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Outlook of Nifty & Bank Nifty Today

Benchmark indices closed on positive note with Nifty finished around 11483.25 level, Nifty Bank index outperformed the benchmark index by a whopping 1%, as the sharp rally was witnessed in PSU & Private Bank stocks led by Kotak Bank & SBI gaining ~3% each. ICICI Pru surged ~3% higher along with a sharp rise of ~56% in the open interest, consisting mainly of long positions.

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Outlook of Nifty & Bank Nifty Today

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  1. ; Daily Equity Report Daily Newsletter Page 1 27-03-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Benchmark indices closed on positive note with Nifty finished around 11483.25 level, Nifty Bank index outperformed the benchmark index by a whopping 1%, as the sharp rally was witnessed in PSU & Private Bank stocks led by Kotak Bank & SBI gaining ~3% each. ICICI Pru surged ~3% higher along with a sharp rise of ~56% in the open interest, consisting mainly of long positions. 11573/11751 R1/R2 11412/11300 S1/S2 Daily Chart:

  2. Daily Newsletter Page 2 ; Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty closed 2% higher at 29882.15, Bank Nifty April Future added fresh open interest, indicating a build-up of long positions. On the options front (March 28, 2018 expiry), across the board put writing was seen in major out of the money strikes, while panic short covering was seen in major call option strikes of Nifty & Bank Nifty. 30050/30250 R1/R2 29540/29361 S1/S2 Daily Chart: Technical Outlook Top Losers TECHM IOC UPL INFY Top Gainers NTPC SBIN VEDL RELIANCE 769.65 161.95 902.95 727.80 140.75 304.80 174.25 1369.00

  3. ; Daily Newsletter Page 3 Stock Corner: The Nifty Metal Index gained 1% on Tuesday amid heavy buying in Welspun Corp, Vedanta, Jindal Stainless (Hisar), Coal India, and SAIL. A positive rally in global markets also kept metal stocks up. In Asia, Japan’s Topix Index jumped more than 2.5%, while the US stock index futures nudged higher on Tuesday as investor fears brought on by the inversion of a key part of the yield curve showed signs of 1. ebbing. 2. Shares of Welspun Corp, which gained 6%, were leading the index’s gain. Jindal Stainless (Hisar) and Vedanta also contributed to the gain, rising 3% each. Shares of Coal India, SAIL, Hindalco, and Tata Steel also gained 1% each. On the currency front, the Indian rupee gained 19 paise on Tuesday to trade at day’s high level of 68.76 against the greenback compared to its previous close of 68.96/$. The domestic unit opened 11 paise higher at 68.88/$. 3. 4. Stock in ban period ADANIENT, ADANIPOWER, IDBI, JETAIRWAYS, RPOWER.

  4. Daily Newsletter ; Page 4 Daily Newsletter Technical outlook of top 2 stocks RELCAPITAL Reliance capital 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 205 210 215 200 195 190 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 22284444 205.75 186.15 1500 197.81 LEVEL S1 S2 S3 All over trends Sideways to Positive

  5. ; Daily Newsletter Page 5 UPL FUT Stock has been trading below the support and selling on rise strategy would be best in coming trading session with targets of 890 and stoploss 925 INTRADAY R1 R2 R3 915 925 940 890 875 860 Bearish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 3647229 918.95 893.20 1200 900.17 LEVEL S1 S2 S3 All over trends

  6. Daily Newsletter ; Page 6 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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