Thursday, 5 July 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today




Nifty Outlook:-
Markets traded with a positive bias throughout the day and gained traction despite concerns in the global markets, including - trade war worries and oil prices. Today government hiked the minimum support price on kharif crops.  Nifty closed on strong note buying activity is expected in coming session while trades will remain cautious ahead of F&O expiry which is due tomorrow.


Nifty Future Support-Resistance
R1/R2
10820/10880
S1/S2
10670/10555




Daily Chart:


Bank Nifty Outlook:-
Bank Nifty settled higher for the second day in a row, strong resistance seen in daily charts that is of 26480 if able to give breakouts and closed above it indicates buying action or bullish momentum in coming days.

Bank Nifty Future Support-Resistance
R1/R2
26480/26600
S1/S2
26060/25900












Daily Chart:


Technical Outlook

Top Gainers
BAJAJ-AUTO
2,988.80
LUPIN
938
MARUTI
9,224.95
BAJAJFINSV
6,035.00









Top Losers
HINDPETRO
252.15
GRASIM
966
CIPLA
627.75
NTPC
152.55

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