Friday, 4 May 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today




Nifty Outlook:-
Choppy session turned volatile in the second half as Nifty swung lower in the last hour of trade dragged down by IT and pharma stocks, while caution prevailed as hopes waned for real progress in Sino-US trade talks due later in the day.  Aviation stocks witnessed heavy selling pressure in today’s trade with Jet and IndiGo tanks more than 10% today.


Nifty Future Support-Resistance
R1/R2
10800/10930
S1/S2
10640/10530



Daily Chart:


Bank Nifty Outlook:-
Bank Nifty outperformed for the second day in a row against Nifty Index supported by gains in Axis and ICICI Bank. Volatility seen in the second half due to weekly expiry in Bank Nifty and managed to close above 25700 mark. For now buying may continue if able to give breakouts of 25780 mark and manage to sustain above it.

Bank Nifty Future Support-Resistance
R1/R2
25780/26220
S1/S2
25400/25000













Daily Chart:


Technical Outlook

Top Gainers
SUNPHARMA
533.75
INFRATEL
324.3
TATASTEEL
586.7
NTPC
173.5









Top Losers
HCLTECH
921
UPL
707
EICHERMOT
29,800.55
KOTAKBANK
1,231.85


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