Tuesday 7 August 2018

Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-
After trading near the day’s high points throughout the session, equity benchmarks lost some sheen in the last hour, with the Nifty giving up 11,400.  Axis Bank, State Bank of India, and ICICI Bank were the top gainers, while Tata Motors, Kotak Mahindra Bank, GAIL and Dr Reddy’s Labs lost the most.



Nifty Future Support-Resistance
R1/R2
11450/11500
S1/S2
11300/11200












Daily Chart


Bank Nifty Outlook:-
Bank Nifty settled at record closing highs on Monday, after rallying for the to a second consecutive session led by rise in financial stocks, especially the public sector banks (PSBs). Banks led the gainers’ chart among all sectoral indices.

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











Daily Chart



Technical Outlook

Top Gainers
AXISBANK
595.9
SBIN
308.9
ICICIBANK
314.5
BHARTIARTL
384.55










Top Losers
GAIL
376.5
KOTAKBANK
1,284.00
TATAMOTORS
253.5
HINDUNILVR
1,730.00


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