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Outlook of Nifty & Bank Nifty Today- StarIndia market Research

The holidaycurtailed week gone by was dull yet eventful with the Nifty marking an all-time high of 11,856 amidst the on-going Lok Sabha elections and macro uncertainty.

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Outlook of Nifty & Bank Nifty Today- StarIndia market Research

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  1. ; Daily Equity Report 23-04-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance The holidaycurtailed week gone by was dull yet eventful with the Nifty marking an all-time high of 11,856 amidst the on-going Lok Sabha elections and macro uncertainty. Nifty closed the week at 11,752. Expect rangebound trade on the Nifty as we head into the expiry week. Levels wise, 11,820-11,890 target zones and 11,600-11,720 support zones. Nifty’s 200 DMA is at 10,980. 11720/11750 R1/R2 11600/11550 S1/S2 Daily Chart:

  2. ; Daily Newsletter Page 1 Page 2 Bank Nifty Outlook:-The Nifty PSU Bank index was trading 1% high on Tuesday amid NiftyBank slipped 307 points, or 1.01 per cent, to close at 30,223.40 on Thursday after rising above its previous all-time high of 30,648. It is witnessing selling pressure above 30,600 - a level which the index has scaled thrice in the current month. The Bearish Engulfing Candlestick pattern suggests any breach of 30,150 levels may further trigger a fall to its support of 30,000 levels. Bank Nifty Future Support- Resistance 30000/30150 R1/R2 29500/29200 S1/S2 Daily Chart: Top Gainers/Losers Top Losers 344.15 760.20 Top Gainers 352.00 WIPRO TATAMOTORS TECHM BPCL -5.17 -5.04 -3.91 -3.66 BHARTARTL 1.46 1.21 0.57 0.52 IBULHSGFIN IOC YESBANK 288.25 237.60 804.50 150 246.45

  3. ; Daily Newsletter Page 3 Stocks Corner: Daily Newsletter Shares of Anil Dhirubhai Ambani Group (ADAG) companies are under pressure, trading lower for the third straight day on the BSE after CARE Ratings and Brickwork Ratings revised the long-term rating for various existing debt instruments of Reliance Capital (RCap). DCB Bank shares hit a 52-week high of Rs 211, up 4 per cent, on the BSE, in an otherwise weak market on Monday, after the private sector lender reported healthy earnings for the last quarter of fiscal 2018-19 (Q4FY19). Ramco Systems announced the winning of a payroll modernization mandate from one of 1. Australia & New Zealand’s leading telecom providers. Ramco will help the telecom major digitize its payroll operations and also comply to the region’s payroll statutory and new tax office direct filing requirements for its 5000+ employees spread across ANZ, it said in a realese. The shares of Jet Airways (India) continued to be under pressure on Monday, slipping 23 per cent to Rs 127. The stock has plunged 52 per cent over the past three trading sessions on the National Stock Exchange (NSE). The stock's free fall began after the company announced temporary suspension of flight operations as lenders turned down the airline’s request for emergency funding. Infosys’ shares are likely to get support from the ongoing buyback process after the announcement of its fourth quarter results on April 12 as the company has bought back only around one tenth of the shares out of its planned repurchase programme till March 31. 2. 3. 4. 5. Stocks in ban period IDEA, IDBI, RELCAPITAL, PCJEWELLER,

  4. ; Daily Newsletter Page 4 Technical outlook of top 2 stocks TITAN 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 1145 1160 1180 1690 1120 1110 1100 Sideways to Positive R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 821416 1132 1119.10 1120 LEVEL S1 S2 S3 All over trends

  5. Daily Newsletter ; Page 5 RBLBANK Stock had given breakouts of its resistance and sustain near around it buying may continue in stock. INTRADAY R1 R2 R3 675 685 690 676 670 665 660 Bullish Stock Info VOLUME DAY HIGH DAY LOW 546519 680 663.15 LEVEL S1 S2 S3 All over trends

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