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Wednesday, 22 October 2014

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Nifty Futures Outlook 22 October 2014

Nifty futures rose for a third straight session on Tuesday to mark their highest close in 1-1/2 weeks as government plans to auction coal blocks the top court cancelled in August. Nifty futures closed at 7946 with a high of 7959. Nifty for next trading session would have the resistance of 7960 if it breaks this level than having the next resistance of 8010 and in down side having the support of 7880 if it breaks this level than having the next support of 7830.

Top gainers is Hero Motocorp, Jindal Steel, Dr Reddy's Labs, Cipla, Tata Motors.

ONGC, DLF, Coal India, PNB, ICICI Bank, Tata Power, NMDC, ITC.

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