Nifty Outlook:
We
expect the Nifty to remain in a range of 9,000-9,200 levels next week
as well, citing lack of triggers. Next trigger for the market would be
March quarter earnings that are expected to be good. Global markets were
mixed amid uncertainty over a delayed vote on US President Donald
Trump's health-care bill. Japan's Nikkei and Australia's ASX 200 gained
nearly a percent while European markets were moderately lower at the
time of writing this article.
Bank Nifty:
Bank Nifty Outlook :
Banks
stocks hogged limelight after Finance Minister promised at IBLA award
ceremony on Thursday that new policy for resolution of non-performing
assets will be announced soon. PSU Bank gained the most, up more than 3
percent while Nifty Bank was up over a percent. Bank of India, PNB, Bank
of Baroda, ICICI Bank and SBI surged 3-5 percent while HDFC Bank lost
half a percent. Yes Bank gained nearly 1 percent as its qualified
institutional placement issue received good response, subscribed over
2.5 times.
Nifty Trends
|
| R1 | 9150 |
| R2 | 9200 |
| S1 | 9040 |
| S2 | 9000 |
Technical Outlook:
Top Gainers
|
| BANKBARODA | 168.30 |
| ICICIBANK | 275.55 |
| SBIN | 275.95 |
| GAIL | 382.30 |
| KOTAKBANK | 878.45 |
Top Losers
|
| GRASIM | 1059.85 |
| TECHM | 472.35 |
| ZEEL | 516.00 |
| TCS | 2428.00 |
| AMBUJACEM | 229.70 |
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