1 / 6

Daily Equity Market Report

In Stock Cash Platinum Services we provide most accurate trading tips and sure shot call for Equity and Future market traders to trade safly and book maximum profit.

contactmail86
Download Presentation

Daily Equity Market Report

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ; Daily Equity Report 16-04-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11500 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11550, Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. Nifty Future Support- Resistance 11600/11750 R1/R2 11500/11430 S1/S2 Daily Chart:

  2. ; Daily Newsletter Page 1 Bank Nifty Outlook:- If NIFTY BANK index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 30200 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 31000. Currently NIFTY BANK index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 31000 on upside and 30200 on downside. Bank Nifty Future Support- Resistance R1/R2 30550/30650 S1/S2 30400/30150 Daily Chart: Top Gainers/Losers 164.40 1442.00 1488.55 Top Losers 636.25 Top Gainers 772.35 421.40 641.00 DRREDDY IBULHSGFIN VEDL LT INDUSINDBK -4.46 -1.94 -1.69 -1.39 INFY 6.27 3.36 1.74 1.04 SUNPHARMA UPL 2635.85

  3. ; Daily Newsletter Page 2 Stocks Corner: Shares of Dewan Housing Finance Corporation (DHFL) have tanked 29 per cent at Rs 49, hitting 10-year low on the BSE on Monday in intra-day trade, after the company reported a standalone net loss of Rs 2,223 crore for the quarter ending March 2019 (Q4F19), owing to higher provisioning. The non-banking finance company had posted net profit of Rs 134 crore in the same quarter last fiscal. With the Bank`sticking to its earlier credit cost guidance of 60bps, the stock has the potential to regain lost ground as it trades at 2.5x P/ABV for FY21E. We reiterate our BUY rating on the stock with a slightly revised target of Rs2,239. 1. Unless there is a major supply shock, we do not envisage a sharp pickup in food inflation. After a slow start in June, the sowing activity is expected to pick up pace in July and August with the advancement of the monsoon. Against this benign inflation backdrop, weakening growth impulses and government’s adherence to fiscal glide path, we restate our belief of another 25 bps cut in August. Further cuts would depend on how growth and inflation evolve. Unless there is a major supply shock, we do not envisage a sharp pickup in food inflation. After a slow start in June, the sowing activity is expected to pick up pace in July and August with the advancement of the monsoon. Against this benign inflation backdrop, weakening growth impulses and government’s adherence to fiscal glide path, we restate our belief of another 25 bps cut in August. 2. 3. 4. Stocks in ban period DHFL, RELCAPITAL, IDBI, RELINFRA

  4. Daily Newsletter ; Page 3 Technical outlook of top 2 stocks DIVISLAB 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 1610 1625 1640 1606 1585 1570 1560 Sideways to Positive R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 316636 1631.00 1600.10 LEVEL S1 S2 S3 All over trends

  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 590 603 610 582 570 563 557 Bullish Stock Info VOLUME DAY HIGH DAY LOW 320992 592.60 580.05 LEVEL S1 S2 S3 All over trends

  6. Daily Newsletter ; Page 5 DISCLAIMER Entering our site means that you have read, understood and agreed to everything that is written and implied in this disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment advice for a specific individual. The information and views in this website & all the services we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. The information contained herein is from sources believed reliable. We do not represent that it is accurate, complete and it should not be relied upon as such. Any action taken by you on the basis of the information contained in this site is your responsibility only and we will not be liable in any manner for the consequences of such action taken by you. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Reports or any other information provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. By accessing our site or any of its associate/group sites, you have read, understood and agree to be legally bound by the terms of the following disclaimer and user agreement Star India Market Research and its owners/affiliates are not liable for damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research House is not responsible for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non- receipt of registration details or e-mails. You understand and agree that no joint venture, partnership, employment or agency relationship exists between you and Research House as a result of this agreement or on account of use of our website. Price and availability of products and services offered on the site are subject to change without prior notice. We provide information about the availability of products or services to a certain extent but you should not rely on such information. Star India will not be liable for any lack of availability of products and services you may order through the site. www.starindiaresearch.com

More Related