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Nifty witnessed yet another volatile trading session as after opening nearly 70 points gap up Nifty could not able to sustain on higher side selling pressure right through the day with the selling pressure intensifying in the latter half of the session.
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; Daily Equity Report 5-6-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty witnessed yet another volatile trading session as after opening nearly 70 points gap up Nifty could not able to sustain on higher side selling pressure right through the day with the selling pressure intensifying in the latter half of the session. R1/R2 10750/10850 S1/S2 10500/10400 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty tanks for the second consecutive day led by HDFC Bank was among the top losers, slipping over 3 per cent to Rs 2,033 levels in future. Selling pressure may continue as it ends with big bearish candle. R1/R2 27060/27660 S1/S2 25900/25550 Daily Chart: Technical Outlook Top Losers Top Gainers DRREDDY INFY LUPIN HINDALCO IBULHSGFIN HDFCBANK BHARTIARTL ADANIPORTS 1,177.95 2,045.00 373.2 378.5 1,988.00 1,241.00 774.95 241.6
; Daily Newsletter Page 3 Stock Corner: Coal India May production at 47.14 million tonne versus target of 51.16 million tonne. Offtake at 52.86 million tonnes versus target of 58.18 million tonne. HDFC increased its Retail Prime Lending Rate on it Home Loans by 10 basis point with effect from June 2. Mylan and Biocon to present new data at the American Society of Clinical Oncology (ASCO) Annual Meeting reinforcing the Efficacy, Safety and lmmunogenicity of Ogivri, the first biosimilar for Herceptin, approved by USFDA. Kotak Mahindra Bank has hiked MCLR by 10-20 bps across tenors effective June 1, one- 1. 2. year MCLR has been hiked by 20 bps to 8.90%. MPS through its wholly owned subsidiary company, MPS Interactive Systems, has completed the acquisition of Tata Interactive Systems (a business division of Tata Industries). Fortis Healthcare says unit sold off 1.8 crore units of RHT Health Trust for 13.65 million Singapore dollars. PNB revised Marginal Cost of Funds Based Lending Rate (MCLR) with effect from June1, 2018. Mindtree makes strategic commitment to SAP Leonardo with new package of offerings designed to accelerate adoption. 3. 4. 5. 6. 7. 8. Stock in ban period NIL
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks CAPF FUT CAPF is trading near around its important support i.e. of 539.40 if able to give breakouts and sustain below it than sellers will active. . INTRADAY R1 R2 R3 571 582 596 539.40 530 520 500 BEARISH Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 1951200 570.90 541.15 800 553.88 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 5 MCX FUT Stock could not able to sustain on higher side and fell sharply for the second consecutive day, breakouts of consolidation can be seen. INTRADAY R1 R2 R3 875 940 965 807 735 665 635 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 804000 850.05 810.10 500 827.51 LEVEL S1 S2 S3 All over trends Sideways to negative
Daily Newsletter ; Page 6 Event Calendar (04th June to 09th June) 04/06/18 (Mon) 05/06/18 (tues) 06/06/18 (wed) 07/06/18 (thurs) 08/06/18 (Fri) 09/06/18 (sat) - Nikkei Services PMI (May) @ 10:30 am Cash Reserve Ratio, Interest Rate Decision and Reverse REPO Rate @ 2:30 pm - - - Daily Calls INTRADAY BASIC CALLS DATE 04/06/18 04/06/18 04/06/18 Service Cash Future Option Stock Name GLENMARK JINDALSTEL FUT YESBANK 340 CE Entry Price 541 232.50 15.60 Exit 547 233.30 17.60 Profit/loss 3839 1800 4900 HNI CALLS DATE 04/06/18 04/06/18 04/06/18 Service Cash Future Option Stock Name DRREDDY M&M FUT SAIL 72.50 CE Entry Price 1995 916 4.05 Exit 2025 918.8 4.80 Profit/loss 10526 2800 66000 Report by Senior Researcher : Miss Namrata Otwani
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