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Monday 20 October 2014

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Nifty Futures Outlook 20 October 2014

Nifty futures ended with gains on Friday after remaining under pressure for past two trading sessions. Value buying was seen on hopes a likely win for BJP in two recent elections would help push key reforms. Nifty futures closed at 7817 with a high of 7872. Nifty for next trading session would have the resistance of 7860 if it breaks this level than having the next resistance of 7920 and in down side having the support of 7780 if it breaks this level than having the next support of 7750.

Top gainers is ONGC, BPCL, Tata Motors, Hindalco, HDFC, Axis Bank.

Top losers is Jindal Steel, Infosys, Reliance, Wipro, TCS, Hero Motocorp.

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