Tuesday 10 October 2017

Daily Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook

Nifty traded on positive note today. Index surged up and added gains for the day. Nifty-50 futures touched 10030 level, Midcap and small-cap counters gained and moved positive for the day. Following the global cues, index was positive. Coal India, Dr. Reddy added gains and were seen positive for the stocks. In further trading session 10150 can be market resistance for index.

Bank Nifty:  

 

Bank Nifty Outlook

Bank Nifty Index saw a positive note for today and gained almost 150 points for the day, while the bulls dominated for the day. Private players performed well for the day, Yes Bank traded positive and gained for the day. PSU did not perform well and lost the numbers for the day. Next, 24500 can be seen as major resistance for the index.

Nifty Trends

   R110150
R210250
S19980
S29850

Technical Outlook:

Top Gainers

YESBANK372.00
TECHM463.70
COALINDIA280.75
DRREDDY2,409.85

Top Losers

AUROPHARMA729.55
ONGC170.80
POWERGRID201.20
GAIL445.45

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