Thursday, 3 May 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Nifty has turned choppy in the last hour of trading session and is stuck in a narrow trading band amid March quarter earnings reports and ahead of Federal Reserve meeting outcome tonight. The 10,800 mark is turning out to be a stiff resistance while on lower side 10700 will act as a support for now.


Nifty Future Support-Resistance
R1/R2
10800/10930
S1/S2
10700/10640




Daily Chart:


Bank Nifty Outlook:-
Bank Nifty was strong against Nifty as gains for the third consecutive day in row and ends on a flat note. The 25,730 is important resistance zone for the Bank Nifty.  PSU Bank today remain under pressure as PSU Bank Index tanks 2.49 percent led by oriental bank, Indian Bank, Andhra bank etc.

Bank Nifty Future Support-Resistance
R1/R2
25850/26200
S1/S2
25550/25400














Daily Chart:


Technical Outlook

Top Gainers
KOTAKBANK
1,260.00
ZEEL
600
ITC
286.6
AXISBANK
524.85









Top Losers
VEDL
283.55
HCLTECH
1,005.35
HINDALCO
227.3
TATASTEEL
574.8


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