Wednesday 6 December 2017

Daily Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook

Nifty traded on mixed note today. Index lost numbers in first half of trading session, later gained the numbers in second half.  Index managed to close above 10,100 level. Nifty-50 futures closed and traded sideways, while traders seem to be cautious ahead of monetary policy, We may see Nifty witnessing resistance around 10010 – 9950 level. Midcap and small cap index too also lost and witnessed the mixed numbers.

Bank Nifty:  

 

Bank Nifty Outlook

Bank Nifty Index saw a negative movement and lost the numbers in today’s first half trading session, later positive movement i.e. upside movement was witnessed. Index was seen loosing and bears gaining control but managed to sustain above 25000. Few PSU players in the sector as well as private banks traded on mixed the numbers for the day. Next 25000 can be seen as major support for the index.

Nifty Trends
   R110250
R210310
S110010
S29950

Technical Outlook:

Top Gainers
SBIN320.40
BAJFINANCE1,710.00
YESBANK309.25
RELIANCE914.30

Top Losers
WIPRO283.00
HEROMOTOCO3,522.15
ONGC178.05
TECHM464.25

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