Monday 9 April 2018

Weekly Nifty News Letter

Outlook Of Nifty/bank nifty today


Nifty:  

Nifty Outlook

Nifty gave a strong recovery in the afternoon trade on Friday after witnessing a gap down opening as and closed on flat note but registered gains of 2.15 percent for the week ended April 6th investors remained cautious after sentiment soured on renewed fears of a trade war after US President Donald Trump proposed more tariffs on China. The index closed above its psychological support level of 10300 as well as above 200 daily moving average. For now 10500 will act as an immediate resistance while on lower side 10120 is support.



Nifty Trends
   R1
10500
R2
10650
S1
10100
S2
9950



Technical Outlook



Top Gainers
LUPIN
808.95
BPCL
433.2
TITAN
938.4
HINDPETRO
354.1

Top Losers
BHARTIARTL
383.95
INFY
1,127.55
VEDL
284.9
COALINDIA
275.05

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