Wednesday 21 March 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 gained numbers, while in later half lost the numbers. Nifty-50 futures moved in the range and close above 10100 level. Similar pattern was seen in Midcap stocks and also same was for small cap counters too. For coming session market 10000 is considered to be a strong support.



Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a volatile movement for the day. Index taking a gap down opening, was seen trading positive while in later hours of the day, index lost numbers. Pull back was seen and managed to sustain above 24100.  Few Private players gained marginally for the day, while PSU bank players were seen dragging. Next 24000 will act as strong support for the index for coming trading sessions.

Nifty Trends
   R1
10300
R2
10510
S1
10000
S2
9900

Technical Outlook

Top Gainers
INFRATEL
341.50
TECHM
634.00
EICHERMOT
28,350.00
TATASTEEL
594.35

Top Losers
IOC
173.80
ONGC
174.50
BPCL
426.00
GAIL
438.00


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