Wednesday 29 November 2017

Daily Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook

Nifty traded on negative note, broke the range and moved below. Index moved down for the day and traded in a range and managed to close above 10350  for the day. Nifty-50 futures traded sideways in first half and later went down, We may see Nifty witnessing resistance around 10485 – 10576 level. Midcap and small cap index traded flat.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index traded on negative note yet and sustained above 25800. Index broke the range in start of the week. Index was seen positive in first half of the trading session later the negative movement was seen. Few private players as well as PSU players among the banks loose the numbers for the day. Next 26075 can be seen as major resistance for the index.

Nifty Trends

   R110485
R210576
S110237
S210086

Technical Outlook:

Top Gainers

ZEEL584.70
IBULHSGFIN1,200.00
MARUTI8,627.00
ASIANPAINT1,170.00

Top Losers

INFRATEL376.80
AUROPHARMA705.10
NTPC182.90
SUNPHARMA542.30

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