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After trading near the day’s high points throughout the session, equity benchmarks lost some sheen in the last hour, with the Nifty giving up 11,400. Axis Bank, State Bank of India, and ICICI Bank were the top gainers, while Tata Motors, Kotak Mahindra Bank, GAIL and Dr Reddy’s Labs lost the most.
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; Daily Equity Report 07-8-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance After trading near the day’s high points throughout the session, equity benchmarks lost some sheen in the last hour, with the Nifty giving up 11,400. Axis Bank, State Bank of India, and ICICI Bank were the top gainers, while Tata Motors, Kotak Mahindra Bank, GAIL and Dr Reddy’s Labs lost the most. R1/R2 11450/11500 S1/S2 11300/11200 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty settled at record closing highs on Monday, after rallying for the to a second consecutive session led by rise in financial stocks, especially the public sector banks (PSBs). Banks led the gainers’ chart among all sectoral indices. R1/R2 28020/28120 S1/S2 27820/27400 Daily Chart: Technical Outlook Top Losers GAIL KOTAKBANK TATAMOTORS HINDUNILVR Top Gainers AXISBANK SBIN ICICIBANK BHARTIARTL 376.5 1,284.00 253.5 1,730.00 595.9 308.9 314.5 384.55
; Daily Newsletter Page 3 Stock Corner: Textile and apparel player Arvind Ltd today reported 13.32 per cent increase in consolidated net profit to Rs 64.31 crore for the first quarter ended June 30, 2018-19. The company had posted a net profit of Rs 56.75 crore in the April-June quarter of 2017-18. Its total income during the quarter under review stood at Rs 2,874.59 crore. It was Rs 2,608.28 crore in the year-ago quarter. Marksans Pharma started off the financial year 2018-19 on a healthy note as consolidated net profit during the quarter grew sharply by 72.6 percent to Rs 24.9 crore, backed by operational growth and stable revenue. Revenue from operations in Q1 increased 6.4 1. percent to Rs 235.3 crore YoY on growth across the board. Biscuit manufacturer Britannia Industries has reported June quarter consolidated profit growth of 19.4 percent year-on-year to Rs 258.1 crore with double digit volume growth. Profit in the first quarter of last year was at Rs 216.1 crore. Cost efficiency program and endeavour to leverage fixed costs have helped to improve profitability. Hindustan Unilever (HUL) signed an agreement with Vijaykant Dairy and Food Products Limited (VDFPL) and its group company to acquire its ice cream and frozen desserts business. VDFPL’s ice cream and frozen segment consists of its flagship brand Adityaa Milk including the front end distribution network across geographies. The acquisition amount is not disclosed. On August 03, 2018, Supreme Court of India has passed an order removing all uncertainties, and given a clear direction that RCOM’s asset sales covering spectrum, fiber, telecom towers, MCNs and certain real estate assets, for an aggregate value of ~Rs25,000cr may now proceed, as per the BSE filing. 2. 3. 4. 5. Stock in ban period ADANIPOWER, JETAIRWAYS
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks KSCL FUT Stock closed around its important resistance zone which can be seen in below daily charts if able to give breakouts and sustain above it than big buying movement is expected. INTRADAY R1 R2 R3 650 700 750 619.30 575 530 495 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 2485500 617.50 591.00 1500 606.59 LEVEL S1 S2 S3 All over trends Sideways to positive
Daily Newsletter ; Page 5 JUBLFOOD FUT Stock gains as much as and ends near its all time high if able to sustain above 1500 mark than trend may continue. INTRADAY 1550 1600 1650 1500 1450 1380 1330 Bullish R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 3908000 1499.85 1457.65 500 1481.50 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 6 Event Calendar (06th to 11th August) 06/08/18 (Mon) 07/08/18 (Tues) 08/08/18 (Wed) 09/08/18 (Thurs) 10/08/18 (Fri) 11/08/18 (sat) Result Result Result 8KMILES, BEML, BPCL, CIPLA, HINDPETRO, INDIANB, LUPIN, NDTV Result BAJAJELEC, BHARATFORG, GNFC, KSCL, MRF, TATACOMM Result Result ADANIPORTS, DANIPOWER, ARVIND, BRITANNIA, DENABANK, HUL. ADANITRANS, DOLPHINOFF, EDELWEISS, INOXWIND, PNB, PTC, SRF, TVSMOTOR APOLLOHOSP, CGPOWER, GAIL, IGL, JETAIWAYS, NCC AMARAJABAT IOC, MRPL, NBCC Daily Calls INTRADAY BASIC CALLS DATE 06/08/18 06/08/18 06/08/18 HNI CALLS Service Future Future Option Stock Name JINDALSTEL FUT JUBLFOOD FUT UBL 1150 CE Entry Price 207 1473 62.20 Exit 209 1478 67.20 Profit/loss 4500 2500 4970 DATE 06/08/18 06/08/18 06/08/18 Service Option Future Option Stock Name AXISBANK 600 CE JETAIRWAYS FUT SAIL 1200 CE Entry Price 17 310 4.60 Exit 20 314.30 4.90 Profit/loss 18000 25800 18000 Report by Senior Researcher : Miss Namrata Otwani
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