Outlook of Nifty & Bank
Nifty Today
Nifty Outlook:-
Nifty
rallied over 1 per cent on Thursday on the expiry of November-series futures
and options (F&O) contracts, led by a sharp gain in rupee and buying in
financial counters. That apart, positive global cues buoyed by US Federal Reserve
Chairman Jerome Powell's speech which suggested that the US rate hikes will be
gradual, boosted the sentiment further.
Nifty Future Support-Resistance
R1/R2
11000/11200
S1/S2
10770/10580
Bank Nifty Outlook:-
Bank Nifty
surged 481 points in the last hour of trade on Thursday. The index rose 1.8%
led by Kotak Mahindra Bank, Federal Bank, IndusInd Bank, and HDFC Bank. Meanwhile,
Nifty PSU Bank also advanced as the government will infuse Rs 42,000cr in
state-owned banks by end of March 2019, with the next tranche likely to be
released as early as December 2018, as per PTI. Earlier this year, the
government infused Rs11,336cr in five PSBs: PNB, Allahabad Bank, Indian
Overseas Bank, Andhra Bank, and Corporation Bank, to enhance their financial
health.
Bank Nifty Future
Support-Resistance
|
|
R1/R2
|
27050/27300
|
S1/S2
|
26500/26200
|
Daily Chart:
Missed call
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