Nifty:
Nifty Outlook:
Equity
benchmarks closed flat with a positive bias Friday as investors
preferred to book profits after the Nifty hit a record high of 9,218.40
in opening following approval to important GST legislations by GST
Council. ITC helped the market close in green while banks, infra and
telecom stocks were under pressure on profit booking. After a record
high, experts expect some consolidation before the Sensex crossing
psychological 30,000-mark next week. Overall they remain upbeat on
markets, expecting the 15-20 percent returns in current calendar year.
Valuations will remain elevated, they feel..
Bank Nifty:
Bank Nifty Outlook :
FPI’s
have re-started their buying spree with full force. They have made
purchases of upwards of Rs 15,000 crore, which includes large deals in
HDFC BankBSE 0.55 % and Kotak BankBSE -0.45 %. The rupee is also
touching its yearly highs. If countries were to be labelled as stock
scripts, then currencies would represent their measuring barometer.
The strengthening of the rupee to yearly highs in the midst of
faltering currencies of other Asian peers indicates that our country
when seen in terms of stock script is far more resilient and strong than
any of our peers. So if a country, measured by the strength of the
currency is strong, there is no reason to fear about new highs in the
stock market, they will keep on moving higher, remain invested
Nifty Trends
|
| R1 | 9200 |
| R2 | 9280 |
| S1 | 9100 |
| S2 | 9020 |
Technical Outlook:
Top Gainers
|
| ITC | 280.25 |
| HCLTECH | 866.05 |
| INFY | 1039.00 |
| EICHERMOT | 24750.00 |
| TECHM | 484.60 |
Top Losers
|
| IDEA | 107.80 |
| BHARTIARTL | 344.60 |
| BANKBARODA | 164.85 |
| TATAMTRDVR | 287.00 |
| SBIN | 274.00 |
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