; Daily Equity Report 23-5-2018 firstname.lastname@example.org Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty snap four days losing streak, led by short covering most beaten down stocks like banks. Bajaj Finance, Bajaj Finserv and Berger Paints hit new highs intraday. Nifty Future managed to close above 10550 mark for now 10500-10430 will act as an immediate support while on higher side 10650 seen resistance. 10650/10700 R1/R2 10500/10430 S1/S2 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty also snap four days losing streak, led by short covering most beaten down stocks like banks. Shares of public sector banks have rallied after State Bank of India (SBI), the largest state-owned bank, reported a net loss of Rs 77.18 billion in March quarter (Q4FY18) due to higher provisioning for bad loans. 26070/26470 R1/R2 25700/25500 S1/S2 Daily Chart: Technical Outlook Top Losers Top Gainers DRREDDY BAJAJFINSV SBIN TATAMOTORS IOC 159.3 3,751.05 316.05 1,895.00 2,004.20 5,999.00 255.7 308 ULTRACEMCO INFRATEL INDUSINDBK
; Daily Newsletter Page 3 Stock Corner: Dr Reddy's Labs gained over 6% even after it posted an about 3% fall in quarterly profit, hurt by headwinds in the US market. State Bank of India (SBI) gained 3% even after it posted net loss of Rs 77.18 bn in January - March 2018 quarter, as against a net profit of Rs 28.15 billion in the previous corresponding period. Reliance Communications rallied after the company filed appeal before the Hon’ble National Company Law Appellate Tribunal (NCLAT) against the Hon’ble National Company Law Tribunal (NCLT) order. The Amara Raja stock corrected over 8 per cent intraday on its weak March quarter performance, and downward revision of margin estimates by brokerages for FY19 A rise in crude oil prices, especially in an election year, has seen oil marketing companies – Hindustan Petroleum, BPCL andIOC underperform the markets thus far in calendar year 2018 (CY18). 1. 2. 3. 4. 5. Stock in ban period BALRAMCHIN, DHFL, JETAIRWAYS, JUSTDIAL, PCJEWELLER, RCOM, WOCKPHARMA.
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks SRTRANSFIN FUT Seen buying in stock after two days of fall, stock had given breakouts of its immediate sloping trend-line resistance and sustain above it which further indicates buying in it. INTRADAY 1487 1515 1560 1464.55 1410 1390 1369 Sideways to Positive R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 1284000 1455.95 1413.30 600 1438.47 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 5 PIDILITIIND FUT Stock had given breakouts of its important resistance i.e. of 1121.80 and close near around it if able to give breakouts of 1123 than buying may continue in stock. INTRADAY 1130 1150 1170 1123 1095 1065 1020 BULLISH R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 2574000 1123 1097.60 1000 1113.30 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 6 Event Calendar (21st May to 26th May) 21/05/18 (Mon) 22/05/18 (tues) 23/05/18 (wed) 24/05/18 (thurs) 25/05/18 (Fri) 26/05/18 (sat) Result ABAN, Result BATAINDIA, CARE, CIPLA, DRREDDY, IOC, SBI, VIPIND ETC Result BAJAJELC, BPL, CESC, ECLERX, GRASIM, IGL, KPIT ETC Result 20 MICRO, GAIL, KSCL, NCC, MOIL, NCC, ETC Result Result BANKBARODA, BEML, CENTRALBK, HINDCOPPER, ETC VRLLOGISTIC, WONDERLA ETC COLPAL, DLF, GSPL, JUSTDIAL, PETRONET, REDINGTON, ETC Daily Calls INTRADAY BASIC CALLS DATE 22/05/18 22/05/18 22/05/18 HNI CALLS Service Cash Future Option Stock Name DMART PIDILITIND FUT BEML 950 PE Entry Price 1370 1118 58 Exit 1398 1123 69.70 Profit/loss 6087 5000 5010 DATE 22/05/18 22/05/18 22/05/18 Service Cash Future Option Stock Name STAR ASHOKLEY FUT L&TFH 165 CE Entry Price 347 137 4.30 Exit 365 139.50 5.20 Profit/loss 51873 17500 20250 Report by Senior Researcher: Miss Namrata Otwani
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