December 14, 2017

Nifty Outlook:

We expect the Nifty to remain in a range of 9,000-9,200 levels next week as well, citing lack of triggers. Next trigger for the market would be March quarter earnings that are expected to be good. Global markets were mixed amid uncertainty over a delayed vote on US President Donald Trump’s health-care bill. Japan’s Nikkei and Australia’s ASX 200 gained nearly a percent while European markets were moderately lower at the time of writing this article.

Bank Nifty:

Bank Nifty Outlook :

Banks stocks hogged limelight after Finance Minister promised at IBLA award ceremony on Thursday that new policy for resolution of non-performing assets will be announced soon. PSU Bank gained the most, up more than 3 percent while Nifty Bank was up over a percent. Bank of India, PNB, Bank of Baroda, ICICI Bank and SBI surged 3-5 percent while HDFC Bank lost half a percent. Yes Bank gained nearly 1 percent as its qualified institutional placement issue received good response, subscribed over 2.5 times.

Nifty Trends

R1 9150
R2 9200
S1 9040
S2 9000
Technical Outlook:

Top Gainers

BANKBARODA 168.30
ICICIBANK 275.55
SBIN 275.95
GAIL 382.30
KOTAKBANK 878.45

Top Losers

GRASIM 1059.85
TECHM 472.35
ZEEL 516.00
TCS 2428.00
AMBUJACEM 229.70

SEBI Register company-Star India Market Research-An investment advisor gives stock tips, equity tips, commodity tips, mcx tips, ncdex tips, agri commodity tips.

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