Friday, 5 May 2017

Outlook Of Nifty/bank nifty today

Nifty Outlook:  

The 30-share BSE Sensex rose 231.41 points to 30,126.21 and the 50-share NSE Nifty climbed 47.95 points to 9,359.90, the highest ever closing level. With the positive momentum, experts say they feel the market may move towards new record high on Friday but that is likely to be followed by some consolidation.

Bank Nifty Outlook:  

Nifty Bank ended to record closing high, driven by ICICI Bank post earnings. Positive European cues after status quo by Federal Reserve, and cabinet’s approval to National Steel Policy 2017 & amendments to Banking Regulation Act also aided market sentiment.

Nifty Trends

   R19380
R29475
S19270
S29180

Technical Outlook:

Top Gainers

ICICIBANK297.55
GRASIM1,207.00
SBIN299.80
ADANIPORTS338.65
AXISBANK518.00

Top Losers

HINDALCO192.30
HCLTECH815.85
TATAMOTORS437.00
ZEEL520.00
ONGC188.70

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