Thursday 25 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 high for the day. Nifty-50 futures took a gap up opening and touched a level of 11114. Midcap and small-cap counters gained and moved positive for the day and later profit booking seen. IT companies gained numbers and were seen positive for the day. In further trading session 11550 can be market resistance for index.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a positive note for today and gained around 100 points for the day, while the bulls dominated for the day. Private and PSU players performed well for the day and were seen gaining initially later profit booking was seen, SBIN Bank traded positive and gained for the day. Next, 27550 can be seen as major resistance for the index.

Nifty Trends
   R1
11150
R2
11251
S1
10850
S2
10700


Technical Outlook

Top Gainers
SBIN
330.45
GAIL
484.40
TECHM
603.25
LUPIN
961.00

Top Losers
BHARTIARTL
456.55
TATAMOTORS
403.95
HINDALCO
258.05
ICICIBANK
353.20

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