Thursday 6 September 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today


Nifty Outlook:-
Bears are taking full control on Dalal Street as the Nifty over 100 points intraday Wednesday, dented by weak global cues and sharp rupee depreciation. The correction was long overdue because market had rallied more than 10 percent year-to-date before this correction began. A good recovery in the last hour helped the market close with shallow cuts.



Nifty Future Support-Resistance
R1/R2
11600/11650
S1/S2
11400/11350












Daily Chart:




Bank Nifty Outlook:-
Like Nifty, Bank Nifty settled lower as investors stayed cautious due to sliding rupee, surging bond yields, and oil prices. Bank Nifty recovered 240 points from the low point of the day managing to end at 11518.25.



Bank Nifty Future Support-Resistance
R1/R2
27650/28050
S1/S2
27300/27050












Daily Chart:


Technical Outlook

Top Gainers
YESBANK
344.05
TATAMOTORS
268.75
WIPRO
319.8
HINDALCO
239.8









Top Losers
INFRATEL
271.9
ZEEL
478
HINDUNILVR
1,606.25
TITAN
865.35


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