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In Bank Nifty Services our research expert recommend accurate Nifty/Bank Nifty calls in intraday and positional basis with current market news.
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; Weekly Equity Report By Senior Researcher – Miss Namrata Otwani 03-6-2019 support@starindiaresearch.com8817002233 Nifty View Nifty index formed an Inside Bar on the daily scale as it traded inside the wider trading range of election day while a bullish gap up candle on a weekly scale which indicates that bulls are holding the tight grip in the market It has to continue to hold above 11,750 zones to extend its move towards 12,000-12,040 zones while support is seen at 11,666-11,650 zones. Weekly Chart
Weekly Newsletters Page 2 ; Open interest for the week G Monday Tuesday Wednesday Thursday Friday 17086275 16675275 17658825 17339925 17352150 8 Most Active Nifty option Scrip Strike price Option type Open Interest Nifty 11500 PE 2747625 Nifty 11700 PE 2643975 Nifty 11600 PE 1762650 www.starindiaresearch.com
Weekly Newsletters Page 3 ; Bank Nifty View Bank Nifty has been making higher lows from the past six consecutive sessions and closed the week with the decent gains of around 6 percent. It made a new lifetime high of 31,705 on the election outcome day and had a highest daily and weekly close above 31,200 zones. Now Bank Nifty has to hold above 30,500 zones to extend its move towards the recent high of 31,705 then a fresh rally towards 32,000 and 32,250 levels while major support exists at 30,250 zones which have provided major support for the last entire week. Weekly Chart Open interest for the week Monday Tuesday Wednesday Thursday Friday 1519320 1448140 1488660 1603380 1827940 www.starindiaresearch.com
Weekly Newsletters Page 4 ; Most Active Bank Nifty option Scrip Strike price Option type Open Interest Bank Nifty 30000 PE 586780 Bank Nifty 30500 PE 503480 Bank Nifty 30500 CE 273760 Weekly FII DII FII RS CRORE NET DATE GROSS PURCHASE GROSS SALE PURCHASE/SALE 2,026.33 1,352.20 -965.02 1,185.44 1,734.45 24-May-19 23-May-19 22-May-19 21-May-19 20-May-19 8,059.76 8,339.24 4,685.54 6,587.60 7,610.68 6,033.43 6,987.04 5,650.56 5,402.16 5,876.23 DII RS CRORE NET DATE GROSS PURCHASE GROSS SALE PURCHASE/SALE -195.35 -593.54 -157.75 -1,090.32 -542.71 24-May-19 23-May-19 22-May-19 21-May-19 20-May-19 3,839.67 6,775.56 3,579.28 3,332.26 5,129.52 4,035.02 7,369.10 3,737.03 4,422.58 5,672.23 www.starindiaresearch.com
Weekly Newsletters Page 5 ; SECTOR SCAN Sector Automotive % Chg 2.64% 2.34% 2.93% 1.82% 2.03% 1.00% 0.54% 3.06% 0.79% 0.10% 2.65% 1.28% 2.47% 1.15% 0.77% 1.22% 2.82% 2.17% 3.28% 0.81% 0.64% Sectoral Indices: Advance 77 164 81 94 24 6 21 108 67 75 143 32 73 131 20 62 38 68 21 5 15 Decline 4 26 4 10 5 5 7 18 8 20 45 15 6 35 1 23 11 14 3 0 8 Banking & Financial Services Cement & Construction Chemicals Conglomerates Consumer Durables Consumer Non-durables Engineering & Capital Goods Food & Beverages Information Technology Manufacturing Media & Entertainment Metals & Mining Miscellaneous Oil & Gas Pharmaceuticals Retail & Real Estate Services Telecommunication Tobacco Utilities Name NIFTY BANK NIFTY AUTO NIFTY FIN SERVICE NIFTY FMCG NIFTY IT NIFTY MEDIA NIFTY METAL NIFTY PHARMA NIFTY PSU BANK NIFTY PVT BANK NIFTY REALTY %change 2.64 2.96 2.12 0.81 0.2 1.31 2.92 1.3 5.59 2.45 4.44 www.starindiaresearch.com
Weekly Newsletters Page 6 ; NEWS CORNER 1.Indraprastha Gas Ltd, which retails CNG to automobiles in the national capital and adjoining cities, Friday reported a 28 per cent rise in its March quarter net profit on the back of higher sales. Net profit in January-March rose to Rs 224.72 crore from Rs 175.33 crore in the year- ago period, the company said in a statement here. 2.Jindal Stainless Hisar Ltd (JSHL) May 24 reported 31.75 per cent fall in standalone net profit at Rs 65.59 crore for the quarter ended March 31, 2019. The company's standalone net profit stood at Rs 96.11 crore in the January-March quarter of the preceding fiscal Total standalone income during the quarter rose to Rs 2,385 crore from Rs 2,282.22 crore in the year-ago period. JSHL's total expenses also grew to Rs 2,301.13 crore from Rs 2,127.84 crore a year ago. 3.Essel Group direct-to-home arm Dish TV India Ltd reported a consolidated net loss of Rs 1,316.30 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 118.21 crore in the January-March quarter a year-ago.Its revenue from operations during the quarter was Rs 1,398.75 crore. It was Rs 1,532.37 crore during the corresponding quarter of the previous fiscal. 4.Footwear major Bata India May 24 reported a 69.47 per cent jump in standalone profit to Rs 88.26 crore for the fourth quarter ended March 31, 2019. It had posted a profit of Rs 52.08 crore in the January-March quarter of the preceding fiscal. The company's revenue from operations during the quarter under review stood at Rs 679.39 crore, up 7.44 per cent from Rs 632.31 crore in the year-ago period. 5.Whirlpool of India May 24 reported 13.91 per cent increase in profit at Rs 104.1 crore for the fourth quarter ended March 31, 2019. The company posted a profit of Rs 91.38 crore in the year-ago quarter. Total income from operations during the quarter under review stood at Rs 1,380.5 crore, up 7.6 per cent from Rs 1,282.42 crore in the year-ago period. www.starindiaresearch.com
Weekly Newsletters Page 7 ; STOCK OUTLOOK DLF FUT :- Stock gains and able to trade above Bollinger band which further indicates buying in stock in coming session. Stock performance VWAP 188.57 16934 8302.35 2600 6812.50 6453.75 Traded Volume (contracts) Traded Value (lacs) Market Lot Weekly High Weekly Low Rating Matrix by Researcher Rating R1/R2 S1/S2 LEVEL BUY 220/250 180/150 195 Stock in ban period ADANIPOWER, IDBI. www.starindiaresearch.com
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