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Nifty witnessed a volatile trading session before short covering in the second half of the session and the gains in global stocks on easing of political concerns in Italy also lifted market sentiment. Investors awaited March quarter GDP growth numbers due later in the day helped Nifty ends 132.90 points higher. Indications are positive and we believe Nifty will test 10,800 shortly.
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; Daily Equity Report 01-6-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty witnessed a volatile trading session before short covering in the second half of the session and the gains in global stocks on easing of political concerns in Italy also lifted market sentiment. Investors awaited March quarter GDP growth numbers due later in the day helped Nifty ends 132.90 points higher. Indications are positive and we believe Nifty will test 10,800 shortly. R1/R2 10820/10950 S1/S2 10600/10500 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bulls were back with vengeance on Thursday, the expiry day of May futures & options contracts as the late rally helped Bank Nifty gained more than 2 percent, driven by HDFC Bank, Indusind Bank and IDFC Bank etc. Bank Nifty closed with big bullish candle as well as near around its immediate resistance, buying may seen. R1/R2 27100/27660 S1/S2 26330/25920 Daily Chart: Technical Outlook Top Losers Top Gainers ADANIPORTS HDFCBANK INDUSINDBK TECHM SUNPHARMA TATAMOTORS DRREDDY HEROMOTOCO 482.35 283.15 1,927.85 3,550.00 393.5 2,130.00 1,960.60 709
; Daily Newsletter Page 3 Stock Corner: Tata Motors Limited (TML) signed a Memorandum of Understanding (MoU) with the State Government of Maharashtra for deployment of 1,000 Electric Vehicles (EV) across its range of passenger and commercial vehicles in the State. HDFC Bank gained almost four percent during the morning trade as investors made big bets ahead of the FII buying window being opened on June 1.The SEBI decided to open the window for institutional trading series (6 lakh series) just for a day on June 1, 2018. In fact, the regulator has decided to scrap the mechanism from July 1 onwards. This has led to an increase in demand for the stock. 1. 2. Tata Consultancy Services share price fell nearly 2 percent after the stock adjusted for bonus share issue. The board of directors of the company, on April 19, had recommended bonus issue of equity shares in the ratio of one equity share of Re 1 each for every one equity share of Re 1 each held by the shareholders of the company as on the record date. TCS has fixed record date as June 2 for determining the entitlement of members to receive bonus shares. Bank of Baroda looks to sell NPAs worth Rs2,954.28cr and has invited expression of interest by June 15. Manpasand Beverages hit 20% lower circuit limit for the second straight day on account of the resignation of its auditing firm with effect from May 26, 2018. Vedanta ordered by Tamil Nadu government to seal and permanently close the copper smelter plant at Tuticorin. Dalmia Bharat Sugar to sell its wholly-owned subsidiaries' Dalmia Solar Power and Dalmia Sugar Ventures to the promoters. 3. 4. 5. 6. 7. Stock in ban period NIL
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks TECHM FUT Trend gains for the third consecutive day and ends near around its resistance if able to give breakouts than it may hits fresh 52-weeks high. INTRADAY R1 R2 R3 730 745 760 719 660 640 600 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 9674400 716.85 679.85 1200 693.78 LEVEL S1 S2 S3 All over trends BULLISH
Daily Newsletter ; Page 5 NIITECH FUT Stock heading towards its trend line resistance, breakouts are expected in coming session as well as IT sector is looking strong for coming session. INTRADAY 1138 1169 1188 1126.50 1089.50 1065 1027.70 BULLISH R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 4785750 1125 1089.50 750 1111.82 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 6 Event Calendar (28th May to 02nd June) 28/05/18 (Mon) 29/05/18 (tues) 30/05/18 (wed) 31/05/18 (thurs) 01/06/18 (Fri) 02/06/18 (sat) Result Result BPCL, CCCL, COALINDIA, DISHTV, GATI, IOB ETC Result 8KMILES, ALANKIT, ANANTRAJ, BHARATGAS, BFUTILITIES ETC GDP Quarterly (YoY) (Q4) @ 5:30 PM - - ASTRAMICRO, DBREALTY, COXKINGS, DOLPHINOFF, GSFC, KWALITY ETC Daily Calls INTRADAY BASIC CALLS DATE 31/05/18 31/05/18 31/05/18 Service Future Future Option Stock Name HDFCBANK FUT TECHM FUT PIDILITIND 1180 PE Entry Price 2100 702 13.70 Exit 2116 707 17.20 Profit/loss 8000 9600 5000 HNI CALLS DATE 31/05/18 31/05/18 31/05/18 Service Option Option CASH Stock Name BANKBARODA 140 PE SRTRANSFIN 1500 PE TVTODAY Entry Price 2.75 24 250 Exit 3.75 35.70 262 Profit/loss 20000 10020 9600 Report by Senior Researcher : Miss Namrata Otwani
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