Friday 8 September 2017

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on flat note for today. In morning session nifty gained but in later half was seen shedding the gains. Nifty-50 futures moved in the range and managed to close above 9950 level. Bajaj Finance gained the most for the day, 5.4%. Small gains were seen in Midcap stocks and also same was for small cap counters too. For coming session market 9900 is considered to be a strong support.

Bank Nifty:  

 

Bank Nifty Outlook

Bank Nifty Index saw a sideways movement for the day. Morning hours strengthened the closed positive on weekly expiry day. Few Private players and PSU bank players gained marginally for the day. Next 24500 will act as strong resistance for the index for coming trading sessions.

Nifty Trends

   R110000
R210150
S19900
S29750

Technical Outlook:

Top Gainers

IBULHSGFIN1,315.65
VEDL326.10
EICHERMOT32,849.00
M&M1,342.00

Top Losers

BPCL523.20
BHARTIARTL395.50
ITC271.00
TATAMTRDVR212.00

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