Outlook Of Nifty/bank nifty today

Nifty Outlook:

In the last 12 months Nifty did well but the smallcap stock pickers made 100 percent return in the last one year. Going into FY2018, Porinju feels Nifty could well give 15-20 per cent growth in the Nifty and smart stock pickers can make 50-100 percent in the same period. The market direction in FY18 would be driven by global factors rather than local ones. Triggers for the markets would be a pick-up in global GDP and earnings growth, tax reforms and fiscal stimulus in the US, suggest experts.

Bank Nifty Outlook:

Along with strong flows from foreign institutional investors (FIIs) on the back of strong economic fundamentals which makes India one of the sought after investment destinations, domestic flows (DIIs) are picking momentum too. Fiscal year 2017 was a cherishing year for investors. The FII poured a net of Rs 50,206 crore into Indian equity market in FY17 compared to a net outflow of Rs 17,579 crore in FY16. The domestic mutual funds pumped Rs 54,735 crore in the equity market, making them a significant contributor in the market besides FIIs.

Nifty Trends

R1 9320
R2 9380
S1 9270
S2 9190
Technical Outlook:

Top Gainers

MARUTI 6335.00
RELIANCE 1415.05
ZEEL 543.15

Top Losers

HDFC 1492.00
HCLTECH 848.00
INFY 995.20
TECHM 447.00