Daily Equity Market Report

1. ; Daily Equity Report 05-04-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Indian Equity markets closed lower for the second day in a row. RBI announced a repo rate cut by 25bps on the expected lines, bringing the rates back at 6% after a period of 1 year. Nifty & Bank Nifty index closed ~0.4% & 0.8% lower respectively as across the board profit booking was seen in major heavyweights. Nifty and Bank Nifty futures added fresh open interest, indicating the marginal build-up of short positions. R1/R2 11726/11850 S1/S2 11560/11450 Daily Chart:

2. ; Daily Newsletter Page 1 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty closed -0.63% lower at 29904.90, Bank Nifty April Future added fresh open interest, indicating a build-up of short positions. On the options front (APRIL expiry), across the board put long was seen in major out of the money strikes, while short build up was seen in major call option strikes of Nifty & Bank Nifty. R1/R2 30450/30650 S1/S2 29677/29319 Daily Chart: Technical Outlook Top Losers Top Gainers IBULHSGFIN ZEEL ULTRACEMCO TATAMOTORS TCS 2017.00 1090.35 353.90 210.50 898.50 417.80 4100.00 206.30 HCLTECH BPCL HINDALCO

3. ; Daily Newsletter Page 2 Stock Corner: 1. Shares of SRF gained 4% on Thursday after the company in its filing to the exchanges informed about the resumption of operations at Chemicals Complex, Dahej, Gujarat. Shares of GRUH Finance gained 2% in intraday trade on Thursday after the company received approval for the scheme of amalgamation of it with Bandhan Bank. Shares of Tata Motors were trading 2% higher on Thursday after media reports suggested that Jaguar Land Rover US sales showed sequential improvement in March. Nifty IT index declined 2% on Thursday despite the Indian rupee depreciated to trade above the key level of 69 against the dollar. Shares of TCS, HCL Tech, Wipro, Infibeam, Tata Elxsi, and NIIT Techwere leading the index’s fall. 2. 3. 4. 5. Shares of Indiabulls Housing Finance gained % on Thursday on plans to borrow Rs26,000cr in FY19 after raising Rs17,300cr in Q4FY19 to meet profit target. Reacting to this, shares of the company gained 2% on Thursday. Stock in ban period ADANIPOWER, IDBI, JETAIRWAYS, RPOWER.

4. Daily Newsletter Page 3 ; Page 3 Technical outlook of top 2 stocks STAR FUTURE STAR gained and closed near days high, is looking strong on charts , we may continue to more upside in coming trading sessions. INTRADAY R1 R2 R3 515 525 540 485 460 440 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 2063348 504.00 471.20 1100 492.30 LEVEL S1 S2 S3 All over trends Sideways to Positive

5. ; RELCAPITAL FUTURE Stock has been trading below the support and selling on rise strategy would be best in coming trading session with targets of 178 and 172 stoploss 195 INTRADAY R1 R2 R3 189 195 199 178 172 165 Bearish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 9049570 197.80 185.35 1500 191.93 LEVEL S1 S2 S3 All over trends

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