Friday 15 June 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Nifty indices pared its losses but continued to be in the red, dragged down by Tech Mahindra, Adani Ports and ICICI Bank. Investors remained cautious after digesting Fed rate hike cautiously await European Central Bank policy rate decision due later in the day. Wholesale inflation spiked to 4.43 per cent in May, from 3.18% in April, according to the government data released on Thursday.

Nifty Future Support-Resistance
R1/R2
10880/10950
S1/S2
10750/10690










Daily Chart:







Bank Nifty Outlook:-
Bank Nifty ended volatile session in the red zone on the weekly expiry at 26580. US Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year.  

Bank Nifty Future Support-Resistance
R1/R2
26800/27060
S1/S2
26420/26080








Bank Nifty Future Support-Resistance

Daily Chart:


Technical Outlook

Top Gainers
LUPIN
903
SUNPHARMA
559.65
HCLTECH
936
CIPLA
589.8









Top Losers
TECHM
698.4
ADANIPORTS
374.6
TCS
1,784.95
IBULHSGFIN
1,184.20


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