Daily Nifty News Letter-Star India Market Research 3/27/2018

Nifty traded on positive note today. Today’s session added positive numbers to the index. Nifty-50 futures managed to close above 10k level,

Outlook Of Nifty/bank nifty today

Nifty:

Nifty Outlook

Nifty traded on positive note today. Today’s session added positive numbers to the index. Nifty-50 futures managed to close above 10k level, Midcap counter saw gain and same was with small-cap counters too. Midcap index too gained and other stocks also moved positive for the day. In further trading session 10250 can be market resistance for index.

Bank Nifty:

Bank Nifty Outlook

Bank Nifty Index saw a positive note for today and trading in range for the day, while the bull’s head was high for the day. Private players performed well for the day, YES bank gained and traded positive for the day, PSU bank were also seen gaining for the day. Next, 24500 can be seen as major resistance for the index.

Technical Outlook

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