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Precious metals gold and silver were trading in the red in morning deals on Tuesday.
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; Daily Equity Report 22-5-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty fell for the fourth day in a row, posting their longest losing streak in two over month amid concerns that rising crude oil prices will hurt economic and profit growth. Nifty now heading straight towards the 10500 psychological mark. Its immediate support is also seen around the 10,475 its 50-DMA. 10630/10820 R1/R2 10500/10430 S1/S2 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty ended lower for the fourth consecutive session, dragged by HDFC twins. 25500 seen as immediate support for now if able to give breakouts and sustain below it than blood bath may continue in Bank Nifty. 26070/26470 R1/R2 25500/25000 S1/S2 Daily Chart: Technical Outlook Top Losers DRREDDY SUNPHARMA UPL YESBANK Top Gainers SBIN BPCL COALINDIA TCS 1,890.00 443.85 682.2 334.1 244.5 393.9 271 3,551.80
; Daily Newsletter Page 3 Stock Corner: Aviation stocks on Monday took a beating on the back of rising oil prices, with maximum fall seen in SpiceJet, which cracked 12 percent. Higher oil prices imply increase in fuel costs for aviation companies, which will go on to hurt profitability for these firms. Shares of PSU banks were trading higher during the day’s trade as investors cheered the reduction in bad loans of PSBs post completion of Bhushan Steel takeover. FMCG major, Colgate-Palmolive India Monday reported a 10 percent rise in net profit at Rs 188.8 crore for the fourth quarter ended March 2018. The profit was driven by an improvement in operating margins led by lower advertising costs and soft raw material prices. Ashok Leyland share price dropped nearly 9 percent after operational numbers in March quarter missed analyst estimates. The second largest commercial vehicle maker has reported a 40 percent growth year-on-year in profit at Rs 667.4 crore, boosted by other income and revenue grew by 34 percent YoY to Rs 8,773 crore for the quarter ended March 2017. 1. 2. 3. 4. Stock in ban period BALRAMCHIN, DHFL, JETAIRWAYS, JPASSOCIAT, PCJEWELLER, RCOM, WOCKPHARMA.
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks CAPF FUT Stock traded southward forming lower highs and lower lows and has sustained below the 20 DMA thus expected to fall further. INTRADAY R1 R2 R3 581.50 605 621 546.75 540 530 520 BEARISH Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 1593600 564.35 548 800 554.53 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 5 TITAN FUT Stock ends below trend line as well as heading towards its immediate support which can be seen in below charts breakouts could be seen in coming session. INTRADAY R1 R2 R3 952 965 1005 911.70 910 900 895 Sideways Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 5094750 946.70 915.10 750 928.15 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 6 Event Calendar (21st May to 26th May) 21/05/18 (Mon) 22/05/18 (tues) 23/05/18 (wed) 24/05/18 (thurs) 25/05/18 (Fri) 26/05/18 (sat) Result ABAN, Result BATAINDIA, CARE, CIPLA, DRREDDY, IOC, SBI, VIPIND ETC Result BAJAJELC, BPL, CESC, ECLERX, GRASIM, IGL, KPIT ETC Result 20 MICRO, GAIL, KSCL, NCC, MOIL, NCC, ETC Result Result BANKBARODA, BEML, CENTRALBK, HINDCOPPER, ETC VRLLOGISTIC, WONDERLA ETC COLPAL, DLF, GSPL, JUSTDIAL, PETRONET, REDINGTON, ETC Daily Calls INTRADAY BASIC CALLS DATE 21/05/18 21/05/18 21/05/18 HNI CALLS Service Cash Future Option Stock Name BALRAMCHIN IBULHSGFIN FUT MINDTREE 1020 CE Entry Price 65.80 1110 30 Exit 67.50 1102 33 Profit/loss 7681 3200 3600 DATE 21/05/18 21/05/18 21/05/18 Service Cash Future Option Stock Name BBTC COLPAL FUT ESCORTS 900 CE Entry Price 1500 1230 22 Exit 1530 1239 25 Profit/loss 14000 6300 19250 Report by Senior Researcher: Miss Namrata Otwani
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