Wednesday, 29 March 2017

TODAY NIFTY/BANK NIFTY NEWS REPORT

Nifty Outlook:

Driven by a rally in banking stocks, the market closed the day in the green zone, with the Nifty reclaiming 9100. The rally was also seen on the back of domestic developments on the GST front. This, coupled with strong Asian market movements, pushed the indices higher here.

Bank Nifty Outlook:

We expect volatility to increase in the next two sessions due to scheduled derivatives expiry. Even liquid stocks are witnessing erratic intraday swings, which is normal during consolidation phase. Traders should continue with positive yet cautious approach and refrain from going overboard

Nifty 50 Gainers

StockPrice
EICHERMOT25097.30
AXISBANK504.25
TATAMTRDVR287.15
ZEEL530.40
TATAPOWER89.20

Nifty 50 Losers

StockPrice
TECHM455.90
KOTAKBANK860.00
ONGC186.90
COALINDIA290.30
HEROMOTOCO3329.95
Nifty Resistance & Support
R1 / R29150/9200
S1 / S29040/9000

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