Thursday 9 August 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
The benchmark indices settled at fresh closing high on Thursday, though bears tried intermittently for control. The market has consistently been hitting fresh record highs, backed by select large caps and banks on hopes of a likely improvement in asset quality going forward. Nifty 50 index closed at a new high of 11,484.90, up 17 points.





Nifty Future Support-Resistance
R1/R2
11510/1200
S1/S2
11450/11350

Daily Chart


Bank Nifty Outlook:-
Shares of public sector undertaking (PSU) bank were in focus with the Nifty PSU Bank index gaining around 3% on the NSE in an otherwise range-bound market on. Union Bank of India, Allahabad Bank and Oriental Bank of Commerce were up 5% each, while Andhra Bank, Bank of India, Canara Bank, Bank of Baroda, Syndicate Bank, PNB and SBI were up in the range of 3% to 4% on the NSE.

Bank Nifty Future Support-Resistance
R1/R2
28500/28800
S1/S2
28150/27800












Daily Chart


Technical Outlook

Top Gainers
AXISBANK
621.35
ICICIBANK
332
HINDALCO
228.1
SBIN
317.65









Top Losers
BHARTIARTL
367
TITAN
914.95
ONGC
169
CIPLA
621.05

To Get Free Trial on stock market tips,nifty trading tips give
Missed call @8817002233,WHATSAPP NO. 8602780449
Mail Us = starindiamarket@gmail.com


No comments:

Post a Comment