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Nifty opened the day lower and continued to face selling pressure throughout the session. Trade war concerns between US and China resurfaced after reports said President Donald Trump's administration is considering raising the proposed tariff on $200bn worth of Chinese imports to 25% from the 10% announced last month.
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; Daily Equity Report 03-8-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty opened the day lower and continued to face selling pressure throughout the session. Trade war concerns between US and China resurfaced after reports said President administration is considering raising the proposed tariff on $200bn worth of Chinese imports to 25% from the 10% announced last month. R1/R2 11350/11400 Donald Trump's S1/S2 11225/1115 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty ended the day on a weak note on weakly expiry following weak global cues as well as profit booking in the market. Bank nifty covered gap which we saw on 27 July and closed around it, selling pressure may continue if able to sustain below 27400 mark. R1/R2 27550/27880 S1/S2 27200/26900 Daily Chart: Technical Outlook Top Losers Top Gainers LUPIN DRREDDY POWERGRID HINDPETRO KOTAKBANK BHARTIARTL GRASIM MARUTI 1,278.50 372.45 1,005.60 9,129.40 866.5 2,227.00 188.35 292.45
; Daily Newsletter Page 3 Stock Corner: Share price of Mumbai-based real estate developer Godrej Properties fell more than 4 percent after starting off the financial year 2018-19 on a weak note Consolidated net profit in Q1 fell 65.4 percent year-on-year to Rs 34.3 crore, dented by weak operational earnings and higher finance cost. Majesco Q1 reported consolidated net profit rose 47.5 percent at Rs 14.9 crore against Rs 10.1 crore Q4FY18. Revenue was up 6.1 percent at Rs 229.4 crore against Rs 216.7 crore. Operating profit or EBITDA was up 17 percent at Rs 18 crore and margin was at 7.85 percent. 1. Marico has reported net profit growth of 10.35 percent year-on-year (YoY) at Rs 260.1 crore for the first quarter ended June, backed by the statistical effect of a low base. The profit in the corresponding period of last fiscal was at Rs 235.9 crore, down 12 percent YoY due to disruption in trade channels ahead of the implementation of the goods and services tax. Torrent Power posted about 12 percent jump in its consolidated net profit at Rs 227.32 crore in the quarter ended June mainly on the back of higher revenues. The company's net profit stood at Rs 203.24 crore in the quarter ended on June 30, 2017 2. 3. 4. Stock in ban period ADANIPOWER
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks CHENNPETRO FUT Stock had given breakouts of its double bottom pattern and sustain above buying may continue in stock. INTRADAY R1 R2 R3 326 333 340 321.35 314 300 280 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 2599500 320.50 314.30 1500 317.43 LEVEL S1 S2 S3 All over trends Sideways to positive
Daily Newsletter ; Page 5 DCBBANK FUT Stock closed near around its immediate support which can be seen in below charts breakouts are expected.. INTRADAY R1 R2 R3 165 170 175 162 159 155 150 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 3208500 165.60 162.20 4500 163.49 LEVEL S1 S2 S3 All over trends Sideways to Negative
Daily Newsletter ; Page 6 Event Calendar (30th July to 09th August) 30/07/18 (Mon) 31/07/18 (Tues) 01/08/18 (Wed) 02/08/18 (Thurs) 03/08/18 (Fri) 09/06/18 (sat) Result ABAN, AXISBANK, CHENNPETRO, ESCORTS, HDFC, IDFC, - Result AJANTPHARM, GSFC, JKPAPER, RAYMOND, TATAMOTORS, TECHM, UPL, VEDL Result APOLLOTYRE, EXIDEIND, JINDALSAW, PIDILITIND, TORRNTPOWER Result MAJJESCO, MARICO, MOIL, ONGC Result CGPOWER, DEN, RCF, SAIL, TITAN Daily Calls INTRADAY BASIC CALLS DATE 02/08/18 02/08/18 02/08/18 HNI CALLS Service Cash Cash Option Stock Name VENKEYS JUBILANT AUROPHARMA 610 CE Entry Price 2580 745 28 Exit 2640 757 31.50 Profit/loss 6923 4787 5000 DATE 02/08/18 02/08/18 02/08/18 Service Cash Future Option Stock Name PEL TITAN FUT EQUITAS 145 CE Entry Price 2865 930 6.15 Exit 2950 939 6.90 Profit/loss 29668 33750 15000 Report by Senior Researcher : Miss Namrata Otwani
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