Friday 20 April 2018

Daily Equity Market Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-

Nifty recouped previous day's losses even as crude oil prices hit multi-year highs, with Nifty gains 40 points to end above 10550 and end near the high point of the day in an otherwise lackluster trading session. Metal stocks were the major gainers in today’s trade with all the frontline metal stocks gaining 4-6 percent.


Nifty Future Support-Resistance
R1/R2
10650/10720
S1/S2
10500/10350


Daily Chart:



Bank Nifty Outlook:-

Bank Nifty ends weekly expiry on a flat note. Overall Bank Nifty was range bound in trade and the volatility is expected to continue in near term. Bank Nifty had taken the support of trend line which can be seen in below daily chart and approached higher side which is positive indicator for buying side. 

Nifty Future Support-Resistance
R1/R2
10310/10100
S1/S2
10500/9950












Daily Chart:





Top Gainers
HINDALCO
264.2
VEDL
310.45
TATASTEEL
621.4
YESBANK
318.5








Top Losers
BPCL
376.4
HINDPETRO
301.65
IOC
158.2
TITAN
952


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