Wednesday 10 January 2018

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on mixed note today. Index lost numbers in first half of trading session, later gained the numbers in second half.  Index managed to close above 10,650 level. Nifty-50 futures closed and traded sideways, We may see Nifty witnessing resistance around 10710 – 10850 level. Midcap and small cap index too also lost and witnessed the mixed numbers.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a mixed movement and lost the numbers in today’s first half trading session, later positive movement i.e. upside movement was witnessed. Index was seen loosing and bears gaining control but managed to sustain above 25650. Few PSU players in the sector as well as private banks traded on mixed the numbers for the day. Next 25800 can be seen as major resistance for the index.

Nifty Trends
   R1
10710
R2
10850
S1
10580
S2
10450


Technical Outlook

Top Gainers
COALINDIA
304.00
YESBANK
341.50
ITC
270.25
WIPRO
315.30

Top Losers
ZEEL
580.70
EICHERMOT
28,611.80
INFRATEL
368.45
HINDALCO
272.10

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