Daily Equity Market Report

1. ; Daily Equity Report 4-06-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Short-term outlook for the market remains positive till Nifty trades above 10940 levels and we expect targets in the range of 12,300-12,450 levels in short term. Medium-term outlook for the market remains positive till Nifty trades above 9,951 and the expected target in the range of 12,800-13,200 levels in medium term. 12050/12150 R1/R2 11800/11700 S1/S2 Daily Chart:

2. ; Daily Newsletter Page 1 Bank Nifty Outlook:- BANK NIFTY also closed third consecutive week in the positive territory. It has also consolidated in narrow range with a high volatility for the week. It made a high of 31,815.50 levels. Close and sustenance above these levels will finally confirm trend towards further higher levels targets as mentioned below in short to medium term. We may see some time or price wise consolidation for short term. 28,570 level is strong support for short term. Till it holds on it, one can expect higher targets till 32,900 levels. Bank Nifty Future Support- Resistance 31600/31750 R1/R2 31300/31200 S1/S2 Daily Chart: Top Gainers/Losers 356.95 19755.00 754.55 Top Losers 169.60 Top Gainers 2830.50 BAJAJ-AUTO ASIANPAINT BRITANNIA ONGC GAIL -1.37 -1.12 -0.97 -0.76 HEROMOTOCO 5.61 4.15 3.36 2.43 3047.45 1454.60 2993.00 EICHERMOT TECHM

3. ; Daily Newsletter Page 2 Stocks Corner: Shares of Hero MotoCorp (HMCL) rose 4 per cent to Rs 2,790 on the BSE on Monday in early morning trade after the company reported a 13.5 per cent rise in sales to 652,028 units in May over the previous month. The company had sold 574,366 units in April 2019, it said in a BSE filing. Manpasand Beverages (MBL) shares were on Monday locked in lower circuit, down 5 per cent at Rs 48.90, on the BSE, with huge sell orders on the counter, after the company’s top management was arrested in a Rs 40 crore Goods and Services Tax (GST) fraud case. Ultratech Cement: The company said it was proposing to issue unsecured redeemable 1. non-convertible debentures (NCDs) amounting to Rs 250 crore on private placement basis. The deemed date of allotment is 4 June 2019 and date of maturity is 4 June 2024. Interest offered for the NCD is 7.64% per annum, as per reports. Cement maker India Cements has recorded net profit of Rs 43.85 crore for the January- March quarter on the back of increase in cement volumes and net plant realisations. Auto companies reported another subdued sales figures for May owing to high finance cost and liquidity constraints. Maruti Suzuki India said its overall sales including that to original equipment manufacturer (OEM) for May declined by 22 per cent to 134,641 units YoY while Tata Motors reported a drop of 26 per cent in its domestic sales at 40,155 units as against 54,290 units sold in May 2018. Jet Airways: The airline's former Chief Executive Vinay Dube has been barred from leaving India, as a probe into the financial irregularities in the running of the grounded airline continues. 2. 3. 4. 5. 6. Stocks in ban period NIL

4. Daily Newsletter ; Page 3 Technical outlook of top 2 stocks BIOCON Stock had given breakout of its resistance and able to sustain above it which can be seen in above charts further strong is expected. INTRADAY R1 R2 R3 550 557 565 545 538 532 825 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 490748 548.20 541.00 LEVEL S1 S2 S3 All over trends Sideways to Positive

5. Daily Newsletter Page 4 ; MCDOWELL-N Stock had given breakouts of its resistance and sustain near around it buying may continue in stock. INTRADAY R1 R2 R3 565 572 580 560 555 547 540 Bullish Stock Info VOLUME DAY HIGH DAY LOW 855165 562.60 549.90 LEVEL S1 S2 S3 All over trends

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