Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-

Markets started off the week on a strong note, rallying for third consecutive session following sharp slide in crude oil prices and recovery in rupee. Banking & financials, infra, pharma, auto and oil retailers drove the market higher while IT was the only underperformer among sectoral indices, falling 2 percent.

Nifty Future Support-Resistance

R1/R2

10770/10850

S1/S2

10600/10500

Daily Chart:

Bank Nifty Outlook:-

Bank Nifty continued the positive momentum built up in the previous trading session, with managing to end the session above 26500 level.  Three white soldiers pattern formation could be seen in daily charts which represents the reversal of a downtrend in coming session. 

Bank Nifty Future Support-Resistance
R1/R2	26650/27000
S1/S2	26200/25950

Daily Chart:

Technical Outlook

Top Gainers
SUNPHARMA	497
HINDPETRO	313.45
BPCL	401.25
GAIL	336.3

Top Losers
TECHM	676
POWERGRID	206.9
TCS	3,499.35
HCLTECH	897

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