Wednesday 22 November 2017

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on sideways note yet on positive bias today. Index gained strength in first half of the trading session later lost the numbers, with the Nifty trading above 10,300 level, backed by positive sentiments of stocks. Nifty-50 futures ended mixed yet on bullish sentiments among traders, We may see Nifty witnessing resistance around 10410 – 10540 level. Midcap and small cap index too traded on positive sentiments.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index traded on sideways note yet on positive bias today and sustained at positive note. Index was seen positive in first half of the trading session later the mixed movement was seen. Few  private players as well as PSU players among the banks gained for the day. Next 26000 can be seen as major resistance for the index.

Nifty Trends

   R110410
R210540
S110250
S210100

Technical Outlook:

Top Gainers

DRREDDY2,397.25
SUNPHARMA538.80
TECHM495.00
UPL755.00

Top Losers

IBULHSGFIN1,172.00
COALINDIA273.20
ITC255.50
POWERGRID206.00

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