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Nifty Intraday Tips- Outlook of Nifty & Bank Nifty

If nifty 50 index breaches minor support on the downside and closes below it

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Nifty Intraday Tips- Outlook of Nifty & Bank Nifty

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  1. ; Daily Equity Report 9-07-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11650 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11950, Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. Nifty Future Support- Resistance 11750/11850 R1/R2 11600/11530 S1/S2 Daily Chart:

  2. ; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Nifty Bank (31476) we said ‘a slowdown in momentum is witnessed … a strong momentum could take it pass the all-time high and a down move too is not ruled out…stiff resistance 31670…support 31187’ 31100/31250 R1/R2 the Nifty Bank saw the high near our resistance and has closed flat for the day…technically now the support in the vicinity is at 31111…stiff resistance 31670 30700/30550 S1/S2 Daily Chart: Top Gainers/Losers 153.00 6049.95 Top Losers 3442.00 7957.05 Top Gainers YESBANK HCLTECH UPL TCS BAJFINANCE BAJAJFINSV ONGC MARUTI -7.45 -5.67 -5.26 -4.88 94.40 1037.45 672.35 2178.10 7.09 2.07 0.98 0.69

  3. Daily Newsletter ; Page 3 Stocks Corner: Infosys, FDC, GE Shipping, others: Nine companies which have active buyback programmes are staring at an unexpected tax burden, says a Business Standard report. The Union Budget on Friday made it mandatory for listed companies to pay additional tax at 20 per cent on share buybacks. Maruti Suzuki India: The country's largest car maker Maruti Suzuki India (MSI) cut production by 16 per cent in June. It was the fifth consecutive month of production cut by the company. Mindtree: Executive chairman Krishnakumar Natarajan, executive vice chairman & chief 1. operating officer (COO) NS Parthasarathy, and managing director & chief executive officer (CEO) Rostow Ravanan quit on Friday after the IT company was acquired by engineering giant L&T. PNB: Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 38.05 billion ($556 million) in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI). Bhushan Power and Steel, one of India's most indebted companies, was among the first 12 companies referred by the RBI India to a bankruptcy court for a debt resolution process under India's new insolvency law. PSU banks: Global brokerages such as CLSA and Morgan Stanley believe that PSU banks will be the biggest beneficiaries from the Budget announcements. Finance Minister Nirmala Sitharaman has announced Rs 70,000 crore recapitalisation plan for the state- owned banks. 2. 3. 4. 5. Stocks in ban period DHFL, RELCAPITAL

  4. Daily Newsletter ; Page 4 Technical outlook of top 2 stocks DIVISLAB Stock had given breakout of its resistance and able to sustain above it which can be seen in above charts further strong is expected. INTRADAY 1610 1625 1640 1595 1585 1570 1560 Sideways to Positive R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 316636 1604.00 1581.00 LEVEL S1 S2 S3 All over trends

  5. Daily Newsletter Page 5 ; MCDOWELL-N Stock had given breakouts of its resistance and sustain near around it buying may continue in stock. INTRADAY R1 R2 R3 590 603 610 580 570 563 557 Bullish Stock Info VOLUME DAY HIGH DAY LOW 320992 585.00 576.50 LEVEL S1 S2 S3 All over trends

  6. Daily Newsletter ; Page 6 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 any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non- receipt of registration details or e-mails. You understand and agree that no joint venture, partnership, employment or agency relationship exists between you and Research House as a result of this agreement or on account of use of our website. Price and availability of products and services offered on the site are subject to change without prior notice. We provide information about the availability of products or services to a certain extent but you should not rely on such information. Star India will not be liable for any lack of availability of products and services you may order through the site. www.starindiaresearch.com

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