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; Daily Equity Report 09-08-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty index managed to hold its previous day lows and consolidated in first half of the session but witnessed sharp movement towards 11,050 zone at latter part of the day. It formed a bullish candle on daily scale as sharp buying interest was seen and it gained 177 points to close above 11,000 zones after five trading sessions. "Now till it holds above 10,950 zone it could extend its gains towards 11,111 then 11,150 zones while on the downside supports are seen at 10,950 then 10,880 levels," Nifty Future Support- Resistance R1/R2 10137/10204 S1/S2 10994/10910 Daily Chart:
; Daily Newsletter Page 1 Bank Nifty finally negated its formation of lower highs - lower lows after five consecutive trading sessions and formed a bullish engulfing candle on the daily scale. The index closed at 28,110.45, up 408.40 points and formed bullish candle on daily scale. Bank Nifty Future Support- Resistance R1/R2 28442/28547 "Immediate support for Nifty Bank is coming near S1/S2 28242/28090 27,850-27,600 zone and resistance is coming near 28,350-28,500 zone," Gaurav Bissa, AVP Derivatives Daily Chart: & Technicals at LKP Securities, said. Top Gainers/Losers Top Losers Top Gainers 1,088.25 HCL Tech Tata Motors 6.41 5.66 Tata Steel Cipla UltraTechCement 367.40 503.05 4,233.15 -3.80 -2.94 -2.50 124.05 JSW Steel 221.70 4.45 IndusInd Bank 1,414.05 -0.86 M&M 539.55 4.10
; Daily Newsletter Page 2 Stocks Corner: The rupee dropped 8 paise to finish at 70.89 against the US dollar on August 7 after the RBI cut the key interest rate and lowered the growth estimate for the current fiscal. This is the fifth straight session of loss for the domestic currency, during which it has lost a hefty 210 paise, said PTI. Affle India, a mobile marketing firm, rose as much as 29 per cent during their stock market debut on Thursday. The stock hit a high of Rs 956 and a low of Rs 750 on the 1. National Stock Exchange (NSE), with shares worth over Rs 740 crore changing hands. Wipro released its 2019 State of Cyber security Report that highlights the rising importance of cyber security defense to global leaders, the emergence of the CISO as a C- Suite role, and an unprecedented focus on security as a pervasive part of the business operations. Tenable, a cyber exposure company, announced new product innovations in Tenable.sc and Tenable.io to continuously discover and assess known and unknown assets across on-premises and cloud environments from a single platform at no extra charge. 2. 3. 4. Stocks in ban period
Daily Newsletter ; Page 3 Technical outlook of top 2 stocks GLENMARK Stock is trading near around his resistance level and It is making a morning doji star pattern on bottom line with high volatility strong bullish candle which is indicating up-ward momentum in stock technical indicators also seen upside on daily basis chart . INTRADAY R1 R2 R3 430 435 440 425 420 415 410 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 8,54,250 430 414.35 LEVEL S1 S2 S3 All over trends POSITIVE
Daily Newsletter Page 4 ; HEXAWARE The stock has been given a positive breakout from his 50DEMA and It is taken support from his 100DEMA, and it is also trading near around his resistance level, It is making bullish engulfing pattern with high volume volatility on daily chart. oscillators is also pointing towards more up-side into the prices. INTRADAY R1 R2 R3 375 380 385 370 365 360 355 Stock Info VOLUME DAY HIGH DAY LOW 6,33,416 373.65 353.35 LEVEL S1 S2 S3 All over trends POSITIVE
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