Tuesday 4 September 2018

Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-
A sharp selloff in the last hour erased all the gains, with the market closing at low points of the day. The Nifty managed to give up 11,650. While FMCG were one of the big laggards through the day, weakness among banks, along with IT, pharmaceuticals, energy, and infrastructure sectors also weighed on the indices.





Nifty Future Support-Resistance
R1/R2
11800/11900
S1/S2
11600/11500







Daily Chart:


Bank Nifty Outlook:-

Bank Nifty ended lower on Monday after India's manufacturing growth eased in August on softer domestic demand and on concerns over the escalation of the global trade war.

Bank Nifty Future Support-Resistance
R1/R2
28410/28550
S1/S2
27820/27450









Daily Chart:


Technical Outlook

Top Gainers
DRREDDY
2,588.00
WIPRO
309.15
EICHERMOT
28,715.00
TITAN
911.5









Top Losers
BAJFINANCE
2,720.10
HINDUNILVR
1,699.80
POWERGRID
194.2
AXISBANK
630.7


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