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Stock & Equity Market:Outlook of Nifty & Bank Nifty Report

Indian Equity markets witnessed selling pressure in the closing hour of the trade with both Nifty and Bank Nifty Indices closing in the red.

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Stock & Equity Market:Outlook of Nifty & Bank Nifty Report

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  1. ; Daily Equity Report 24-04-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Indian Equity markets witnessed selling pressure in the closing hour of the trade with both Nifty and Bank Nifty Indices closing in the red. Nifty bank index underperformed the benchmark index by 0.5% with both the indices closing around the lowest trading point for the second day in a row. As per closing selling on rise strategy is advised in nifty around 11650 levels for the targets of 11550 and 11450 levels with strict stop loss of 11750. 11660/11780 R1/R2 11560/11450 S1/S2 Daily Chart:

  2. ; Daily Newsletter Page 1 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty closed lower at 29479.70, 208.25 points down 0.70% . Bank nifty added fresh open interest consisting mainly of short positions. Major banking large cap stocks like hdfc bank and hdfc closed near lows. We may see some more corrections going ahead. So we advise selling on rise strategy on bank nifty future around 29800 levels with stoploss 30000 for target of 29200. 30050/30450 R1/R2 29211/28800 S1/S2 Daily Chart: Technical Outlook Top Losers MARUTI YESBANK TATASTEEL INDUSINDBK Top Gainers ONGC ZEEL SUNPHARMA BAJAJFINANCE 7061.00 231.00 522.95 1657.90 165.00 409.25 468.00 3037.10

  3. ; Daily Newsletter Page 2 Stock Corner: Shares of Capacite Infraprojects gained 1% on Tuesday after the company won orders worth Rs. 342.38 cr from private sector clients for construction of commercial and residential buildings at Mumbai. 1. climbed 0.5% at $ 74.47 / bbl and WTI rose 2.66% at $ 65.70. Shares of Oil marketing companies OMCs extended its fall for the second consecutive session in the Tuesdays afternoon trade after International crude oil benchmark indice Brent 2. Shares of Zee Media and Zee Entertainment, which gained 10% and 6% respectively, were leading the index’s gain. Shares of companies gained after media reports stated that Macquarie, an Australian multinational independent investment bank and financial services company, has maintained outperform call with the target of Rs540/share and expects a whopping 36% upside in stock amid stake sale buzz. 3. Essel Propack (EPL), in its filing to the exchanges on Monday, informed that private equity funds managed by Blackstone have entered into a definitive agreement with Ashok Goel Trust to purchase a majority stake in the company. Essel Propack is a global tube-packaging company headquartered in Mumbai, India. It is part of the Essel Group and is a specialty packaging manufacturer of laminated plastic tubes for the FMCG and Pharma space. 4. Stock in ban period ADANIPOWER, DLF, IDBI, IDEA, JETAIRWAYS, PCJEWELLER, RPOWER

  4. Daily Newsletter ; Page 3 Technical outlook of top 2 stocks YESBANK FUTURE Yes bank future closed near the days low , we may see more downside in the coming trading sessions below 230 we may see 200 levels with strict stop loss of 240. INTRADAY R1 R2 R3 240 248 260 205 190 175 Bearish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 53017 245 230.25 1750 239.28 LEVEL S1 S2 S3 All over trends

  5. Page 4 ; Daily Newsletter WIPRO FUTURE WIPRO 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 292 298 305 285 280 275 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 6177784 291.85 286.70 3200 289.44 LEVEL S1 S2 S3 All over trends BULLISH

  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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