Tuesday 22 May 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Nifty fell for the fourth day in a row, posting their longest losing streak in two over month amid concerns that rising crude oil prices will hurt economic and profit growth. Nifty now heading straight towards the 10500 psychological mark. Its immediate support is also seen around the 10,475 its 50-DMA.


Nifty Future Support-Resistance
R1/R2
10630/10820
S1/S2
10500/10430

Daily Chart:






Bank Nifty Outlook:-
Bank Nifty ended lower for the fourth consecutive session, dragged by HDFC twins. 25500 seen as immediate support for now if able to give breakouts and sustain below it than blood bath may continue in Bank Nifty.

Bank Nifty Future Support-Resistance
R1/R2
26070/26470
S1/S2
25500/25000














Daily Chart:




Technical Outlook


Top Gainers
SBIN
244.5
BPCL
393.9
COALINDIA
271
TCS
3,551.80









Top Losers
DRREDDY
1,890.00
SUNPHARMA
443.85
UPL
682.2
YESBANK
334.1

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