Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-

After gap down opening Nifty traded sideways right through the day before witnessing selling pressure in the final hour of trade. Global equities corrected on account of escalating trade ware concerns between the US and other major economies. Nifty It Index closed in green zone others closed in red zone.

Nifty Future Support-Resistance
R1/R2	10880/10950
S1/S2	10690/10550

Daily Chart:

Bank Nifty Outlook:-

Bank Nifty too saw gap down opening while recovered in the early trades and traded sideways. Nifty PSU Bank index was the worst performing sectoral index correcting 2.04 percent in today’s trading session.

Bank Nifty Future Support-Resistance
R1/R2	26850/27060
S1/S2	26050/25500

Daily Chart:

Technical Outlook

Top Gainers
ULTRACEMCO	3,737.55
BAJFINANCE	2,385.05
INFY	1,269.70
INFRATEL	290.75

Top Losers
TATAMOTORS	288.55
HINDPETRO	298.75
ICICIBANK	289.7
BPCL	412

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