Daily Equity Market Report

1. ; Daily Equity Report 24-05-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:-Nifty opened strong and crossed a new milestone of 12,000 to hit a record high intraday, but failed to hold on to those gains and ended sharply lower on May 23. It was despite general elections results indicated Modi-led National Democratic Alliance coming back to power.The index lost 244 points from its opening levels and formed large bearish candle on the daily charts. Nifty Future Support- Resistance 11975/12237 R1/R2 11545/11378 S1/S2 Daily Chart:

2. ; Daily Newsletter Page 1 Bank Nifty Outlook:- Bank Nifty opened positive and made a life-time high of 31,705 but failed to hold its gains and corrected around 1,400 points from its higher levels. "Now it has to hold immediate support of 30,250 to regain its strength towards 31,000 while major support exists at 30,000 then gap area of 29,500,. Bank Nifty Future Support- Resistance 31485/32356 R1/R2 30038/29461 S1/S2 Daily Chart: Top Gainers/Losers Top Losers Top Gainers 408.5 361.2 1,597.90 GRASIM VEDL 157 -5.59 -4.19 -3.8 -3.18 ADANIPORTS ZEEL INDUSINDBK 5.84 5.55 5.2 3.46 EICHERMOT ITC HINDALCO 20,335.50 288.35 191.7 887

3. ; Daily Newsletter Page 2 Stocks Corner: Shares of Adani Group companies surged up to 17 per cent intra-day on the BSE on Monday supported by heavy buy volumes after exit polls predicted the Bharatiya Janta Party (BJP)-led National Democratic Alliance (NDA) to form government onMay 23 Shares of Dr Reddy’s Laboratories plunged 7 per cent to Rs 2,544 in intra-day trade on the BSE in an otherwise strong market after the company reported disappointing margin in January-March quarter (Q4FY19).The company’s gross margin for the Q4 was at 52.4 per cent. On the year-on-year (YoY) basis, the gross margin declined by around 100 basis points (bps), primarily on account of price erosion, partially offset by new launches and 1. favorable forex rates. Muthoot Finance has reported 4QFY19 numbers with healthy AUM growth of 18% YoY.Net Interest Income grew by 6%/13% YoY/QoQ in 4QFY19. PAT has registered a low growth of 1%/6% YoY/QoQ.NIM increased by 113 bps to 14.64% in 4QFY19 on the account of increase in yield QoQ .The average cost of funding stood at 9.3% in 4QFY19 and incremental borrowing cost stood at 9.5%. Tata Motors has reported a 49 percent fall in its consolidated net profit at Rs 1,108 crore. The company had reported a profit of Rs 2,175 crore in a year ago period. The figure above includes profit attributable to shareholders of the company and non-controlling interests.Revenue of the company declined to Rs 86,422 crore against Rs 89,928.97. of Bajaj Auto on May 20 defied the broader market sentiment and settled with over 1 percent loss on bourseThough the fourth quarter earnings for the auto major was a good show in a tough environment, the company is expected to face margin pressure. 2. 3. 4. Stocks in ban period ADANIPOWER,IDBI,RELCAPITAL

4. Daily Newsletter ; Page 3 Technical outlook of top 2 stocks M&M FUT Stock had given breakouts of its support and able to sustain below it which can be seen in below charts further weakness is expected. INTRADAY R1 R2 R3 667 680 697 410 637 619 607 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 4938702 662.50 632.25 1000 650.95 LEVEL S1 S2 S3 All over trends Sideways to Negative

5. Daily Newsletter ; Page 4 MCDOWELL-N FUT Stock had given breakouts of its resistance and sustain near around it buying may continue in stock. INTRADAY R1 R2 R3 563 571 586 153.50 539 524 501 Bullish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 1832929 557 533.45 1250 548.27 LEVEL S1 S2 S3 All over trends

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