Wednesday 11 July 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today




Nifty Outlook:-
Nifty traded sideways throughout the day on today’s trading session and closed below 10950 mark. Midcaps underperform. IT stocks were the star performers in today's trade, IT Index closed 2 percent higher led by TCS as it managing to end the session 5 percent higher.


Nifty Future Support-Resistance
R1/R2
11070/11190
S1/S2
10880/10800













Daily Chart:







Bank Nifty Outlook:-
Bank Nifty snaps six days of winning streak could not able to sustain on higher side and ends in red zone. Bank Nifty is facing stiff resistance i.e. of 27060 which can be seen in below charts if able to give breakouts and sustain above it than buying could be seen.

Bank Nifty Future Support-Resistance
R1/R2
27060/27660
S1/S2
26600/26400













Daily Chart:


Technical Outlook

Top Gainers
TCS
1,970.00
INFRATEL
315
BAJAJ-AUTO
3,169.00
HINDUNILVR
1,717.90








Top Losers
UPL
602.7
COALINDIA
265.45
HINDALCO
220.65
VEDL
218.2

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