Today Nifty/Bank Nifty News Letter

Nifty Outlook

With the positive opening for the week, Nifty added a positive rally for the today, A movement of around 50 points was seen in the Index. Midcap counters gained for the day and was almost same for small-cap counters too. Although Nifty was not able to sustain above 9900 and again trading in a range of 9900-9700. Ahead, contract expiry will again be a focus for market tomorrow.

Bank Nifty:
Bank Nifty Outlook

Bank Nifty Index traded on positive note for today. Movement of around 150 points was seen in the Index. Overall for the day Index traded flat, as profit booking was seen in last trading hours. Private players were positive for the day, Yes Bank, HDFC were amongst them. For coming sessions index would trade in range and next 24000 can be seen as major support for the index.

Nifty Trends
R1 9990
R2 10050
S1 9850
S2 9700
Technical Outlook:
Nifty Day Performance
Open 9,850.25
High 9,918.80
Low 9,846.50
Close 9883.60

Top Gainers
BOSCHLTD 23,000.00
IOC 450.50
BPCL 521.00

Top Losers
TECHM 425.80
M&M 1,360.00
DRREDDY 2,033.00
NTPC 167.80