Tuesday 8 May 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Nifty stages a solid come back snapping 3-day losing streak. Banks led the rally followed by the Auto, FMCG and Metals stocks. Nifty has shown promising move, immediate resistance is seen around 10,790 levels support gets upgraded to 10,650 levels.


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




Daily Chart:


Bank Nifty Outlook:-
Post the inverse head and shoulder breakout, the Bank Nifty has further broken out from a four-day consolidation phase indicating strength in the current up move. Immediate resistance is placed at 26,000 levels.

Bank Nifty Future Support-Resistance
R1/R2
25780/26220
S1/S2
25400/25000















Daily Chart:


Technical Outlook


Top Gainers
GAIL
344
M&M
886.5
ICICIBANK
293
AXISBANK
536.1








Top Losers
LUPIN
774.85
DRREDDY
2,067.00
TCS
3,428.00
COALINDIA
267.4

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