Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-

Nifty settled around 1 percent lower tracking a fall in the global markets. Among the sectoral indices, the Nifty Metal index, the top loser of the day, ended 2.8 per cent lower weighed by Jindal Steel & Power and Hindalco Industries. The Nifty IT index slipped 2.2 per cent due to fall in Wipro and Infosys.

Nifty Future Support-Resistance
R1/R2	10800/11000
S1/S2	10600/10550

Daily Chart

Bank Nifty Outlook:-

Bank Nifty settled around 1 percent lower at 26157.90 down by 161 points. The Reserve Bank's decision to boost lending failed to impress investors. Weak global cues and correction in technology stocks on rupee recovery also hit market sentiment.

Bank Nifty Future Support-Resistance
R1/R2	26400/26700
S1/S2	25800/25400

Daily Chart

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