Thursday 10 May 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-
Nifty began on an absolutely flat note and actually managed to trade in the red for a brief period. But a recovery in banks, cements, TCS and RIL pushed up indices in the last couple of hours of trade. This is despite tepid global cues as oil prices touched USD 76 a barrel mark following US President Donald Trump’s announcements.


Nifty Future Support-Resistance
R1/R2
10800/10950
S1/S2
10640/10500

Daily Chart:







Bank Nifty Outlook:-
Bank Nifty trades higher for the third consecutive day and ends the day on higher note. Bank Nifty ends with bullish candle and may test 26300 mark in coming session while on lower side 25900 will act as an immediate support for now. 

Bank Nifty Future Support-Resistance
R1/R2
26320/27000
S1/S2
25900/25500












Daily Chart:


Technical Outlook

Top Gainers
TATAMOTORS
341.45
TITAN
985.75
TATASTEEL
604.75
YESBANK
348.15









Top Losers
ULTRACEMCO
3,966.00
BPCL
385
LUPIN
763.9
BAJFINANCE
1,848.00


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