Nifty Outlook:
The
Nifty50 ended the record week with gains of around 2 percent but it
looks like bulls are not going to give up that easy as fresh Put writing
at strike prices 9,100-9,300 adds to bullish sentiment. Fresh Pit
writing was seen at strike prices 9000 (0.7 lakh contracts added) which
will now act as crucial support for the index, followed by 9,100 which
saw fresh additions of 7.07 lakh contracts, 9,200 recorded additions of
4.9 lakh contracts, and 9,300 saw additions of 5.5 lakh contracts.
Bank Nifty Outlook:
IDFC
closed at Rs 65.75 on 28th April 2017. It made a 52-week low at Rs44 on
24th June 2016 and a 52-week high of Rs83.40 on 29th September 2016.
The 200-days Exponential Moving Average (EMA) of the stock on the daily
chart is currently placed at Rs61.59. After a sharp correction from
higher levels, it took support near Rs55 levels and last week rebounded
sharply with gain of almost 11 percent, which is positive in nature.
Therefore, traders can buy the stock in the range of Rs61-63 levels for
the upside target of Rs65-67 levels with s stop loss below Rs59.
Nifty Trends
|
| R1 | 9380 |
| R2 | 9475 |
| S1 | 9270 |
| S2 | 9180 |
|
|
Technical Outlook:
Top Gainers
|
| IBULHSGFIN | 1,075.05 |
| HDFC | 1,585.55 |
| BPCL | 741.30 |
| ONGC | 191.80 |
| MARUTI | 6,690.00 |
Top Losers
|
| LUPIN | 1,303.90 |
| TATAMTRDVR | 273.05 |
| ACC | 1,592.00 |
| BHARTIARTL | 348.00 |
| TATAMOTORS | 450.50 |
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