Friday 22 June 2018

Daily Equity Report

Outlook of Nifty & Bank Nifty Today




Nifty Outlook:-
Nifty ended lower after consolidation, as investors monitor trade developments between US and China. IOC, HPCL and BPCL gained 3-4% on correction in crude oil prices. ICICI Bank and Reliance Industries gained more than a percent while HDFC Bank rose half a percent. Selling pressure only seen if able to close below 10690 mark.

Nifty Future Support-Resistance
R1/R2
10820/10880
S1/S2
10690/10530











Daily Chart:


Bank Nifty Outlook:-
Bank Nifty ended lower on weekly expiry. Nifty PSU Bank index ended nearly 2% lower led by a fall in the shares of Syndicate Bank, Union Bank of India and Punjab National Bank. Bank Nifty managed to closed above 20 DMA on daily charts to close at 26469.9.

Bank Nifty Future Support-Resistance
R1/R2
26800/27060
S1/S2
26200/25900












Daily Chart:


Technical Outlook

Top Gainers
IOC
172.05
BPCL
426
HINDPETRO
318.4
ICICIBANK
297.95








Top Losers
M&M
883.1
INFRATEL
278.95
DRREDDY
2,318.00
TITAN
871


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