Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:

The index, which formed bullish candle on the daily scale, could go above 10,950 levels in coming session, followed by some profit booking, experts said, adding then 11,000 is likely to be hit by end of this month.The Nifty50 after opening higher at 10,777.55, which was also an intraday high, extended rally as the day progressed and touched a day’s high of 10,896.95. The index ended 149.20 points or 1.39 percent higher at 1010,886.80.

Nifty Future Support-Resistance
R1/R2 10990/11080
S1/S2 10690/10590

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 108 points to trade at 26,958. However, the index rose 600 points from intraday lows to 27,008. Maximum gains were seen in YESBANK, INDUSLANDBANK HDFCBANK, and RBLBANK, which rose between 2-1% each.

Bank Nifty Future Support-Resistance
R1/R2 27530/27553
S1/S2 26206/27794

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