; Daily Equity Report 03-5-2018 email@example.com Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty has turned choppy in the last hour of trading session and is stuck in a narrow trading band amid March quarter earnings reports and ahead of Federal Reserve meeting outcome tonight. The 10,800 mark is turning out to be a stiff resistance while on lower side 10700 will act as a support for now. 10800/10930 R1/R2 10700/10640 S1/S2 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty was strong against Nifty as gains for the third consecutive day in row and ends on a flat note. The 25,730 is important resistance zone for the Bank Nifty. PSU Bank today remain under pressure as PSU Bank Index tanks 2.49 percent led by oriental bank, Indian Bank, Andhra bank etc. Bank Nifty Future Support- Resistance 25850/26200 R1/R2 25550/25400 S1/S2 Daily Chart: Technical Outlook Top Losers VEDL HCLTECH HINDALCO TATASTEEL Top Gainers KOTAKBANK ZEEL ITC AXISBANK 283.55 1,005.35 227.3 574.8 1,260.00 600 286.6 524.85
; Daily Newsletter Page 3 Stock Corner: HCL Technologies Q4 profit rose 7.5 percent sequentially to Rs 2,230 crore, meeting analysts' estimates. The company reported a revenue of Rs 13,178 crore, 2.9 percent higher than in the December quarter. Hero MotoCorp reported a 35 percent year-on-year rise in its net profit for the March quarter at Rs 967.4 crore. Net sales were Rs 8,564 crore, 14.3 percent higher than the Rs 7,495.68 crore reported in the same quarter last fiscal. Marico has reported net profit growth of 7.2 percent year-on-year at Rs 183.2 crore for the quarter ended March 2018, backed by double digit revenue growth. Profit in corresponding period of last fiscal was at Rs 170.9 crore. GR Infraprojects has filed draft papers with capital markets regulator Sebi to raise an estimated Rs 1,800 crore through an initial public offering. Axis Bank has called media reports about Kotak Mahindra Bank's plans to acquire it 'factually incorrect and speculative'. Stock in ban period 1. 2. 3. 4. 5. IRB, PCJWELLER.
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks RELCAPITAL FUT Stock formed bearish engulfing pattern formation on daily chart with sustainable sell side volume. The stock fut is expected to trade lower in coming trade session too.. INTRADAY R1 R2 R3 450 465 480 414.75 405 390 395 BEARISH Stock Info VOLUME DAY HIGH DAY LOW WEEKLY LOW WEEKLY HIGH 8532000 451.20 417.70 417.70 451.20 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 5 TORNTPOWER FUT Stock showed buying and has successfully sustained above the all time high for now buying may continue if able to sustain above 1100. INTRADAY 1120 1130 1140 1115 1085 1070 1055 BUSLLISH R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW WEEKLY LOW WEEKLY HIGH 1539000 1114.90 1088 1071.70 1114.90 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 6 Event Calendar (30th April to 05th May) 30/04/18 (Mon) 01/05/18 (tues) 02/05/18 (wed) 03/05/18 (thurs) 04/05/18 (Fri) 05/05/18 (sat) - Result DABUR Result Result Result - AJANTPHARMA, HCLTECH, HERMOTOCO, HTMEDIA, JMFINANCIL, MARICO, SIEMENS ETC ADANIPORTS, EDELWEISS, CASTROL, HEXAWARE, IRB, JSWENERGY, MRF ETC AMBUJACEM, NIITTECH, NOCIL, PVR, WOCKPHARMA ETC Daily Calls INTRADAY BASIC CALLS DATE 02/05/18 02/05/18 02/05/18 Service Cash Future Option Stock Name KIRIINDUS NIITTECH FUT RAYMOND 1120 CE Entry Price 418 1134 45 Exit 428 1125.30 49.40 Profit/loss 7109 9525 5040 HNI CALLS DATE 02/05/18 02/05/18 02/05/18 Service Cash Future Option Stock Name ZEEL APOLLOTYRE FUT MINDTREE 1080 PE Entry Price 597 298 51.40 Exit 609.75 300.5 58.10 Profit/loss 12982 37500 60600 Report by Senior Researcher – Miss Namrata Otwani
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