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Nifty ended flat after the BJP is likely to fail to reach half-way mark in Karnataka, though it is likely to be emerging as the largest party with 104 seats. Nifty formed a Doji pattern on the daily chart giving early signs of a reversal. The 10785 levels which acted as a resistance previously will now act as the first support level while on higher side 10950 seen as immediate resistance.
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; Daily Equity Report 16-5-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty ended flat after the BJP is likely to fail to reach half-way mark in Karnataka, though it is likely to be emerging as the largest party with 104 seats. Nifty formed a Doji pattern on the daily chart giving early signs of a reversal. The 10785 levels which acted as a resistance previously will now act as the first support level while on higher side 10950 seen as immediate resistance. 10950/11190 R1/R2 10785/10640 S1/S2 Daily Chart: .
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty on the other hand created a Doji pattern which is again indicating uncertainty. Going forward, 26250 is the crucial support for the index. 27,000 mark seen important resistance for now, if able to give breakouts and sustain above it than only buying momentum could be seen again. Bank Nifty Future Support- Resistance 27000/27650 R1/R2 26300/25900 S1/S2 Daily Chart: Technical Outlook Top Losers Top Gainers TATASTEEL POWERGRID BAJFINANCE TCS TATAMOTORS SBIN COALINDIA IBULHSGFIN 310.7 246.55 264 1,199.75 627 214 1,900.00 3,487.00
; Daily Newsletter Page 3 Stock Corner: Hindustan Unilever gains in an early trades after the fast moving consumer goods (FMCG) major reported a better than expected sales volume growth of 11% in March quarter (Q4FY18). Analysts expected sales volume growth in the range of 5% to 8%. Karnataka Bank share price fell 4 percent after profit for the March quarter dropped sharply to Rs 11 crore compared to Rs 138.4 crore in corresponding period last fiscal. Punjab National Bank has posted highest ever quarterly loss at Rs 13,417 crore for the January-March period of 2018. Gross non-performing assets jumped to 18.38 percent from 12.11 percent and net NPAs rose to 11.24 percent from 7.55 percent YoY. Pharma major Lupin has posted a loss of Rs 783.5 crore for the quarter ended March 2018, due to one-time loss of Rs 1,464.3 crore on Gavis Group acquisition. The company had reported profit of Rs 380.2 crore for March quarter 2017. Snowman Logistics share price fell more than 5 percent after March quarter profit after tax plunged 47.2 percent to Rs 1.9 crore from Rs 3.6 crore YoY.Revenue from operations, however, increased 16.3 percent to Rs 51.8 crore from Rs 44.6 crore YoY. Stock in ban period 1. 2. 3. 4. 5. DHFL, JETAIRWAYS, JPASSOCIAT, JUSTDIAL, PCJEWELLER, WOCKPHARMA.
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks ARVIND FUT Stock remained significantly lower from the downward sloping trend line and rested near the support level drawn on chart. The stock is expected to give lower breakout.. INTRADAY R1 R2 R3 435 445 455 417.65 413 405 390 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 7826000 436.80 417.65 2000 428.22 LEVEL S1 S2 S3 All over trends Sideways to Negative
Daily Newsletter ; Page 5 EQUITAS FUT Stock could able to sustain on higher and drag lower side and form Bearish candle which can be seen in below charts selling pressure may continue. INTRADAY R1 R2 R3 440 445 450 417.50 410 400 395 Bullish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 7826000 436.80 417.65 3200 168.83 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 6 Event Calendar (14th May to 19th May) 14/05/18 (Mon) 15/05/18 (tues) 16/05/18 (wed) 17/05/18 (thurs) 18/05/18 (Fri) 19/05/18 (sat) Result Result FORTIS, KTKBANK, LUPIN, MRPL, PNB, SUVEN ETC Result AXISBANK, DBCORP, GSFC, HINDALCO, JSWSTEEL, PTCINDIA ETC Result Result BAJAJ-AUTO, INOXWIND, MANAPPURAM ETC Result ATULAUTO, ITI, RUSHIL, SOBHA ETC BOMDYEING, HUL, POLARIS ETC BAJFINANCE, COFFEEDAY, ESCORTS, JKTYRE, SRF, VOLTAS ETC Daily Calls INTRADAY BASIC CALLS DATE 15/05/18 15/05/18 15/05/18 Service Cash Future Option Stock Name MPHASIS PIDILITIND FUT BEML 1100 CE Entry Price 1017 1114 78.25 Exit 1045 1120.50 89.90 Profit/loss 8179 9500 4995 HNI CALLS DATE 15/05/18 15/05/18 15/05/18 Service Cash Future Option Stock Name BIOCON APOLLOTYRE FUT ESCORTS 960 CE Entry Price 640 287 31 Exit 651 289.60 33 Profit/loss 7813 39000 10175
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