Nifty Outlook:
After
a long weekend, the market staged spectacular rally Tuesday, with the
Nifty closing above 9000 level for the first time on hopes of BJP
strengthening reform agenda following emphatic victory in Uttar Pradesh
and Uttarakhand. The 50-share NSE Nifty hit an intraday all-time high of
9,122.75 and stayed above psychological 9,000-mark throughout the
session. It was up 152.45 points or 1.71 percent to end at 9,087, backed
by banks, FMCG and infra stocks.
Bank Nifty Outlook:
Banknifty
gave a gap up opening of 449 points and made a red candle for the day
by giving closing at 21146. While maintaining 2017 peak Nifty target
range of 9,300-9,600, JPMorgan says from hereon, it believes earnings
will have to do the heavy lifting. It expects meaningful recovery from
second half of next financial year and forecasts 15-18 percent YoY
earnings growth.
Nifty 50 Gainers
|
| Stock | Price |
| ICICIBANK | 286.70 |
| HINDUNILVR | 913.00 |
| LT | 1551.95 |
| ULTRACEMCO | 3997.45 |
| HDFC | 1421.95 |
Nifty 50 Losers
|
| Stock | Price |
| BOSCHLTD | 22281.10 |
| IDEA | 102.80 |
| AXISBANK | 511.00 |
| COALINDA | 295.25 |
| BHARATIRTL | 362.25 |
Nifty Resistance & Support
|
| R1 / R2 | 9150/9280 |
| S1 / S2 | 9070/9000 |
No comments:
Post a Comment