Wednesday 11 April 2018

Daily Nifty News Letter

Outlook Of Nifty/bank nifty today


Nifty:  

Nifty Outlook

Nifty market extended gains for fourth consecutive session and closing above 10,400 levels for the first time since March 14 this year on positive global stocks after China's comments soothed trade war tensions. Investors await corporate earnings that will start later in the week with Infosys numbers. Nifty traded in the tight range of 50 points in today’s trading session and closed near around its day high buying may continue if able to give breakouts of 10440 and sustain above it.



Bank Nifty:  

Bank Nifty Outlook

Bank Nifty extended positive move for the Fourth consecutive session Overall the Bank Nifty are displaying more strength than weakness and closed near around its major resistance i.e. of 25280-25300 if able to give breakouts than buying may continue. For now 24850 will act as a support for now.

Nifty Trends
   R1
10500
R2
10650
S1
10340
S2
10250



Technical Outlook


Top Gainers
AXISBANK
547.5
HINDALCO
230
TATASTEEL
603.4
ICICIBANK
288.7

Top Losers
BAJAJFINSV
5,425.00
HEROMOTOCO
3,722.00
IBULHSGFIN
1,324.00
TATAMOTORS
353.45

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1 comment:

  1. It was a lacklustre session of trade for Nifty as it closed at 12,183 levels up by 0.12 percent on January 1. But, the broader market indices BSE Midcap and Smallcap outperformed the benchmark with a gain of 0.21 percent and 0.64 percent respectively for the day.
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