Outlook Of Nifty/bank nifty today

The S&P BSE Sensex which has rallied about 14 percent so far in 2017 has lost some momentum after hitting a record high of 30,712.35 earlier in the month of May. However, experts on D-Street are not too worried as expectations of better than expected monsoon and implementation of goods & services tax (GST) by July is likely to push benchmark indices to fresh record highs.

Bank Nifty Outlook:

HDFC Life and Max Life had proposed a merger where in the first leg Max Financial Services, a holding company, was to be merged with Max Life. That was to be followed by a demerger of the life insurance business, which would subsequently be merged with HDFC Life

Nifty Trends

R1 9435
R2 9500
S1 9310
S2 9240

Technical Outlook:

Top Gainers

TATAMOTORS 470.50
TATAMTRDVR 276.40
ADANIPORTS 341.80
GAIL 392.00
BPCL 716.70

Top Losers

BANKBARODA 175.85
INFRATEL 368.45
LT 1,689.45
AUROPHARMA 526.75
HINDALCO 186.90