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The market extended its opening gains with the Nifty trading above 10,650 levels on the first day of July series, backed by metals, oil and banking & financials stocks..
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; Daily Equity Report 29-6-2018 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty ended sharply lower on the expiry day of June futures & options contracts, dragged by banking & financials and Reliance Industries. Weakness in the rupee and lingering trade tensions between the US and China also dented market sentiment. R1/R2 10680/10820 S1/S2 10540/10400 Daily Chart:
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty ended the session and June series with major cuts. Maximum cuts came in from PSU banks, Nifty PSU bank index was down 7 percent, while real estate index fell over 9.5 percent. The Bank Nifty fell over 2 percent. R1/R2 26600/26900 S1/S2 26300/26050 Daily Chart: Technical Outlook Top Losers TECHM HINDPETRO TITAN IBULHSGFIN Top Gainers NTPC KOTAKBANK M&M HINDALCO 664 261.15 834.5 1,134.00 156.5 1,345.70 907 221.05
; Daily Newsletter Page 3 Stock Corner: NBCC dropped over 1.5% after media reports indicated that a contempt plea was filed against it in the Delhi HC. The Navratna had allegedly violated an undertaking it signed on June 25, wherein it had assured the court that it won’t fell any more trees until July 4. Consequently, on June 26, activist Vimlendu Jha claimed that trees were still being cut. Exide Industries entered into a JV with Leclanche SA to build lithium-ion batteries. GMR Infra declared as selected bidder for development of a commercial port located at one of Vizag’s strategic nodes. Port will have initial capacity of 16 MT. Voltas clarified that it is not aware on media report on Tata Sons selling stake.. 1. Fortis Healthcare reported net loss at Rs932cr in the March quarter on account of a Rs833.50cr exceptional loss due to write-off of goodwill, inter-corporate deposit and advances. K Cement to raise upto Rs 700 crore, The board of directors of the company in their board meeting held decided to offer, issue and allot equity shares through domestic and/or international offerings representing equity shares etc. Adani Ports has signed share purchase agreement (SPA) between Larsen and Toubro, Marine Infrastructure Developer, L8T Shipbuilding and Adani Kattupalli Port to acquire 97% stake of Marine Infrastructure Developer. 2. 3. 4. 5. 6. 7. Stock in ban period NIL.
Daily Newsletter ; Page 4 Technical outlook of top 2 stocks BALKRISIND FUT Stock trading around its important support mark, more selling pressure can be seen in stock. INTRADAY 1055 1095 1140 1014.50 1000 975 R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW 1162400 1052.85 1014.60 LEVEL S1 S2 MARKET LOT SIZE 800 S3 950 VWAP 1026.18 All over trend Sideways to Negative
Daily Newsletter ; Page 5 UBL FUT Stock could not able to sustain on higher side and fell sharply from last few days and closed below its support mark, selling pressure may seen. INTRADAY 1185 1240 1315 1172.70 1100 1060 1000 Sideways to Negative R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 1551200 1185 1122.75 700 1146.89 LEVEL S1 S2 S3 All over trends
Daily Newsletter ; Page 6 Event Calendar (25th June to 30th June) 25/06/18 (Mon) 26/06/18 (tues) 27/06/18 (wed) 28/06/18 (thurs) 29/06/18 (Fri) 30/06/18 (sat) - - - - - - Daily Calls INTRADAY BASIC CALLS DATE 28/06/18 28/06/18 28/06/18 Service Cash Cash Cash Stock Name SUNTECK COROMANDEL PCJEWELLER Entry Price 370 398 134 Exit 371.50 400 137.70 Profit/loss 1211 1500 27612 HNI CALLS DATE 28/06/18 28/06/18 28/06/18 Service Option Option Option Stock Name BRITTANIA 6100 CE CGPOWER 50 CE TECHM 680 PE Entry Price 15 1.85 5 Exit 32.50 2.60 10 Profit/loss 5000 63000 30000 Report by Senior Researcher : Miss Namrata Otwani
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