Thursday, 27 October 2016

Daily Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook

Weakness in index prices was seen a day before the expiry, where prices closed 8611 down by 11 points. Where high was marked at 8624 for the last day of contract we expect some more pull in the prices which can extend to 8600 
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Bank Nifty:  

Bank Nifty Outlook

 A gap down was marked by the bank  nifty today, where the prices closed 356 points down at 19488. The upside trend got broke today and for the last day of October contract we expect prices to touch more lower levels till 19300.

Nifty Trends

   R18750
R28880
S18570
S28550

Technical Outlook:

Nifty Day Performance

   Open8,662.25
High8,669.00
Low8,585.55
Close8616.75

Top Gainers

IDEA78.40
KOTAKBANK811.95
HEROMOTOCO3411.00
BHARTIARTL316.75

Top Losers

AXISBANK485.25
TATAMTRDVR343.00
TATASTELL392.90
TATAMOTORS527.25

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