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; Daily Equity Report 12-02-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty extended downtrend for third consecutive session and closed below 10,900 levels, dragged by oil & gas, select banking & financials and auto stocks. Mixed global cues and not so encouraging December quarter earnings along with fear of downgrade dented the market sentiment. Traders also looked cautious ahead of macro data - January CPI inflation and December industrial output scheduled to be announced on evening. 11070/11150 R1/R2 10800/10590 S1/S2 Daily Chart:
; Daily Newsletter Page 1 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty ended in the red for the second session with consecutive witnessed across the board. formed doji candle on daily charts as well as ends around 20 DMA which is very crucial point for Bank Nifty for now, selling pressure may continue. selling pressure R1/R2 27540/27790 S1/S2 26880/26500 Daily Chart: Technical Outlook Top Losers DRREDDY M&M ONGC HINDALCO Top Gainers IOC TATASTEEL CIPLA TATAMOTORS 2,615.00 650 138.25 199.5 137 479.75 543.2 153
; Daily Newsletter Page 2 Stock Corner: Shares of Apollo Hospitals plunged 10.6 percent as concerns over the rise in Pledged shares. Shares fell over 13 percent in intraday trade, the most since December 2011. Shareholders wealth in terms of market capitalisation fell by Rs 1860 crore on MondayRecent data suggest that pledged shares have gone up by 5 percent recently which were largely due to the unwinding of KKR instrument which was closed out in January. Royal Enfield maker Eicher Motors' third quarter (October-December) consolidated profit grew by 2.4 percent year-on-year to Rs 533 crore with low revenue growth and 1. weak operating income. Profit in same quarter last year stood at Rs 530.9 crore. Revenue from operations in Q3 increased 3.2 percent to Rs 2,341 crore year-on-year, but Royal Enfield sales volume declined 6 percent YoY against 3.6 percent rise in Q2. Low cost airline carrier SpiceJet has posted a steep 77.1 percent year-on-year decline in profit to Rs 55.1 crore, dented by higher aircraft fuel expenses. Its profit in same period last year was at Rs 240 crore. The company said revenue from operations during the quarter grew by 20.2 percent to Rs 2,487 crore year-on-year. State-run Power Finance Corporation's third quarter profit grew by 70.6 percent year-on- year to Rs 2,075.8 crore, driven by one-time gain of Rs 641 crore. Revenue from operations during the quarter increased 18 percent to Rs 7,362 crore compared to Rs 6,246 crore in same period last year. 2. 3. 4. Stock in ban period ADANIENT, DHFL, IDBI, JETAIRWAYS, RELCAPITA, RPOWER.
Daily Newsletter ; Page 3 Technical outlook of top 2 stocks NIITTECH FUT Stock consolidates near its resistance which can be seen in below daily charts, buying can be seen if trades above this level and sustain above it. INTRADAY 1360 1375 1400 1344 1300 1265 1215 Bullish R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 1117500 1337 1305.50 750 1323.01 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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