Tuesday 11 October 2016

Daily Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook

Nifty perform flat for the day where a long consolidation was seen all the day long where high was marked @ 8775.90 and low @ 8732.15 looking on chart major resistance falls at 8795 which seems tough to break on other hand 8680 becomes a major support. For coming days we expect index prices to take some pull and can be seen at 8810 handle.
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 Bank Nifty:  

Long red candle was formed by bank nifty for the day where prices resist to fall from support handle of 19400. Looking on upper side prices are heated up to break the level of 19700, for the coming trading session we believe the prices to take upside till 19900. For the day there was no stock from banking sector to fall in top five gainer & looser.

Nifty Trends

   R18870
R28980
S18650
S28500

Technical Outlook:

Nifty Day Performance

   Open8,746.40
High8,775.90
Low8,732.15
Close8739.95

Top Gainers

TATASTEEL419.30
ACC1667.00
ASIANPAINT1211.00
CIPLA581.40

Top Losers

BHARTIARTL315.55
RELIANCE1096.00
ADANIPORTS264.00
NTPC146.75

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