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; Daily Equity Report 05-02-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty rallied for a 4th consecutive day in a row and is trading well above crucial short and long term moving averages which is a bullish sign. It formed a bullish candle on daily charts and closed above 10,900 for the second day in a row.One interesting thing which was visible on the charts was a buy signal triggered by MACD indicator on the daily charts. MACD stands for Moving Average Convergence / Divergence R1/R2 11025/11150 S1/S2 10800/10675 Daily Chart:
; Daily Newsletter Page 1 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty index managed to hold above 27300 zones for the entire day and formed a small Bullish Candle on a daily scale. As it sustain above 20 DMA buying would be expected in coming session. One can buy on dips. R1/R2 27600/27790 S1/S2 27200/26880 Daily Chart: Technical Outlook Top Losers Top Gainers ZEEL TITAN UPL DRREDDY COALINDIA TATASTEEL TATAMOTORS YESBANK 216.1 464.7 176 175.85 364.65 1,068.50 798.8 2,817.05
; Daily Newsletter Page 2 Stock Corner: Ashok Leyland announced in an exchange filing on Monday evening that it has acquired 100% holdings in Ashley Aviation Limited (AAL). The company has acquired 4,50,005 shares of Rs10 each constituting 11.25% in the paid-up share capital of AAL. Dr. Reddy’s Laboratories stock in focus as Indivior loses bid for rehearing in Suboxone Patent Case. Indivior Plc was rejected by a US appeals court in its effort to prevent Dr. Reddy’s from selling a generic version of Suboxone Film opioid addiction treatment. The Telecom Tribunal cancelled a Rs2,000cr demand on Reliance Communications, upholding the company’s petition against Telecom Department on one-time spectrum 1. 2. charge issue. Coal India approved a buyback of 4.46cr equity shares or 0.72% of outstanding equity shares at Rs235 per share aggregating up to Rs1,050cr. M&M said that the company will offer pro-active inspection of Rear Axles on its Imperio vehicles manufactured between April to June last year. Inspection to be carried out free of cost and the company also stated that this action is in compliance with SIAMs voluntary code on voluntary recall. HEG board has approved the appointment of Gulshan Kumar Sakhuja as Chief Financial Officer of the company while group arm-Bhilwara Energy’s Chief Executive Officer OP Ajmera will also become the group CFO. 3. 4. 5. 6. Stock in ban period DHFL, IDBI, JETAIRWAYS, RELCAPITAL.
Daily Newsletter ; Page 3 Technical outlook of top 2 stocks SRTRANSFIN FUT Stock moved higher with sustainable buying volume on daily chart and above resistance level. The stock may give further higher moment INTRADAY 1135 1215 1300 1076 990 900 850 Bullish R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 1983000 1076 1016.90 600 1059.43 LEVEL S1 S2 S3 All over trends
Daily Newsletter Page 4 ; BATAINDIA FUT Stock is trading near its 52-weeks high and ends around it, buying may continue as volume from last two session were increasing. INTRADAY 1230 1300 1350 1186 1150 1100 1050 Bullish R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 2057000 1186 1161.25 550 1174.55 LEVEL S1 S2 S3 All over trends
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