Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-

Nifty snap four days losing streak, led by short covering most beaten down stocks like banks. Bajaj Finance, Bajaj Finserv and Berger Paints hit new highs intraday. Nifty Future managed to close above 10550 mark for now 10500-10430 will act as an immediate support while on higher side 10650 seen resistance.

Nifty Future Support-Resistance
R1/R2	10650/10700
S1/S2	10500/10430

Daily Chart:

Bank Nifty Outlook:-

Bank Nifty also snap four days losing streak, led by short covering most beaten down stocks like banks. Shares of public sector banks have rallied after State Bank of India (SBI), the largest state-owned bank, reported a net loss of Rs 77.18 billion in March quarter (Q4FY18) due to higher provisioning for bad loans.

Bank Nifty Future Support-Resistance
R1/R2	26070/26470
S1/S2	25700/25500

Daily Chart:

Technical Outlook

Top Gainers
DRREDDY	2,004.20
BAJAJFINSV	5,999.00
SBIN	255.7
TATAMOTORS	308

Top Losers
IOC	159.3
ULTRACEMCO	3,751.05
INFRATEL	316.05
INDUSINDBK	1,895.00

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