Wednesday, 20 September 2017

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on sideways yet on positive note for today. Index sustained at higher level and and managed to close above 10150. Bulls dominated the day yet waited for signals for further movement. Midcap and small-cap counters gained and moved positive for the day. Traders were cautious ahead of FED monetary policy meeting. In further trading session 10200 can be market resistance for index.

Bank Nifty:  

 

Bank Nifty Outlook

Bank Nifty Index saw a sideways movement and remained on the positive note.  Bulls were headed for the day. Private players Kotak Mahindra Bank gained and traded positive for the day and managed to be among gainers, also few PSU players too performed well for the day. Next 25200 can be seen as major resistance for the index.

Nifty Trends

   R110250
R210380
S110050
S29950

Technical Outlook:

Top Gainers

GAIL422.00
TATAMOTORS424.25
TATAMTRDVR241.35
INFRATEL397.10

Top Losers

COALINDIA258.25
AUROPHARMA746.70
SUNPHARMA514.50
HINDALCO246.50

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