Tuesday 7 November 2017

Outlook Of Nifty/bank nifty today

Nifty:  

Nifty Outlook

Nifty traded on positive note today. Index gained strength in first half of the trading session later the correction was seen, with the Nifty trading above 10,500 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 10610 – 10740 level. Midcap and small cap index too traded on positive sentiments.

Bank Nifty:  

Bank Nifty Outlook

Bank Nifty Index saw a positive rally and and touched a new high in today’s trading session. Index was seen positive in first half of the trading session later the correction was seen.  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

   R110610
R210740
S110400
S210300

Technical Outlook:

Top Gainers

ONGC199.00
M&M1,370.50
INFRATEL423.95
TATAMOTORS457.90

Top Losers

HINDPETRO433.75
ZEEL528.15
YESBANK319.50
UPL761.05

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