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Nifty Future Tips- Outlook of Nifty & Bank Nifty Today

The domestic stock market ended on a weak note on Friday as stocks remained in a corrective mood.

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Nifty Future Tips- Outlook of Nifty & Bank Nifty Today

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  1. ; Daily Equity Report 10-04-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- The domestic stock market ended on a weak note on Friday as stocks remained in a corrective mood. The NSE Nifty settled with a loss of 52.70 points or 0.45 per cent at 11,788.85.The index has ended at the vital pattern support that exists in the 11,780-11,820 zone. Developments on the trade war front are likely to infuse some positivity into the early trade.A flat to mildly positive opening is expected on Monday, but the level of 20-DMA, which stands at 11,843, Nifty Future Support- Resistance 11900/11950 R1/R2 11800/11730 S1/S2 Daily Chart:

  2. ; Daily Newsletter Page 1 Bank Nifty Outlook:- Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 30600 levels, whereas minor resistance on the upside is capped around 31500- 31800 levels. If NIFTY BANK index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 30150 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 32200 Bank Nifty Future Support- Resistance 31400/31650 R1/R2 31250/31150 S1/S2 Daily Chart: Top Gainers/Losers 382.20 152.20 248.20 Top Losers 161.05 Top Gainers 168.75 DRREDDY ZEEL BAJAJ-AUTO ONGC BPCL IOC COALINDIA -3.99 -2.61 -2.37 -2.21 TATAMOTORS 3.81 3.36 3.07 2.79 2636.10 349.05 2906.00

  3. ; Daily Newsletter Page 2 Stocks Corner: Growth in India’s manufacturing sector slowed last month as the expansion in new orders and output eased despite factories cutting prices again, according to a private survey which also showed a decrease in the rate of hiring. Lenders of troubled NBFC DHFL are scheduled to meet on Monday, seeking a solution for the Rs 90,000 crore debt that is owed to them.The consortium of 30 lenders led by state- run Union Bank of India, which includes banks and other financial institutions, may also consider conversion of debt into equity that can make them the largest shareholder in the mortgage lender. 1. As Jet Airways undergoes bankrupcty resolution, the Tata Group is looking to bid for the airline's aircraft and bilateral rights to scale up and tap the gap created by the exit of the Naresh-Goyal led airline. Shares of Reliance Infrastructure (RInfa) slipped 10 per cent to Rs 50 in early morning trade on the BSE on Monday after rating agency Brickwork downgraded the company’s bank loan facilities of Rs 1,151 crore to 'BWR D' from 'BWR C'. “The revision in the rating assigned to the bank loan facilities of Rs 1,151 crore of RInfra is primarily due to the deterioration in the credit risk profile and weakening of the financial/debt servicing profile of the company owing to substantial losses reported by the company during FY19. Though there were mixed signals on growth in the March quarter, fierce competition from online players and margin pressures, retail majors are expanding aggressively in FY20. Same-store sales growth for most retailers in the March quarter were soft, with growth aided by new store additions. 2. 3. 4. 5. Stocks in ban period DHFL

  4. Daily Newsletter ; Page 3 Technical outlook of top 2 stocks DIVISLAB Stock had given breakout of its resistance and able to sustain above it which can be seen in above charts further strong is expected. INTRADAY 1630 1645 1655 1615 1600 1580 1570 Sideways to Positive R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 316636 1622.00 1598.00 LEVEL S1 S2 S3 All over trends

  5. Daily Newsletter Page 4 ; MCDOWELL-N Stock had given breakouts of its resistance and sustain near around it buying may continue in stock. INTRADAY R1 R2 R3 596 603 610 590 582 573 565 Bullish Stock Info VOLUME DAY HIGH DAY LOW 320992 592.80 585.00 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. You understand and agree that no joint venture, partnership, employment or agency relationship exists between you and Research House as a result of this agreement or on account of use of our website. Price and availability of products and services offered on the site are subject to change without prior notice. We provide information about the availability of products or services to a certain extent but you should not rely on such information. Star India will not be liable for any lack of availability of products and services you may order through the site. www.starindiaresearch.com

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