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Benchmark indices ended at all-time closing high on Monday, the ninth time this month, following positive global cues. The August series futures and options expiry on Thursday may lead to some volatility in the market.
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; Daily Equity Report 28-8-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Benchmark indices ended at all-time closing high on Monday, the ninth time this month, following positive global cues. The August series futures and options expiry on Thursday may lead to some volatility in the market. R1/R2 11760/11815 S1/S2 11600/11500 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bulls had it their way throughout the session, gaining with every passing hour. Benchmarks ended the day at record high levels.Banks led the gainers’ chart as intense buying was visible across the financials space. The Bank Nifty and Nifty PSU bank index were one of the top gainers. R1/R2 28400/28600 S1/S2 28000/27800 Daily Chart: Technical Outlook Top Losers Top Gainers HINDALCO BHARTIARTL POWERGRID TECHM SUNPHARMA BAJAJFINSV DRREDDY - 621.5 7,030.45 2,445.00 - 230.2 381.9 197.35 741.65
; Daily Newsletter Page 3 Stock Corner: The Allahabad High Court has refused to grant interim relief to power sector defaulters that had appealed for a stay on being dragged to the National Company Law Tribunal. The order means financial institutions can initiate proceedings against defaulting companies in the NCLT under the Insolvency and Bankruptcy Code (IBC). Power sector companies together owe banks roughly Rs 1 lakh crore. Britannia Industries’ board of directors have granted an approval for stock split in the ratio of 1:2. Hexaware Technologies’ promoters look to raise Rs1,120cr via 2.5-cr shares sale at a 1. floor price of Rs 447.5 apiece. Aban Offshore’s board of director seeks an approval of shareholders to raise $400mn from foreign markets via debt or equity and to raise Rs2,500cr via qualified institutional placement. The shares of Tata Motors and Tata Consultancy Services – both flagship companies of the Tata Group – have moved in opposite direction in the last one year. While TCS rallied 69 percent from its 52-week low, Tata Motors has fallen 45 percent from its 52-week high. Private life insurance company, DHFL Pramerica Life Insurance has appointed Kalpana Sampat as its Senior Executive Vice President & Chief Operating Officer (COO). Sampat has over 34 years of experience in the financial services sector in India, having served most recently as the CEO for Swiss Re India. 2. 3. 4. 5. 6. Stock in ban period HEXAWARE, JETAIRWAYS, JISLJALEQS.
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks MINDTREE FUT Stock gains after two days of fall and ends around its trend line resistance which can be seen in below charts breakouts could be seen in coming session. INTRADAY 1060 1080 1105 1053.10 1010 985 950 Bullish R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 5340000 1053.10 1018.05 1200 1040.49 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 5 HINDALCO FUT Stock formed bullish candle formation on daily chart and closed near to the resistance level so shown. The stock may give breakout ahead. INTRADAY R1 R2 R3 235 245 250 231.50 225 215 210 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 34328000 231.25 225.10 3500 228.65 LEVEL S1 S2 S3 All over trends Sideways to Positive
Daily Newsletter ; Page 6 Event Calendar (27th Aug to 01st Sept) 27/08/18 (Mon) 28/08/18 (Tues) 29/08/18 (Wed) 30/08/18 (Thurs) 31/08/18 (Fri) 01/09/18 (sat) Result - Result UNNITECH, PTC - GDP Quarterly (YoY) (Q1) @ 5:30 PM - JETAIRWAYS Daily Calls INTRADAY BASIC CALLS DATE 27/08/18 27/08/18 27/08/18 HNI CALLS Service Future Future Option Stock Name VGAURD FUT TORNTPOWER FUT GRASIM 1080 CE Entry Price 215.35 259 20 Exit 216.35 260.30 22 Profit/loss 3000 3900 1500 DATE 27/08/18 27/08/18 27/08/18 Service Future Option Option Stock Name JUBLFOOD FUT ASHOKLEY 130 CE MINDTREE 1020 CE Entry Price 1540 2.65 22.75 Exit 1554 3.65 28.60 Profit/loss 42000 20000 10020 Report by Senior Researcher : Miss Namrata Otwani
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