Tuesday 21 August 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Positive global cues, a recovery in rupee along with a rally in banks and index heavyweights helped the market kick off the week on a very strong note. Nifty managed to hit 11,500 for the first time ever, Strong cues dominated the activity on D-Street through the day and marginally off the high point of the day.


Nifty Future Support-Resistance
R1/R2
11640/11690
S1/S2
11500/11350

Daily Chart:








Bank Nifty Outlook:-
Bank Nifty ends near its all time high which is important resistance for Bank nifty now i.e. of 28380-38400 if able to give breakouts and sustain above it than buying may continue in Index for coming session.


Bank Nifty Future Support-Resistance
R1/R2
28400/28500
S1/S2
28000/27820













Daily Chart


Technical Outlook

Top Gainers
LT
1,323.05
TATAMOTORS
270.55
ONGC
169
TATASTEEL
600.2









Top Losers
INFY
1,388.20
GAIL
378.55
TITAN
923
HCLTECH
989


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