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Markets traded with a positive bias throughout the day and gained traction despite concerns in the global markets, including - trade war worries and oil prices. Today government hiked the minimum support price on kharif crops. Nifty closed on strong note buying activity is expected in coming session while trades will remain cautious ahead of F&O expiry which is due tomorrow.
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; Daily Equity Report 05-7-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Markets traded with a positive bias throughout the day and gained traction despite concerns in the global markets, including - trade war worries and oil prices. Today government hiked the minimum support price on kharif crops. Nifty closed on strong note buying activity is expected in coming session while trades will remain cautious ahead of F&O expiry which is due tomorrow. R1/R2 10820/10880 S1/S2 10670/10555 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty settled higher for the second day in a row, strong resistance seen in daily charts that is of 26480 if able to give breakouts and closed above it indicates buying action or bullish momentum in coming days. R1/R2 26480/26600 S1/S2 26060/25900 Daily Chart: Technical Outlook Top Losers Top Gainers BAJAJ-AUTO LUPIN MARUTI BAJAJFINSV HINDPETRO GRASIM CIPLA NTPC 252.15 966 627.75 152.55 2,988.80 938 9,224.95 6,035.00
; Daily Newsletter Page 3 Stock Corner: Shares of Maruti Suzuki India and Bajaj Auto were quoting higher for the third straight trading day after these companies delivered a healthy volume performance in June’18 on lower year on year (YoY) base led by pre Goods and Services Tax (GST)-led disruptions. Shriram Transport Finance has tanked 18% on concerns of a possible default in payment of interest on its non-convertible debentures (NCDs). The management, however, has clarified regarding the issue. Shares of Kwality hit an over four-year low, locking in the lower circuit of 5%, after the company said its board has deferred the proposed share buyback and bonus issue. 1. 2. Shares of Gas Authority of India or GAIL have recovered 12 per cent in the past few weeks, after falling almost 20 per cent from December highs, as concerns over its profitability are easing. Moreover, with its other business segments doing well and valuations now favourable, analysts see more gains for the stock. MEP Infrastructure Developers gains in an early trades after signing a concession agreement for four projects with the National Highways Authority of India (NHAI). 3. 4. 5. Stock in ban period NIL.
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks GRANULES FUT Granules India gains as well as given breakouts of its immediate trend line resistance and closed above it which further indicates buying in stock. INTRADAY 88.90 92.70 95 85.65 80 76 R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW 9125000 85.55 80.40 LEVEL S1 S2 MARKET LOT SIZE 5000 S3 71 VWAP 83.37 All over trend Sideways to Positive
Daily Newsletter ; Page 5 RBLBANK FUT Stock gains and closed around its resistance while closing above trend line indicates buying in stock. INTRADAY 2995 3050 3100 2952 2880 2805 2670 Sideways to Positive R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 2094750 2936 2805.20 250 2889.61 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 6 Event Calendar (02nd June to 07th June) 02/07/18 (Mon) 03/07/18 (tues) 04/07/18 (wed) 05/07/18 (thurs) 06/07/18 (Fri) 07/07/18 (sat) - - - - - - Daily Calls INTRADAY BASIC CALLS DATE 04/07/18 04/07/18 04/07/18 Service Cash Future Option Stock Name HEG NIITTECH FUT STAR 400 CE Entry Price 3660 1124.50 23 Exit 3750 1128.50 27.40 Profit/loss 7317 3000 4960 HNI CALLS DATE 04/07/18 04/07/18 04/07/18 Service Cash Future Option Stock Name FINEORG HINDALCO FUT SRTARNSFIN 1150 PE Entry Price 840 223.50 100.50 Exit 855 222 111.20 Profit/loss 12500 26250 47100 Report by Senior Researcher : Miss Namrata Otwani
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