Outlook of Nifty & Bank Nifty Today

1. ; Daily Equity Report 15-05-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:-Indian equity markets snapped nine- day fall and closed in the green on Tuesday with both Nifty and Bank Nifty ending higher after a volatile trading session. Bharti outperformer, gaining ~6% in the trade after the announcement regarding a hike in its post-paid tariff plans. Reliance Infrastructure, IDFC Limited, and Eicher Motors were among the top F&O gainers due to heavy short covering.Market breadth ended in favor of the advances with advance/decline ratio closing at 1:1x. Nifty Future Support- Resistance Airtel was the top 11350/11500 R1/R2 11100/10950 S1/S2 Daily Chart:

2. ; Daily Newsletter Page 1 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty closed higher 169.25 points higher at 28829.20. Banking stocks like sbin, kotak bank, federal bank ,icicibank, pnb performed well during the trading session. Bank nifty has good support around 28600 levels and till it hold this levels we may buy near this support for the targets of 29050 and closing below 28600 may trigger more selling towards 28200 levels . 29050/29350 R1/R2 28600/28350 S1/S2 Daily Chart: Technical Outlook Top Losers TECHM BAJFINANCE TCS HCLTECH Top Gainers IBULHSGFIN BHARTIARTL SUNPHARMA VEDL 792.10 2885.75 2095.80 1067.15 701.85 338.00 420.50 161.35

3. ; Daily Newsletter Page 2 Stock Corner: Indian Bank has reported a net loss of Rs189.77cr for the quarter ended March 31, 2019, against a net profit of Rs131.98cr for the same quarter in the previous year. Total income of the bank increased by 11.77% at Rs5,537.47cr for the quarter under review as compared to Rs4,954.21cr for the quarter ended March 31, 2018. 1. The Nifty PSU Bank was trading 1% higher on Friday amid heavy buying seen in Oriental Bank of Commerce, J&K Bank, Indian Bank, Union Bank, and Bank of India. Shares of Oriental Bank of Commerce and J&K Bank, which gained 4% and 3%, respectively were leading the index’s gain. 2. Besides, Bharti Airtel was the top outperformer, gaining ~6% in the trade after the announcement regarding a hike in its post-paid tariff plans. Reliance Infrastructure, IDFC Limited, and Eicher Motors were among the top F&O gainers due to heavy short covering. The Nifty IT index closed in the red, down ~1%. 3. Stock in ban period NIL

4. Daily Newsletter Page 3 ; Page 3 Technical outlook of top 2 stocks IBULHSGFIN FUTURE IBULHSGFIN 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 715 735 750 690 675 650 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 10232289 707.65 652.00 500 685.07 LEVEL S1 S2 S3 All over trends Sideways to Positive

5. ; SAIL FUTURE SAIL FUTURE has closed near the days low, is looking weak on charts , we may continue to more downside in coming trading sessions. INTRADAY 49.50 50.50 52.00 47.50 46.00 45.40 bearish R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 40357846 50.50 47.55 12000 48.83 LEVEL S1 S2 S3 All over trends

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