Wednesday 5 December 2018

Daily Equity Report


Outlook of Nifty & Bank Nifty Today



Nifty Outlook:-
Nifty closed lower as selling pressure were seen in banking, infra and financial stocks, while IT is the top gainer amid caution ahead of RBI’s monetary policy committee meeting outcome on Wednesday. Uncertainty over US-China trade truce has also weighed on indices.


Nifty Future Support-Resistance
R1/R2
11000/11100
S1/S2
10850/10750


Daily Chart:



Bank Nifty Outlook:-
Bank Nifty lower ahead of the outcome of the Reserve Bank of India's (RBI) monetary policy meeting, which is due on Wednesday. The three-day review meeting by the central bank began on Monday. Analysts expect RBI to support an economy that is losing momentum by leaving interest rates unchanged.


Bank Nifty Future Support-Resistance
R1/R2
27070/27300
S1/S2
26500/25950

Daily Chart


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