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Benchmark indices ended slightly lower, with index heavyweights such as Infosys and Tata Steel losing ground, while a looming deadline for imposition of US tariffs on China also played on investors’ minds. The day, however, belonged to cement stocks with all the frontline scrips surging nearly ~3-4%.
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; Daily Equity Report 06-7-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Benchmark indices ended slightly lower, with index heavyweights such as Infosys and Tata Steel losing ground, while a looming deadline for imposition of US tariffs on China also played on investors’ minds. The day, however, belonged to cement stocks with all the frontline scrips surging nearly ~3-4%. 10820/10880 R1/R2 10650/10550 S1/S2 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty relatively outperformed gains for the third consecutive day, ending the weekly expiry with a rise more than 60 points at 26484, led by strong gains in YES Bank and HDFC Bank. Bank Nifty managed to closed above 20 DMA on daily charts which indicates buying in stock. 26600/26830 R1/R2 26400/26060 S1/S2 Daily Chart: Technical Outlook Top Losers TITAN INFY VEDL RELIANCE Top Gainers YESBANK ULTRACEMCO ITC ASIANPAINT 836 348.6 3,936.85 272.75 1,324.00 1,286.50 219.2 964.65
; Daily Newsletter Page 3 Stock Corner: Reliance Industries Limited announced on Thursday the launch of high-speed Jio GigaFiber broadband, which aims to boost fixed-line connectivity in India, and an upgraded version of its Jio Phone with popular social media apps such as Facebook. Fortis Healthcare will evaluate the binding bids it received with advisors. Dena Bank proposed to sell 60.5 lakh shares in NSDL E-Governance Infrastructure, NSDL and SIDBI shares.. Tata Coffee receives shareholder nod to reappoint Sanjiv Sarin as MD and CEO and Chacko Purackal Thomas as Deputy CEO. 1. Dena Bank proposed to sell 60.5 lakh shares in NSDL E-Governance Infrastructure, NSDL and SIDBI shares. United Bank of India hiked MCLR by 10 basis points across all tenors from July 5. GVK Group may sell its nearly 50% stake in TAJGVK Hotels and Resorts—a joint venture with Tata Group’s Indian Hotels Company—to Fairfax Holdings. 2. 3. 4. 5. 6. 7. Stock in ban period NIL.
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks SHREECEM FUT Cement stock were in demand in today’s trading session, as well closed near around its trendline resistance, breakouts can be seen. INTRADAY 16700 17090 17350 16535 15900 15460 15000 Sideways to Positive R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 25750 16498 15900 50 16238.51 LEVEL S1 S2 S3 All over trend
Daily Newsletter ; Page 5 ASIANPANT FUT Stock heading towards it’s all time high, if able to give breakouts and sustain above it than fresh buying activity may seen. INTRADAY 1350 1370 1400 1333.50 1295 1280 1260 Bullish R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 3091200 1330.20 1283.35 600 1314.03 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 05/07/18 05/07/18 05/07/18 Service Cash Future Option Stock Name 8KMILES ULTRACEMCO FUT STAR 400 CE Entry Price 366 3825 31.20 Exit 375 3860 33 Profit/loss 7317 7000 1440 HNI CALLS DATE 05/07/18 05/07/18 05/07/18 Service Cash Future Option Stock Name PCJEWELLER TORNTPHARM FUT ULTRACEMCO 3800 CE Entry Price 130.50 1450 138.10 Exit 126.65 1455 180.60 Profit/loss 29502 12500 62400 Report by Senior Researcher : Miss Namrata Otwani
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