Thursday 5 October 2017

Daily Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook

Index gained on the closing hour after the RBI’s monetary policy committee has kept the benchmark repo rate unchanged in its fourth bi-monthly monetary policy statement. Pharma stocks have been gaining on the bourses in mid-market hours. Sun Pharma is among the top Nifty gainer trading higher by 3.24% at Rs 518 per share. For coming sessions, 10000 can be seen as major resistance for the index.

Bank Nifty:  

 

Bank Nifty Outlook

Bank Nifty Index saw a sideways movement for the day, later hour after RBI policy, Index moved volatile though in a range. Major private players as well as PSU players did not perform well though Kotak Mahindra Bank gained numbers and was around 2.5% positive for the day. Next 24500 can be seen as major resistance for the index.

Nifty Trends

   R110000
R210150
S19750
S29610

Technical Outlook:

Top Gainers

RELIANCE824.00
SUNPHARMA518.00
AUROPHARMA728.20
DRREDDY2,392.00

Top Losers

BHARTIARTL376.70
ICICIBANK276.00
HDFCBANK1,794.00
EICHERMOT30,900.00

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