Monday 16 April 2018

Weekly Nifty News Letter

Outlook Of Nifty/bank nifty today


Nifty:  

Nifty Outlook



Nifty gains for the third straight week and managed to closed above 104500 mark for the first time since November 2017. Large-cap heavyweights like Reliance & HDFC Ltd were among the top Nifty index gainers. Investor will also keep an eye out for the macroeconomic readings on inflation and industrial output due later in the day. Investors now await January-March corporate results for future direction. IT Major Infosys will kick-start the March-quarter results season later in the day. Nifty closed around its resistance i.e. of 10490 buying may continue if able to hold this mark.

Nifty Trends
   R1
10650
R2
10750
S1
10350
S2
10100




Technical Outlook


Top Gainers
ADANIPORTS
382.9
TECHM
671
EICHERMOT
31,485.40
HINDALCO
238.5

Top Losers
BPCL
406
HCLTECH
989.7
BAJAJFINSV
5,332.00
IOC
165.65




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