Friday 23 February 2018

Daily Nifty News Letter


Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on high volatile note for today. In morning session nifty took a gap down opening and moved volatile on expiry day. Nifty-50 futures moved in the range and closed below 10400 level. Similar pattern was seen in Midcap stocks and also same was for small cap counters too. For coming session market 10600 is considered to be a strong resistance.



Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a volatile movement for the day. Index taking a negative opening and traded volatile for later hours of  the day. Fall was seen though managed to sustain above 24800.  Few Private players lost numbers for the day, while PSU bank players were seen dragging. Next 25100 will act as strong resistance for the index for coming trading sessions.

Nifty Trends
   R1
10600
R2
10810
S1
10300
S2
10210


Technical Outlook

Top Gainers
SUNPHARMA
545.50
AUROPHARMA
588.60
ADANIPORTS
405.00
INDUSINDBK
1,626.00

Top Losers
ONGC
186.15
EICHERMOT
26,814.60
DRREDDY
2,124.10
MARUTI
8,624.95


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