Wednesday, 4 July 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-
Nifty extended their gains even as investors remained wary of the economic growth forecast weighed against higher oil prices while the building-up of trade tensions continued. Nifty closed above its resistance i.e. of 10710 which indicates buying in Index.







Nifty Future Support-Resistance
R1/R2
10820/10880
S1/S2
10630/10530

Daily Chart:


Bank Nifty Outlook:-
Bank Nifty recouped some previous day's losses to close in the green after volatility. Ongoing trade tensions between world's largest economies US and China capped gains. Bank Nifty closed on flat to positive note buying activity could be seen if manage to give breakouts of its 20 DMA which can be seen in below daily charts.

Bank Nifty Future Support-Resistance
R1/R2
26500/26850
S1/S2
26000/25550













Daily Chart:





Technical Outlook


Top Gainers
CIPLA
643
BAJAJFINSV
5,897.55
MARUTI
8,988.75
LUPIN
906.1









Top Losers
VEDL
231
INFRATEL
291.5
ICICIBANK
273.25
HDFC
1,882.05



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