Equity Research Lab Empowering global research Date: 8th Dec, 2017 NIFTY OUTLOOK
BANKNIFTY OUTLOOK
Nifty is likely to open with a positive note. Momentum indicators like RSI, Stochastic and MACD are showing a positive crossover. Bulls are likely to take the ride in their hands for today’s trading session. Intraday traders are advised to adopt buy on dips strategy .Positional traders are advised to create fresh long if nifty comes around 10100-10125 with a stop loss of 10050.
Bank nifty is likely to open in a positive note .Momentum indicators are indicating towards bulls rally ahead. Intraday traders are advised to adopt buy on dips strategy. Positional traders are advised to trail their stop loss for longs at 24950 and wait for the target of 25480.
Strategy Of The Day :
Top Gainer s
Symbol GAIL BHARTIARTL TECHM UPL ASIANPAINT
LTP 495.15 517 496.5 720 1143
% Change 8.57 6.94 5.13 4.97 3.5
Volume 1,21,80,617 62,63,169 74,75,829 35,22,782 9,86,078
Symbol COALINDIA TCS WIPRO CIPLA DRREDDY
LTP 263.25 2617.95 280.9 594 2196.05
% Change -0.7 -0.58 -0.57 -0.41 -0.19
Volume 19,32,289 6,63,150 25,24,500 7,52,359 2,34,439
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