Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-

Nifty witnessed a volatile trading session, with a smart recovery in the second half of the session and managing to close near the high point of the day. The Nifty ended the day 101 points higher at 10,628 led by broad-based buying, especially in FMCG stocks which was the best performing sectoral index ending the day 2.36% higher.

Nifty Future Support-Resistance

R1/R2

10700/10800

S1/S2

10450/10200

Daily Chart:

Bank Nifty Outlook:-

The star performer in today's trade was Bank Nifty, which ended the session 366 points higher at 26,365 driven by strong gains in HDFC Bank, Axis Bank, and Indusind Bank. Yes Bank, too, witnessed a strong recovery closing at 191.5 levels after hitting an intraday low of 182.2

Bank Nifty Future Support-Resistance
R1/R2	26400/26700
S1/S2	25950/25400

Daily Chart

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