Tuesday, 13 September 2016

Daily Nifty/Bank Nifty News Letter

Outlook Of Nifty/bank nifty today:

Nifty:  

Nifty Outlook

It was a big dent for Nifty as today we saw a big fall in index prices. A gap of 102 point was marked at the opening time which was further continued, we believe and saw European Index down by 2% where the clouds are dark for Fed Reserve may give a rate hike in coming week which can be an another reason for the down pull of index price which later closed @8742. We can see prices falling till 8680    

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 Bank Nifty:  

Banking index fall for 300 points at the opening time, but recover almost 50% of the fall in the same hour and for the rest of the day we just found consolidation. Finally there was no chance of recovery and Banking index closed red YesBank and Bankbaroda were the leading stock to for down side


Nifty Trends

   R18900
R28960
S18675
S28600

Technical Outlook:

Nifty Day Performance

   Open8,805.25
High8,805.25
Low8,727.00
Close8742.35

Top Gainers

INFY1055.00
TECHM464.10
WIPRO482.00
TCS2358.00

Top Losers

HINDALCO141.20
YESBANK1199.50
TATASTEEL371.95
BANKBARODA162.10

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