Thursday 12 July 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Nifty continued its stellar run managing to regain the 11,000 mark for the first time since Feb 1. Reliance Industries was the major contributor to the rally ending the session 4.11% higher at 1,081, becoming the second Indian company after TCS to hit $100 billion mark. However, profiting book was witnessed in the final hour of the trade and ends higher at 11015.50.





Nifty Future Support-Resistance
R1/R2
11070/11190
S1/S2
10950/10850


Daily Chart:


Bank Nifty Outlook:-
Bank Nifty too ended the weekly expiry on a positive note. Bank Nifty continues taking support from its sloping trend line and trading on higher side, buying continue if able to sustain above 27060 mark. 

Bank Nifty Future Support-Resistance
R1/R2
27155/27640
S1/S2
26700/26400












Daily Chart



Technical Outlook

Top Gainers
RELIANCE
1,080.90
BPCL
377.1
BAJFINANCE
2,417.20
WIPRO
278.8









Top Losers
UPL
578.05
VEDL
211.85
BAJAJ-AUTO
3,097.15
INFY
1,295.00


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