Wednesday 28 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 up opening and lost numbers in later half. Nifty-50 futures moved in the range and close above 10500 level. Similar pattern was seen in Midcap stocks and also same was for small cap counters too. For coming session market 10700 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 gap up opening, rose and was seen trading negative in later hours of  the day.Fall was seen and managed to sustain above 25250.  Few Private players gained marginally for the day, while PSU bank players were seen dragging. Next 26000 will act as strong resistance for the index for coming trading sessions.


Nifty Trends
   R1
10700
R2
10810
S1
10300
S2
10210



Technical Outlook




Top Gainers
BHARTIARTL
431.95
DRREDDY
2,236.00
RELIANCE
951.50
HEROMOTOCO
3,584.85

Top Losers
AMBUJACEM
252.00
SBIN
267.70
AXISBANK
539.50
SUNPHARMA
543.10


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