Thursday 2 November 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 10,489 level, backed by positive sentiments stocks. Nifty-50 futures ended higher on bullish sentiments among traders, We may see Nifty witnessing resistance around 10510 – 10670 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. Few PSU players in the sector as well as private banks gained for the day. Next 25750 can be seen as major resistance for the index.

Nifty Trends

   R110510
R210670
S110400
S210250

Technical Outlook:

Top Gainers

BHARTIARTL543.00
SBIN320.00
ICICIBANK313.35
VEDL343.35

Top Losers

EICHERMOT30,931.00
INFRATEL425.30
DRREDDY2,355.00
UPL782.00

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