Tuesday, 28 November 2017

Daily Nifty/Bank Nifty News Letter

Nifty:  

Nifty Outlook

Nifty traded on positive note, broke the range and moved high. Index moved up for the day and traded in a range and managed to close above 10400  for the day. Nifty-50 futures traded sideways in first half and later gained the numbers, We may see Nifty witnessing resistance around 10510 – 10610 level. Midcap and small cap index too traded on positive note.

Bank Nifty:  

 

Bank Nifty Outlook

Bank Nifty Index traded on positive note yet and sustained above 25800. Index broke the range in start of the week. Index was seen sideways in first half of the trading session later the positive movement was seen. Few private players as well as PSU players among the banks gained the numbers for the day. Next 26125 can be seen as major resistance for the index.

Nifty Trends

   R110510
R210610
S110250
S210100

Technical Outlook:

Top Gainers

NTPC185.95
AXISBANK559.70
ZEEL575.35
ONGC184.05

Top Losers

HINDPETRO423.70
INFY996.55
ADANIPORTS399.60
BAJFINANCE1,772.00

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