Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-

The Nifty50 started off the session on negative note following correction in global peers on growth concern, but managed to rebound in last hour of trade to close above 10,900 levels. The sharp fall in oil prices which resulted into rupee appreciation boosted market sentiment on Tuesday.

Nifty Future Support-Resistance

R1/R2

10975/11100

S1/S2

10750/10590

Daily Chart:

Bank Nifty Outlook:-

Reversing the early losses, Bank Nifty closed in the positive territory led by buying in PSU Banks as Index closed more than 1 percent. Bank Nifty Futures continued to add fresh long positions in the December series.

Bank Nifty Future Support-Resistance
R1/R2	27450/27770
S1/S2	26900/26800

Daily Chart:

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