Wednesday, 1 August 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today




Nifty Outlook:-
After days of rally, D-Street took a breather of sorts, after the Reserve Bank of India (RBI) raised its repo rate by 25 bps to 6.5%. The policy comes amid rising inflation and a falling rupee. The widening current account deficit in an election year is also a key monitor able for the policymakers. The Nifty managed to close just below 11,400-mark.




Nifty Future Support-Resistance
R1/R2
11410/11500
S1/S2
11280/11220


Daily Chart


Bank Nifty Outlook:-
Bank Nifty tanks central bank's Monetary Policy Committee also increased the reverse repo rate by 25 bps to 6.25%, while keeping a neutral stance on policy. It pegged retail inflation at 4.8 per cent for the second half of the current fiscal. It also kept the GDP forecast for the current fiscal unchanged at 7.4 per cent and saw it at 7.5-7.6 per cent in the second half of the current fiscal.

Bank Nifty Future Support-Resistance
R1/R2
27880/27930
S1/S2
27475/27050












Daily Chart


Technical Outlook

Top Gainers
COALINDIA
270.5
LUPIN
844
IOC
168.2
INFRATEL
293.1








Top Losers
HINDALCO
208
ICICIBANK
297
MARUTI
9,327.00
VEDL
217.95



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