Wednesday 25 April 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today




Nifty Outlook:-

Nifty continued to remain on a hot streak, ending above the resistance level of 10600. Reliance Industries was the biggest outperformer, closing marginally below its life-time high levels. Investors continued to focus on corporate earnings especially after stable numbers announced so far. Positive Asian and European cues also aided sentiment.


Nifty Future Support-Resistance
R1/R2
10650/10730
S1/S2
10530/10430




Daily Chart:



Bank Nifty Outlook:-

Bank Nifty snaps two days of losing streak. Yes Bank, ICICI Bank, RBL Bank helped the Bank Nifty to ends in green territory and to close at 25019, while PSU Banks still facing pressure as tanks 1 percent in today’s trade. For now 25200 seen as immediate resistance for Bank Nifty if able to give breakouts than buying could be seen.


Nifty Future Support-Resistance
R1/R2
25200/25450
S1/S2
24800/24670

Daily Chart:


Technical Outlook

Top Gainers
RELIANCE
970.05
YESBANK
324
BAJAJFINSV
5,427.65
M&M
838.55









Top Losers
HINDALCO
236.75
WIPRO
286.95
INFY
1,154.50
TECHM
682.7

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