Thursday 23 August 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today


Nifty Outlook:-

After opening higher Nifty extended rally and hit a fresh intraday record high in early trade, but immediately cooled off to remain in range of 42 points for rest of the session. Nifty formed Hanging Man pattern on the daily charts which is a bearish reversal candlestick pattern which is usually formed at the end of an uptrend or at the top.


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















Daily Chart




Bank Nifty Outlook:-
Bank Nifty ends in red territory traded weak against Nifty as well as failed to give breakouts of its resistance.  Fresh buying only trigger when able to give breakouts of its resistance i.e. of 28400 and sustain above it while 28000 will act as a support for now.


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

Daily Chart


Technical Outlook

Top Gainers
UPL
649.9
TECHM
708.5
COALINDIA
291.2
LUPIN
889.15









Top Losers
TATASTEEL
584
BPCL
369.3
VEDL
218.85
HINDUNILVR
1,753.30



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