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Nifty & Bank Nifty Today

Indian Equity markets closed lower for the second day in a row. RBI announced a repo rate cut by 25bps on the expected lines, bringing the rates back at 6% after a period of 1 year. Nifty & Bank Nifty index closed ~0.4% & 0.8% lower respectively as across the board profit booking was seen in major heavyweights. Nifty and Bank Nifty futures added fresh open interest,

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Nifty & Bank Nifty Today

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  1. ; Daily Equity Report 05-04-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Indian Equity markets closed lower for the second day in a row. RBI announced a repo rate cut by 25bps on the expected lines, bringing the rates back at 6% after a period of 1 year. Nifty & Bank Nifty index closed ~0.4% & 0.8% lower respectively as across the board profit booking was seen in major heavyweights. Nifty and Bank Nifty futures added fresh open interest, indicating the marginal build-up of short positions. 11726/11850 R1/R2 11560/11450 S1/S2 Daily Chart:

  2. ; Daily Newsletter Page 1 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty closed -0.63% lower at 29904.90, Bank Nifty April Future added fresh open interest, indicating a build-up of short positions. On the options front (APRIL expiry), across the board put long was seen in major out of the money strikes, while short build up was seen in major call option strikes of Nifty & Bank Nifty. 30450/30650 R1/R2 29677/29319 S1/S2 Daily Chart: Technical Outlook Top Losers Top Gainers IBULHSGFIN ZEEL ULTRACEMCO TATAMOTORS TCS 2017.00 1090.35 353.90 210.50 898.50 417.80 4100.00 206.30 HCLTECH BPCL HINDALCO

  3. ; Daily Newsletter Page 2 Stock Corner: Shares of SRF gained 4% on Thursday after the company in its filing to the exchanges informed about the resumption of operations at Chemicals Complex, Dahej, Gujarat. Shares of GRUH Finance gained 2% in intraday trade on Thursday after the company received approval for the scheme of amalgamation of it with Bandhan Bank. 1. Shares of Tata Motors were trading 2% higher on Thursday after media reports suggested that Jaguar Land Rover US sales showed sequential improvement in March. Nifty IT index declined 2% on Thursday despite the Indian rupee depreciated to trade above the key level of 69 against the dollar. Shares of TCS, HCL Tech, Wipro, Infibeam, Tata Elxsi, and NIIT Techwere leading the index’s fall. 2. 3. 4. Shares of Indiabulls Housing Finance gained % on Thursday on plans to borrow Rs26,000cr in FY19 after raising Rs17,300cr in Q4FY19 to meet profit target. Reacting to this, shares of the company gained 2% on Thursday. 5. Stock in ban period ADANIPOWER, IDBI, JETAIRWAYS, RPOWER.

  4. Daily Newsletter Page 3 ; Page 3 Technical outlook of top 2 stocks STAR FUTURE STAR gained and closed near days high, is looking strong on charts , we may continue to more upside in coming trading sessions. INTRADAY R1 R2 R3 515 525 540 485 460 440 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 2063348 504.00 471.20 1100 492.30 LEVEL S1 S2 S3 All over trends Sideways to Positive

  5. ; RELCAPITAL FUTURE Stock has been trading below the support and selling on rise strategy would be best in coming trading session with targets of 178 and 172 stoploss 195 INTRADAY R1 R2 R3 189 195 199 178 172 165 Bearish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 9049570 197.80 185.35 1500 191.93 LEVEL S1 S2 S3 All over trends

  6. Daily Newsletter ; Page 5 DISCLAIMER Entering our site means that you have read, understood and agreed to everything that is written and implied in this disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment advice for a specific individual. The information and views in this website & all the services we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. The information contained herein is from sources believed reliable. We do not represent that it is accurate, complete and it should not be relied upon as such. Any action taken by you on the basis of the information contained in this site is your responsibility only and we will not be liable in any manner for the consequences of such action taken by you. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Reports or any other information provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. By accessing our site or any of its associate/group sites, you have read, understood and agree to be legally bound by the terms of the following disclaimer and user agreement Star India Market Research and its owners/affiliates are not liable for damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research House is not responsible for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non-receipt of registration details or e-mails. www.starindiaresearch.com

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