Nifty Outlook

The intraday rally that drove Nifty above 10,100 for the first time on Thursday — post JD(U)-BJP alliance in Bihar and Federal Reserve meet . offset by the sell-off in last hour of trade due to F&O expiry-led volatility. But the index managed to close the July expiry above 10,000-mark. The 30-share BSE Sensex shed 290 points from day’s high, to close with only 0.84 points gains at 32,383.30 driven by the rally in HDFC Group stocks. The index hit an intraday all-time high of 32,672.66. The 50-share NSE Nifty fell 0.10 points to 10,020.55 after hitting an intraday record high of 10,114.85

Bank Nifty:

Bank Nifty Outlook

The Nifty posted biggest absolute gains in a series since March 2016, up 5.4 percent and Nifty Bank rallied over 7 percent in July series but the Nifty Midcap underperformed, up 4.4 percent. HDFC was the biggest gainer among Sensex stocks, up 5.83 percent to end at record closing high of Rs 1,728.50 as brokerage houses raised target price on the stock post Q1 earnings. Yes Bank also ended at record closing high of Rs 1,786.75, up 4.33 percent after analysts retained bullish stance on stellar earnings performance and stock split.

Nifty Trends

R1 10070
R2 10120
S1 9973
S2 9900
Technical Outlook:

Nifty Day Performance

Open 10,042.40
High 10,117.90
Low 10,010.00
Close 10025.20

Top Gainers
HDFC 1,719.00
YESBANK 1,783.00
HDFCBANK 1,785.10
ZEEL 540.30

Top Losers
DRREDDY 2,599.00
TCS 2,477.00

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


Comments are closed.

NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.