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Nifty settled at their record closing highs on Tuesday taking positive cues from global markets after the United States and Mexico agreed to overhaul the North American Free Trade Agreement. Among individual stocks, market heavyweight Reliance Industries (RIL) settled a new all-time high of Rs 1,323, up 2.4 per cent.
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; Daily Equity Report 29-8-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty settled at their record closing highs on Tuesday taking positive cues from global markets after the United States and Mexico agreed to overhaul the North American Free Trade Agreement.Among individual stocks, market heavyweight Reliance Industries (RIL) settled a new all-time high of Rs 1,323, up 2.4 per cent. R1/R2 11800/11900 S1/S2 11700/11600 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty continued their bullish momentum as touching a fresh record. PSU Bank were the major loser of day as Index tanks nearly 2 percent led by union bank, Bank Baroda which tanks more 4 percent in today’s trading session. R1/R2 28450/28550 S1/S2 28150/27800 Daily Chart: Technical Outlook Top Losers GAIL YESBANK HINDPETRO CIPLA Top Gainers HINDALCO RELIANCE ADANIPORTS VEDL 364.85 370.6 257.1 648 239.85 1,322.50 387.5 230.35
; Daily Newsletter Page 3 Stock Corner: Jet Airways’ board considered various cost cutting measures, debt reduction and funding options, including infusion of capital, monetisation of assets including the company’s stake in its loyalty programme. JBF Industries and KKR Jupiter Advisors (KKR) inked a binding understanding, wherein KKR has agreed to buy out a 100% stake in company's subsidiary JBF Petrochemicals. Oriental Bank of Commerce is considering to raise Rs1,000cr via qualified institutional placement on Aug 30. SAIL to set up auto grade steel plant in joint venture with ArcelorMittal with an 1. 2. investment of ~Rs5,000cr. It is considering locations in three states of Gujarat, Andhra Pradesh and Maharashtra to set up the plant. Fortis Healthcare extends a date for the acquisition of the entire portfolio of RHT Health Trust's assets from Sept 30 to Dec 31. Bharat Heavy Electricals to pass a special resolution for a share buyback. The annual general meeting is scheduled to be held on Sept. 19. Tata Motors’ Jaguar Land Rover to start production of the electric version of a classic Jaguar E-Type at its factory in UK, and will launch it by 2020. PTC India has started the flow of 126 megawatt inter-state power commissioned capacity to different beneficiary states under the government scheme. 3. 4. 5. 6. 7. 8. Stock in ban period DHFL, IDBI, JISLJALEQS, PNB.
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks GODREJCP FUT Stock surged near to life time high level sustaining higher to 20 DMA. The stock may give breakout ahead and trade higher. . INTRADAY 1460 1480 1500 1451 1395 1375 1350 Bullish R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 1968800 1445.85 1404.65 800 1436.47 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 5 VEDL FUT Stock has retrieved from support level and sustained near its key resistance on daily charts. The stock is expected to give breakout ahead. Technically it is also traded above 8 EMA which support bullish view. INTRADAY R1 R2 R3 245.50 260 270 234.50 220 210 200 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 42089250 232.40 225.70 1750 229.45 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
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