Thursday 9 August 2018

Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-
Nifty opened gap up on Wednesday and traded with a positive bias throughout the day. The benchmark index managed to end the day near the high point of the day at 11,450, up 60 points. The index formed a bullish candle on the daily charts after two successive bearish candles. The next crucial resistance for the index is placed at 11,500-11530 while support is placed at 11,330.



Nifty Future Support-Resistance
R1/R2
11500/1200
S1/S2
11350/11250













Daily Chart


Bank Nifty Outlook:-
Bank Nifty closed above the 28,000-mark for the first time and ended 186 points higher at 28,062. Nifty PSU Bank Index was the best performing sectoral index and closed 0.89% higher.

Bank Nifty Future Support-Resistance
R1/R2
28200/28500
S1/S2
27800/27400












Daily Chart


Technical Outlook

Top Gainers
ONGC
172.8
RELIANCE
1,220.80
CIPLA
644.1
INFRATEL
292.5








Top Losers
LUPIN
822.15
MARUTI
9,210.00
HINDPETRO
283.9
BPCL
388.95

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