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; Daily Equity Report 19-06-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Indian equity markets witnessed volatile swings, closing the trade on a positive note. Nifty Midcap underperform the benchmark index, closing ~0.1% lower. Nifty IT index closed ~0.7% higher with Infosys posting a strong move, closing ~1% higher. Shares of Jet Airways, Reliance Capital, Reliance Infra & DHFL closed down in the range of 20-50% along with an addition of heavy short positions. Nifty Future Support- Resistance index continued to 11825/11950 R1/R2 11550/11415 S1/S2 Daily Chart:
; Daily Newsletter Page 1 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty closed at 30351 .The Nifty PSU Bank index and Nifty pvt bank closed marginally in the green. Banknifty is trading near the lower band and 30200 is strong support . If it closes below this level we may see more downside. We suggest buying on dips near 30250 levels with stricts stoploss of 30200 for the targets of 30450 to 30550 levels , but below 30200 more downside. 30550/30780 R1/R2 30200/30000 S1/S2 Daily Chart: Technical Outlook Top Losers Top Gainers VEDL BPCL COALINDIA ICICIBANK IBULHSGFIN YESBANK HINDALCO ASIANPAINT 606.60 109.25 190.30 1380.10 168.15 386.00 260.40 422.40
; Daily Newsletter Page 2 Stock Corner: KNR Constructions announced that KNR Srirangam Infra, wholly owned subsidiary of the Company has received the appointed date i.e 1 March 2019 by the National Highways Authority of India. The Rs 1020 crore project details are as follows - Laning of Trichy to KaUagam Section of NH-227 under Bhartmala Pariyojana (Residual Project under NHDP) in the state of Tamil Nadu. 1. Cochin Shipyard entered into a Long Term Wage settlement with its workmen which will be effective from 01 April 2017 and valid for 10 years. The earlier wage settlement entered into with the trade unions was valid upto 31 March 2017. The current settlement has been arrived at after protracted negotiations between the management and the workmen. CSL has already catered to the increase in wages in its books of accounts through creation of appropriate provisions. 2. Indian Oil Corporation Limited (lndian Oil), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited(HPCL) have signed an Agreement for formation of a Joint Venture Company for implementation and subsequent operation of 2757 Km long LPG Pipeline from Kandla, Gujarat to Gorakhpur, UP. Indian Oil, BPCL and HPCL would have 50%, 25% and 25% equity holding in the JV Company. 3. Stock in ban period IDBI, DHFL, JETAIRWAYS, PCJEWELLER, RELCAP, RELINFRA
Daily Newsletter ; Page 3 Page 3 Technical outlook of top 2 stocks SRF FUTURE SRF FUTURE closed near days high , we may see some more upside to continue in the coming trading session . INTRADAY 3045 3075 3100 2965 2920 2860 bullish R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 1067518 3021 2868.10 250 2982.85 LEVEL S1 S2 S3 All over trends
; Daily Newsletter Page 4 DISHTV FUTURE DISHTV FUTURE has closed near the support, is looking strong on charts , we may continue to more upside in coming trading sessions. INTRADAY 32.50 34.60 37.50 28.50 26.00 24.50 Bullish R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 28349694 30.50 26.00 8000 28.70 LEVEL S1 S2 S3 All over trends
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