Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-

Bulls made a roaring comeback on a day that looked like a bearish day. A sharp recovery across sectors, particularly in the broader markets, helped the indices end sharply higher. The Nifty clocked 10,700 again and ended above that mark. The day began on a bearish note, with indices giving up key levels.

Nifty Future Support-Resistance

R1/R2

11037/11191

S1/S2

10539/10385

Daily Chart:

Bank Nifty Outlook:-

Equity markets have gained momentum in the last hour of trading and are hovering around the day's high. Bank Nifty climbed 214 points to trade at 27602. However, the index rose 600 points from intraday lows to 27,008. Maximum gains were seen in ICICI Bank, SBIN, YESBANK, and AXISBANK, which rose between 3-1% each.

Bank Nifty Future Support-Resistance
R1/R2	27970/28621
S1/S2	26222/25126

Daily Chart:

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Bank Nifty Weekly View

Bank Nifty Weekly View

Bank Nifty, meanwhile, has formed a Gravestone Doji candlestick pattern, which indicates that uncertainty is on the cards. Going forward, 26,400-levels cannot be ruled out. Only a breakout above 27,450-levels would trigger a fresh breakout.

Weekly chart

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Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-

Nifty50 which started off on a muted note tracking muted global cues recouped most of its losses and bounced back from its 5-days exponential moving average placed at 10,899 to form a bullish candle for the fifth consecutive day in a row. The Nifty formed a bullish candle on an intraday basis as the closing level was higher than the opening level.

Nifty Future Support-Resistance

R1/R2

11110/11150

S1/S2

10850/10750

Daily Chart:

Bank Nifty Outlook:-

The Indian equity markets witnessed a strong recovery despite opening gap down today. Bank Nifty too witnessed a strong recovery and ended the weekly expiry just 17 points lower at 27340.50 after hitting an intraday low of 27155.

Bank Nifty Future Support-Resistance
R1/R2	27425/27700
S1/S2	27150/26900

Daily Chart:

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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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Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Future Support-Resistance
R1/R2	10800/11050
S1/S2	10600/10450

Nifty Outlook:-

Nifty continued on their positive trend with buying pressure witnessed across sectors in the afternoon session. Nifty ended the day 80 points above at 10763.40 with broad-based buying pressure witnessed across all sectorial indices except Nifty finance service and PSU Banks.

Daily Chart

Bank Nifty Outlook:-

Bank Nifty ended on a positive note while being highly volatile by the end of the day. Yes Bank was the top performer and closed 7.23% higher. Investors are cautious ahead of the outcome of the RBI board meeting. The meeting had commenced at 10:30 am on Monday and the outcome is expected sometime in the evening.

Bank Nifty Future Support-Resistance

R1/R2

26750/27000

S1/S2

26100/25800

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राहुल अरोड़ा की राय है कि इस साल के अंत तक रुपया 2 रुपये और गिर जाएगा जिसका असर बाजार पर दिखेगा। इस साल के अंत तक डॉलर के मुकाबले रुपया 75 तक फिसल सकता है। आगे इकोनॉमी की भी सेहत और खराब हो सकती है। रुपये की कमजोरी, क्रूड के बढ़ते दाम और चुनावों से जुड़ी अनिश्चितताएं बाजार पर असर दिखाएंगी जिसको देखते हुए अभी तो बाजार से दूर रहने की ही सलाह है।

राहुल अरोड़ा के मुताबिक एफएमसीजी, बैंक, एनबीएफसी, ऑटो के वैल्यूएशन अभी भी महंगे हैं। आगे इनमें अभी और गिरावट देखने को मिल सकती है। राहुल अरोड़ा की गिरावट में जुबिलेंट फूड्स में खरीदारी करने की सलाह है।

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