Tuesday 15 May 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Nifty shuts around the 10,800 levels forming a Doji kind of a candle stick pattern on the daily chart indicating uncertainty ahead of the Karnataka Elections verdict on Tuesday May 15, 2018. The 10,785 levels which previously was the resistance point will now act as a crucial support level for Nifty.


Nifty Future Support-Resistance
R1/R2
10850/10950
S1/S2
10785/10640

Daily Chart:







Bank Nifty Outlook:-
Bank Nifty on the other hand ended with modest gains also forming a Doji candle stick pattern. Upside for the index is capped around the 26,700 level while support is seen around 25900 levels. Bank Nifty traded on strong note for the whole trading session against Nifty today.

Bank Nifty Future Support-Resistance
R1/R2
26565/27000
S1/S2
25930/25520












Daily Chart:


Technical Outlook

Top Gainers
NTPC
171.2
BPCL
404.5
INDUSINDBK
1,918.00
DRREDDY
2,015.00









Top Losers
TITAN
922.65
ZEEL
576.5
TATAMOTORS
323.5
M&M
850.05



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