Friday, 27 October 2017

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on positive note today. Index gained strength and ended record higher, with the Nifty trading above 10,250 level, backed by banking stocks. Nifty-50 futures ended higher on bullish sentiments among traders, We may see Nifty witnessing resistance around 10370 – 10450 level. Midcap and small cap index too traded on positive sentiments.

Bank Nifty:  


Bank Nifty Outlook

Bank Nifty Index saw a positive rally and ended around the record high. Index opened on positive note and also traded positive for the day.  Bulls were seen dominating the day for the Index. Major PSU players in the sector as well as private banks did not gains much. Next 25200 can be seen as major resistance for the index

Nifty Trends

   R110370
R210450
S110200
S210100

Technical Outlook:

Top Gainers

BPCL536.05
HINDPETRO480.00
IOC433.00
CIPLA614.00

Top Losers

HCLTECH865.00
ICICIBANK297.10
IBULHSGFIN1,248.00
SBIN318.30

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