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; Daily Equity Report 07-02-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty50 marginally to 10,962 before breaking above 11,000 levels. It touched an intraday high of 11,072 before closing the day at 11,062, up 128 points from its previous close of 10,934.35. opened at 10,965 slipped 10990/11090 R1/R2 10690/10590 S1/S2 Daily Chart:
; Daily Newsletter Page 1 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty ends on on positive note as formed bullish pattern which indicates buying in Index while it is suggested to buy next month expiry for big bullish moment in Index. while Bank Nifty surged led by a surge in PSU banking stocks. The Nifty PSU Banking index was the top performer, up 1.32%. 27750/28050 R1/R2 26790/26490 S1/S2 Daily Chart: Technical Outlook Top Losers Top Gainers TECHM CIPLA ZEEL BAJAJFINANCE INDUSLANDBK ADANIPORTS DRREDDY TITAN 1522.75 329.15 2792 1059 812 545.10 388.95 2718
; Daily Newsletter Page 2 Stock Corner: Indian Oil Corporation has reported a fall of 78 percent in its net profit for the December quarter to Rs 716 crore against Rs 3,247 crore that the company reported last quarter. Its revenues grew 6 percent to Rs 1.6 lakh crore against Rs 1.5 lakh crore last quarter. The earnings before interest, depreciation, and amortization fell 47 percent to Rs 3,609.5 crore against Rs 6,761.8 crore in the previous quarter. The operating margin fell to 2.3 percent from 4.5 percent in September quarter. Dewan Housing Finance Corporation (DHFL) hit a 35-month low of Rs 154 apiece, down 10 per cent during the trade after media outlet Cobrapost on Tuesday alleged the company had diverted loans worth Rs 31,000 crore — a charge the company termed “mischievous”. Two-wheeler major Bajaj Auto has registered 15.7 percent growth in its Q3 net profit at Rs 1101.9 crore against profit of Rs 952.44 crore in the same quarter last fiscal. Revenue of the company stood at Rs 7409.4 crore and other income was Rs 470 crore against Rs 208.6 crore, YoY. Operating profit or EBITDA at Rs 1156 crore, while margin slipped 400 bps at 15.6 percent versus 19.6 percent.Company recorded sales of over 91,000 units for Q3FY19 and continues to maintain its dominance with market share of 55.2%. RPP Infra’s shares rose over 3 percent on Wednesday morning as investors cheered an order win for the company. It has touched an intraday high of Rs 121.00 and an intraday low of Rs 118.40. The company won three new orders worth Rs 252.9 crore . Shares of Coal India were trading 1% higher on Wednesday after the company announced that its board would consider a buyback proposal on February 4, 2019. Accordingly, the company’s board will approve buyback of the fully paid-up equity shares of the company having a face value of Rs 10 each, the company said in a press note to the exchanges. Shares of Bajaj Finance were trading 3% higher on Wednesday as the company’s net profit for Q3FY19 beat the consensus estimates by 6%. The company reported its net profit at Rs1,060cr against Rs690cr, up 53.6% yoy. Bajaj Finance Ltd's Q3FY19 consolidated NII came in at Rs3,094cr, an improvement of 46% yoy. Its GNPA increased 6bps qoq to 1.55% and NNPA increased 9bps qoq to 0.62%, respectively. Stock in ban period RELINFRA, JETAIRWAYS, IDBI, DHFL, RELCAPITAL.
Daily Newsletter ; Page 3 Technical outlook of top 2 stocks TECHM FUT Stock moved higher with sustainable buying volume on daily chart and above resistance level. The stock may give further higher moment INTRADAY R1 R2 R3 745 760 780 817 695 680 660 Bullish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 25040400 817.85 769 1200 797.79 LEVEL S1 S2 S3 All over trends
Daily Newsletter Page 4 ; CIPLA FUT Saw pull back from its trend line support and closed around its resistance, buying seen from current level. INTRADAY R1 R2 R3 522 555 580 468 491 455 400 Bullish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 18950500 540 504 1000 461.27 LEVEL S1 S2 S3 All over trends
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