Wednesday 13 June 2018

Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-
Nifty ended with handsome gains ending above 10,850 levels. The index has now reached the breakout point from the Symmetrical Triangle Pattern on the daily chart. A close above 10,865 will confirm the same. Support gets upgraded to 10,790 levels.  

Nifty Future Support-Resistance
R1/R2
10950/11140
S1/S2
10760/10690












Daily Chart:







Bank Nifty Outlook:-
Bank Nifty on the other hand too ended near day's high. Immediate resistance is now seen around 26,770 levels. Its trading above 20 DMA which indicates buying, 26660 seen as immediate resistance if able to  give breakouts and sustain above it than it may hit 26800 mark in coming session.

Bank Nifty Future Support-Resistance
R1/R2
26800/27060
S1/S2
26280/26070












Daily Chart:


Technical Outlook

Top Gainers
LUPIN
861.15
DRREDDY
2,195.00
SBIN
284
INDUSINDBK
1,953.00









Top Losers
BHARTIARTL
380.45
HINDALCO
240.7
TATASTEEL
579.6
EICHERMOT
29,231.70


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