Wednesday 9 May 2018

Daily Equity Report

Outlook of Nifty & Bank Nifty Today


Nifty Outlook:-
Nifty began the day on a higher note as advanced its gains to over 10,750 mark. But bulls could not get the momentum going further and the bears soon took over in the afternoon. Indices turned red in the afternoon trade before a battle between bears and bulls ensured that the indices ended flat.


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








Daily Chart:



Bank Nifty Outlook:-

Bank Nifty trades higher for the second consecutive day and ends the day with Doji candle on daily charts. ICICI Bank stole the limelight as the stock gained over 8 percent intraday and closed 7 percent higher. The bank, as such, reported 50 percent drop in its net profit for the March quarter.

Bank Nifty Future Support-Resistance
R1/R2
26300/27000
S1/S2
25500/25000












Daily Chart:


Technical Outlook
Top Gainers
ICICIBANK
308.5
HINDPETRO
305.55
EICHERMOT
30,400.00
BPCL
393








Top Losers
M&M
865.25
LT
1,364.90
INFY
1,167.50
ZEEL
592.8

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