Friday 15 September 2017

Daily Nifty/ Bank Nifty News Letter

Nifty:  

Nifty Outlook

Nifty traded on positive note today and ended volatile. Index gained in first half trading session but lost the numbers in later half. Nifty-50 futures touched month’s high level i.e. 10143, Midcap and small-cap counters gained and moved positive for the day, later lost few gains. Bhel was seen positive on bullet train contracts. In further trading session 10200 can be market resistance for index.

Bank Nifty: 

 

Bank Nifty Outlook

Bank Nifty Index saw a positive note for today but was not able to sustain at higher levels in later half, Index almost touched level of 24970. PSU as well as private players performed well for the day, Axis bank, IDFC bank, Bank of India gained most and sustained high for the day. Next, 25000 can be seen as major resistance for the index.

Nifty Trends

   R110150
R210250
S110050
S29950

Technical Outlook:

Top Gainers

TATAMTRDVR230.00
AXISBANK519.45
SUNPHARMA523.30
ADANIPORTS405.00

Top Losers

WIPRO283.25
VEDL319.95
GAIL400.75
INDUSINDBK1,723.90

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