60 likes | 70 Views
Indian equity markets traded with a positive bias throughout the day with large cap stocks continuing their outperformance.
E N D
; Daily Equity Report 12-06-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Indian equity markets traded with a positive bias throughout the day with large cap stocks continuing their outperformance. The Bank Nifty index outperformed Nifty driven by stocks like ICICI Bank & Yes Bank which closed with strong gains. Buying on dips to continue in nifty as long as it holds above 11800 levels , we advice buying on dips around 11850 levels with strict stoploss of 11800 for the targets of 11950 -12000 levels. Nifty Future Support- Resistance 12007/12129 R1/R2 11871/11815 S1/S2 Daily Chart:
; Daily Newsletter Page 1 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty closed at 31265.45 closed 231.45 points higher. The Nifty PSU Bank index ended its 3-day losing streak. Shares of IndiaBulls group remained under selling pressure with IndiaBulls Housing Finance closing ~8% lower on allegations of siphoning off ~Rs 1 lakh cr. Nifty & Bank Nifty continued to add fresh open interest, indicating an addition of long positions. 31425/31871 R1/R2 30708/30437 S1/S2 Daily Chart: Technical Outlook Top Losers Top Gainers IBULHSGFIN SUNPHARMA M&M BPCL 674.15 391.50 636.50 386.00 TATAMOTORS YESBANK INDUSINDBANK ZEEL 170.90 139.75 1594.00 344.40
; Daily Newsletter Page 2 Stock Corner: Equity benchmark indices extended gains for the third consecutive session on Tuesday led by gains in banking and information technology stocks. Yes Bank was the top gainer in the Nifty50, the stock rose 5%, followed by Zee Entertainment, ONGC, Vedanta, and IndusInd Bank. However, shares of Indiabulls Housing Finance, Sun Pharma, M&M, and Tech Mahindra fell in today’s trade. 1. The Adani Ports and Special Economic Zone said in the filing on Tuesday that the company board has approved the proposal for the buy-back by the company of up to 3.92cr equity shares from the equity shareholders of the company as on June 21, 2019, at a price of Rs500 per equity share for an aggregate amount not exceeding Rs1,960cr. 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, PCJEWELLER, RELCAP
Daily Newsletter Page 3 ; Page 3 Technical outlook of top 2 stocks IBULHSGFIN FUTURE IBULHSGFIN closed near days low , we may see some more downside to continue in the coming trading session . INTRADAY R1 R2 R3 691 708 715 660 652 640 bearish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 35067863 714.95 668.60 500 691.59 LEVEL S1 S2 S3 All over trends
; Daily Newsletter Page 4 DISHTV FUTURE DISHTV FUTURE has closed near the days high, 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
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 www.starindiaresearch.com