Friday 1 June 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Nifty witnessed a volatile trading session before short covering in the second half of the session and the gains in global stocks on easing of political concerns in Italy also lifted market sentiment. Investors awaited March quarter GDP growth numbers due later in the day helped Nifty ends 132.90 points higher. Indications are positive and we believe Nifty will test 10,800 shortly.


Nifty Future Support-Resistance
R1/R2
10820/10950
S1/S2
10600/10500



Daily Chart:







Bank Nifty Outlook:-
Bulls were back with vengeance on Thursday, the expiry day of May futures & options contracts as the late rally helped Bank Nifty gained more than 2 percent, driven by HDFC Bank, Indusind Bank and IDFC Bank etc. Bank Nifty closed with big bullish candle as well as near around its immediate resistance, buying may seen.

Bank Nifty Future Support-Resistance
R1/R2
27100/27660
S1/S2
26330/25920













Daily Chart:


Technical Outlook

Top Gainers
ADANIPORTS
393.5
HDFCBANK
2,130.00
INDUSINDBK
1,960.60
TECHM
709









Top Losers
SUNPHARMA
482.35
TATAMOTORS
283.15
DRREDDY
1,927.85
HEROMOTOCO
3,550.00


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