Nifty Outlook:
The
S&P BSE Sensex which has rallied about 14 percent so far in 2017
has lost some momentum after hitting a record high of 30,712.35 earlier
in the month of May. However, experts on D-Street are not too worried as
expectations of better than expected monsoon and implementation of
goods & services tax (GST) by July is likely to push benchmark
indices to fresh record highs.
Bank Nifty Outlook:
HDFC
Life and Max Life had proposed a merger where in the first leg Max
Financial Services, a holding company, was to be merged with Max Life.
That was to be followed by a demerger of the life insurance business,
which would subsequently be merged with HDFC Life
Nifty Trends
|
| R1 | 9435 |
| R2 | 9500 |
| S1 | 9310 |
| S2 | 9240 |
|
|
Technical Outlook:
Top Gainers
|
| TATAMOTORS | 470.50 |
| TATAMTRDVR | 276.40 |
| ADANIPORTS | 341.80 |
| GAIL | 392.00 |
| BPCL | 716.70 |
Top Losers
|
| BANKBARODA | 175.85 |
| INFRATEL | 368.45 |
| LT | 1,689.45 |
| AUROPHARMA | 526.75 |
| HINDALCO | 186.90 |
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