Friday 24 August 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Nifty traded in a tight range right through the day after opening gap up at lifetime highs of 11,620. IT and Pharma stocks were the star performers in today’s trade with Nifty IT and Nifty Pharma Index closing 1.29% and 1.11% higher, respectively.




Nifty Future Support-Resistance
R1/R2
11650/11700
S1/S2
11550/11500

Daily Chart:


Bank Nifty Outlook:-
Bank Nifty, however, witnessed selling pressure ending the weekly expiry at 0.81% lower at 28,027. Bank Nifty ends with bearish candle for the second time in a row as well as selling pressure may continue in Index.

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













Daily Chart:


Technical Outlook

Top Gainers
TECHM
728.9
DRREDDY
2,467.90
NTPC
164.5
HCLTECH
1,026.00









Top Losers
TATAMOTORS
256.55
BPCL
358.5
IOC
153.65
HINDPETRO
260.1




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