Friday, 21 October 2016

Daily Nifty/Bank Nifty News Letter

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Index prices performed flat for the day. No such major move took place on chart. In the beginning of the session prices slipped to 8675 handle but taking a support from 8675 and took a short recovery which head up to 8710. For tomorrow we expect the prices to roll up to  8750
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 Bank Nifty:  

Banking index is moving in a slow upside by making a uptrend on daily chart. Sustaining on the resistance handle we look ahead for bank nifty to break the 19750 and 19900 in coming days on other hand expiry of October 2016 can be seen on next Thursday.

Nifty Trends

   R18750
R28880
S18600
S28550

Technical Outlook:

Nifty Day Performance

   Open8,695.25
High8,728.20
Low8,675.75
Close8705.15

Top Gainers

ADANIPORTS285.20
ICICBANK277.50
HINDALCO155.45
INFRATEL367.00

Top Losers

HCLTECH816.40
TATAMTRDVR358.40
SUNPHARMA745.10
HINDUNILVR840.20

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