Thursday 26 April 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-

Nifty lost ground and slipped sharply in late trades and also have recovered partially amid a volatile last hour. Nifty still has not managed to break the 10,500-10,650 range. A breakout on either side of the range would lead to a specific direction. Volatility seen ahead of future and option expiry which is due tomorrow.


Nifty Future Support-Resistance
R1/R2
10650/10730
S1/S2
10500/10430









Bank Nifty Outlook:-
Bank Nifty has led the decline as investors booked profit. Nifty PSU Bank index has broken down indicating a further decline in the PSU Bank index is on the cards. PSU Bank index end lower by 1.65 percent led by Bank India, Bank of Baroda followed by Canara Bank tanks more than 2 percent in today’s trade. 

Bank Nifty Future Support-Resistance
R1/R2
25150/25550
S1/S2
24670/24400












Daily Chart:


Technical Outlook

Top Gainers
BHARTIARTL
418.05
TCS
3,466.00
M&M
853
POWERGRID
209.25









Top Losers
GAIL
327.3
VEDL
288.5
HINDPETRO
297.25
HINDALCO
231.25


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