Wednesday 27 June 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Nifty ended its volatile session on a flat note amid escalated trade conflicts between the United States and China, and ahead of expiry of June futures & options contracts later this week. TCS, HDFC, ITC and Infosys helped the market close in the green while Reliance Industries and Tata Motors capped gains.






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

Daily Chart:


Bank Nifty Outlook:-
Bank Nifty pared their day's gains to end flat on Tuesday ahead of the June F&O expiry, due on Thursday.  Buying activity can be seen if able to give breakouts of 26710 and sustain above it. Support of Bank Nifty seen around 26480-26450 as per intraday charts.

Bank Nifty Future Support-Resistance
R1/R2
26850/27060
S1/S2
26450/26050















Daily Chart:


Technical Outlook


Top Gainers
GRASIM
1,036.00
COALINDIA
265.1
ULTRACEMCO
3,835.00
HINDALCO
223.1










Top Losers
TATAMOTORS
276.55
RELIANCE
978
CIPLA
599.85
TATASTEEL
548.4



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