Thursday 17 May 2018

Daily Equity Report


Nifty Outlook:-
Nifty ends in the red zone as uncertainty over the Karnataka elections verdict keeps the traders jittery. However, recovery in rupee and fall in crude oil prices help cut losses. Nifty managed to hold above the 10750 levels. Fresh positive momentum is likely only if 10785 mark is broken convincingly while 10700 seen as immediate support for now.


Nifty Future Support-Resistance
R1/R2
10820/10950
S1/S2
10700/10640


Daily Chart:





Bank Nifty Outlook:-
Bank Nifty snaps three days of winning streak, as doubts over the composition of the next government in Karnataka dampened investor risk appetite. Bank Nifty have strong support i.e. of 25930-25900 mark if able to give breakouts and sustain below it than selling pressure may continue.

Bank Nifty Future Support-Resistance
R1/R2
26470/26930
S1/S2
26100/25950













Daily Chart:


Technical Outlook

Top Gainers
HINDUNILVR
1,574.15
LUPIN
767.75
ITC
286.35
BAJFINANCE
1,929.00









Top Losers
ICICIBANK
296.95
CIPLA
556.2
ULTRACEMCO
3,980.00
RELIANCE
954.4

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