Tuesday, 17 October 2017

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on positive note today. Strong rally was seen for the day, markets continuing to outperform. Nifty-50 futures gained almost 70 points and managed to close above 10200 level, Nifty futures witnessed fresh long formation during the day with an increase in open interest to the tune of 7.2 lakh shares i.e a surge of 2.7%. . The major resistance now can be seen as 10300.

Bank Nifty:  

 

Bank Nifty Outlook

Bank Nifty Index saw a positive rally and almost a movement of 300 points held the bull’s head high for the day. Major  private players in the sector remained positive, while PSU players were seen loosing few numbers. SBI was seen on losing end. Next 25000 can be seen as major resistance for the index.

Nifty Trends

   R110300
R210450
S110150
S210000

Technical Outlook:

Top Gainers

BHARTIARTL457.00
VEDL335.00
INFRATEL467.50
M&M1,367.00

Top Losers

BAJFINANCE1,882.45
AXISBANK518.75
INDUSINDBK1,721.00
ASIANPAINT1,169.00

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