Top Losers
ZEEL
592.10
WIPRO
325.95
ONGC
195.30
M&M
741.65

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