Daily Nifty News Letter

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty extended gains for fifth consecutive session and ends on a flat note amid consolidation despite crude oil prices hit more than four-year high. Investors shifted focus to corporate earnings that will begin later in the week and also look for macro data due tomorrow after the trade war tensions eased in previous session. Nifty managed to close above 10,400 levels. Consolidation is expected to continue for couple of days as investors want to watch corporate earnings before taking fresh positions.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty ended lower led by Punjab National Bank  declined 3 percent during the day after the state-owned bank said that it had detected some fraudulent and unauthorised transactions worth about Rs 1.13 trillion ($1,771.69 million) at one of its branches in Mumbai. The development triggered a fall in most other banking stocks, with the Nifty PSU Bank index slipping around 2.33%.

Nifty Trends
R1	10500
R2	10650
S1	10340
S2	10250

Technical Outlook

Top Gainers
VEDL	297.15
TCS	3,010.00
SUNPHARMA	520
HCLTECH	969.35

Top Losers
BPCL	415.4
HINDPETRO	335.9
IOC	167.25
ADANIPORTS	378

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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 up opening and gained numbers, while in later half lost the numbers. Nifty-50 futures moved in the range and close above 10150 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 up opening, was seen trading positive while in later hours of the day, index lost numbers. Pull back was seen and managed to sustain above 24300.  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
BAJFINANCE	417.70
NTPC	1,699.60
IBULHSGFIN	170.00
BPCL	1,219.45

Top Losers
TATASTEEL	582.30
BOSCHLTD	17,562.00
HEROMOTOCO	3,455.55
EICHERMOT	27,900.00

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Stock Market Trading Updates-Midcap continues to outperform Sensex; PNB, Bank of India slip 6%

PSU banks came under pressure in morning after the Reserve Bank of India (RBI) has revised the new stressed assets framework asking banks to resolve defaults within 180 days.

Further, starting February 23, banks must immediately identify the defaults and make disclosures every Friday to the RBI credit registry.

Reacting to the news, public sector banks got hammered the most in morning trade. The Nifty PSU Bank index slipped 2 percent compared to 0.5 percent fall in the Nifty Bank index, and 0.5 percent decline seen in Nifty Private Bank index.

In the PSU Bank index, Punjab National Bank slipped 4 percent, followed by Bank of India which was down 4 percent, State Bank of India slipped 1.7 percent, IDBI Bank was down 2.7 percent, and Syndicate Bank slipped 2.6 percent so far in the trade today.

The revised stressed asset framework would lead to accelerated and early recognition of NPAs in the banking system and would require higher provisioning expense, suggest experts.

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Daily Nifty News Letter

Outlook Of Nifty/bank nifty today Nifty:   Nifty Outlook Nifty traded on negative note today. Index lost numbers in today’s trading session.  Nifty  took a gap down opening later took a fall and sustained around the lower levels. Index closed above 10,700 level. Nifty-50 futures slipped and bears dominated the day, We may see Nifty witnessing support around 10500 level. Midcap and small cap index too also lost and witnessed the negative numbers. Bank Nifty:   Bank Nifty Outlook Bank Nifty Index saw a negative movement and lost the numbers in today’s trading session. Index was seen loosing and bears gained control for today’s trading session. Few PSU players in the sector as well as private banks slipped and lost the numbers for the day. Next 25800 can be seen as major resistance for the index. Nifty Trends    R1 10800 R2 10910 S1 10500 S2 10380 Technical Outlook Top Gainers BHARTIARTL 443.40 TATAMOTORS 398.00 BOSCHLTD 20,000.00 HINDPETRO 383.65 Top Losers HDFC 1,824.95 LT 1,367.30 INDUSINDBK 1,715.00 ADANIPORTS 407.95 To Get Free Trial on stock market tips,nifty trading tips give Missed call @8817002233,WHATSAPP NO. 8602780449 Mail Us = starindiamarket@gmail.com visit = https://www.starindiaresearch.com/nifty-bank-nifty-tips.php

Daily Nifty News Letter

Outlook Of Nifty/bank nifty today Nifty:   Nifty Outlook Nifty traded on negative note today. Index lost numbers in today’s trading session.  Nifty  took a positive opening later took a fall and further slipped to the lower levels. Index manage to close below 10,600 level. Nifty-50 futures slipped and bears dominated the day, We may see Nifty witnessing resistance around 10710 level. Midcap and small cap index too also lost and witnessed the negative numbers. Bank Nifty:   Bank Nifty Outlook Bank Nifty Index saw a negative movement and lost the numbers in today’s trading session. Index was seen loosing and bears gained control for today’s trading session. Few PSU players in the sector as well as private banks slipped and lost the numbers for the day. Next 25800 can be seen as major resistance for the index. Nifty Trends    R1 10700 R2 10850 S1 10550 S2 10450 Technical Outlook Top Gainers TCS 2,803.00 WIPRO 326.40 HCLTECH 915.90 TECHM 542.60 Top Losers UPL 778.15 EICHERMOT 28,150.00 NTPC 174.25 DRREDDY 2,427.10 To Get Free Trial on stock market tips,nifty trading tips give Missed call @8817002233,WHATSAPP NO. 8602780449 Mail Us = starindiamarket@gmail.com visit = https://www.starindiaresearch.com/nifty-bank-nifty-tips.php