Thursday 28 June 2018

Outlook of Nifty & Bank Nifty Today


Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-
Nifty witnessed selling pressure right through the day with the pressure intensifying in the final hour of trade. Nifty has tumbled further as the index has broken the crucial support of 10,700-levels. Trade war concerns and surge in crude oil prices spooked the market. Nifty IT and Nifty Pharma were the only sectoral indices that managed to end the session in green.





Nifty Future Support-Resistance
R1/R2
10800/10880
S1/S2
10540/10400


Daily Chart:


Bank Nifty Outlook:-
Bank Nifty too has slipped below its 21-DEMA support zone of 26,440-levels. This indicates fresh downside is on the cards. Traders may remain cautious ahead of F&O expiry which is due tomorrow.  

Bank Nifty Future Support-Resistance
R1/R2
26600/26900
S1/S2
26300/26050












Daily Chart:


Technical Outlook

Top Gainers
TECHM
716.2
INFRATEL
300
HCLTECH
922
HDFCBANK
2,114.90









Top Losers
BPCL
380.65
HINDPETRO
275.55
IOC
155.4
GAIL
326

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