Tuesday 7 August 2018

Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-
Markets opened higher but selling pressure through the day pared initial gains. Nifty had given a gap up opening of 36 points and hit a fresh all-time high during intraday trade. However, profit-booking resulted in the index closing flat (up 4 points) at 11,418.35.




Nifty Future Support-Resistance
R1/R2
11450/11500
S1/S2
11350/11250












Daily Chart


Bank Nifty Outlook:-
Bank Nifty ends on flat to negative note, private bank Index tanks more than 2 percent after PNB reported its second consecutive quarter of loss as the country's second-biggest state-run lender set aside more funds for a massive fraud it disclosed earlier this year.

Bank Nifty Future Support-Resistance
R1/R2
28020/28120
S1/S2
27820/27400












Daily Chart


Technical Outlook

Top Gainers
TATASTEEL
575.5
TITAN
929
BAJFINANCE
2,752.80
EICHERMOT
27,595.00









Top Losers
ADANIPORTS
373.2
COALINDIA
275.5
HINDPETRO
288.8
BPCL
394.2

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