TODAY NIFTY/ BANK NIFTY NEWS LETTER

Nifty Outlook:

Nifty slipped down today, selling pressure was witnessed in the index stocks. Fall of around 100 points was seen in the market. Worries of fresh tension between USA and North Korea was one of the reason, which kept the traders scared . Midcap counters also slipped for the day. Again for further session nifty is expected to trade in range, as contract expiry will also be one of the concern for traders.

Bank Nifty Outlook:

Bank Nifty Index traded on negative note for today. Fall of around 250 points was seen in the Index. On rebalancing of Nifty 50 Index, PSU players as well as private players were lost for the day and traded weak for the today’s session. Geopolitical tension kept the market worried and so affected the sentiments. For coming sessions index would trade in range and next 23950 can be seen as major resistance for the index.

Nifty 50 Gainers

Stock Price
COALINDIA 246.25
SUNPHARMA 500.25
BOSCHLTD 22,480.00
ONGC 161.40
IBULHSGFIN 1,230.35

Nifty 50 Losers

Stock Price
IOC 428.90
ADANIPORTS 384.25
ACC 1,772.40
TATAMTRDVR 219.50
INFY 899.95
Nifty Resistance & Support

R1 / R2 9950/10050
S1 / S2 9850/9700