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Nifty50 gradually inched higher amid consolidation throughout session and closed higher on April 15, but failed to hold 11,700 levels reclaimed during the day.
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; Daily Equity Report Report by- Miss Namrata Otwani 15-04-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Nifty50 gradually inched higher amid consolidation throughout session and closed higher on April 15, but failed to hold 11,700 levels reclaimed during the day. The gains were driven by banks, auto, metals and select technology stocks. The index consolidated in 11,650-11,700 zone for most part of the session. It formed a small bullish candle on daily scale, making higher highs - higher lows formation from past two trading sessions. 11750/11800 R1/R2 11550/11500 S1/S2 Daily Chart:
; Daily Newsletter Page 1 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty managed to hold above 30,000 level and remained consolidative for most part of the day, but failed to cross above 30,250 zone. The index closed 165.70 points higher at 30,104.25 and formed a bullish candle on daily scale. Supports are gradually shifting higher. Now it has to continue to hold above 30,000 to witness an upmove towards 30,250 then 30,500 zones while on the downside major support is seen at 29,700 then 29,500 levels. R1/R2 30250/30650 S1/S2 29600/29150 Daily Chart: Top Gainers/Losers Top Losers Top Gainers INFY INFRATEL SUNPHARMA GAIL 728.2 309.4 458.65 353.6 -2.61 -1.67 -1.38 -0.88 TATAMOTORS TCS COALINDIA TATASTEEL 232 7.43 4.89 4.15 3.81 2,113.00 250.8 554
; Daily Newsletter Page 2 Stocks Corner: Wipro board meeting scheduled to be held on April 16 to consider a proposal for buyback of equity shares of the company. State-run Rail Vikas Nigam’s shares to start trading on BSE/NSE after IPO gets 182% demand at Rs19/share. As many as five companies are said to have submitted expressions of interest (Eo-Is) in picking up stakes in Jet Airways that have been put on sale by lenders as part of a rescue plan, as per ET report. Welspun Corp received additional pipe orders of 180KMT on a global basis. The 1. 2. company’s order book stands at Rs1,661 KMT worth at Rs14,100cr. Reliance Industries clarified that the company neither setup any gas pipeline in 2006 nor has any contracts with any Netherland company for setting up any gas pipeline. Wockhardt received USFDA approval for generic version of Dacogen, which is used to treat certain forms of cancer. The product will be manufactured in Hyderabad. The company says it will launch the product in the US in a short period of time. Blue Star filed a petition for liquidation of its Oman-based joint venture in the jurisdictional court in Oman. 3. 4. 5. 6. 7. Stocks in ban period DHFL, IDBI, JETAIRWAYS, PCJEWELLER, RPOWER, WOCKPHARMA.
Daily Newsletter ; Page 3 Technical outlook of top 2 stocks ESCORTS Stock sustain above 20 DMA which indicates positive movement in coming session. INTRADAY R1 R2 R3 810 820 830 795 780 770 760 Bullish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 1006147 794.80 782.60 1100 792.34 LEVEL S1 S2 S3 All over trends
Daily Newsletter Page 4 ; L&TFH FUT Stock had given breakouts of its resistance and sustain near around it buying may continue in stock. INTRADAY R1 R2 R3 160 165 170 153.50 145 140 135 Bullish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 25965000 153.50 148.15 4500 151.27 LEVEL S1 S2 S3 All over trends
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