Friday 17 August 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Markets traded with a negative bias right through the day with the selling pressure intensifying in the second half of the session. Nifty ended the day 46.45 points lower at 11417. Metal and Media stocks bore the brunt in today’s trade Market breadth ended in favor of declines with the advance/decline ratio closing at 1:2x.




Nifty Future Support-Resistance
R1/R2
11510/11600
S1/S2
11350/11200












Daily Chart



Bank Nifty Outlook:-
Bank Nifty settled lower on weekly expiry led by a fall in the financial stocks after the rupee hit a record low of 70.32 per dollar. Kotak Bank, Bank Baroda, Yes Bank were among the major losers in the Nifty bank Index.

Bank Nifty Future Support-Resistance
R1/R2
28100/28400
S1/S2
27800/27400













Daily Chart


Technical Outlook

Top Gainers
GAIL
393.5
DRREDDY
2,357.60
SUNPHARMA
621
LUPIN
849.2









Top Losers
KOTAKBANK
1,245.00
VEDL
209
ZEEL
500.65
HDFC
1,892.20


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