Friday 9 June 2017

Today Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook:

The Nifty, which opened higher from its previous close of 9,663.90 failed to keep the momentum going as the index closed just below its crucial psychological support level of 9,650 on Thursday and made a small bearish candle on charts. A 'small bearish' candle is formed when the index trades lower, but within a defined range, throughout the session. The length of the candle signifies the range for the day and the closing level is below the opening level.

Bank Nifty:  

Bank Nifty Outlook:

Markets in Europe were mixed as voting for general election was underway across the UK and ahead of European Central Bank monetary policy review due later today. France's CAC and Germany's DAX were up nearly half a percent while Britain's FTSE was lower at the time of writing this article. Asia ended mostly higher, with China's Shanghai and Hong Kong's Hang Seng up 0.34 percent each.

Nifty Trends

   R19680
R29740
S19600
S29560

Technical Outlook:

Nifty Day Performance

   Open9,690.50
High9,705.00
Low9,660.25
Close9669.70

Top Gainers

DRREDDY2,634.00
SUNPHARMA529.00
HDFC1,631.00
CIPLA549.15

Top Losers
GAIL385.25
TCS2,520.00
IOC418.25
HCLTECH866.00

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