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Daily Equity Report 15-5-2018

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Outlook of Nifty & Bank Nifty Today Nifty Outlook:-

Nifty Nifty shuts Future around theSupport10,800 levels forming a Doji kind of a candle stick pattern on the daily chart Resistance indicating uncertainty ahead of the Karnataka R1/R2 verdict on10850/10950 Elections Tuesday May 15, 2018. The 10,785 levels which previously was the resistance point will now act as a crucial support level for Nifty. S1/S2

10785/10640

Daily Chart:


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Daily Newsletter

Bank Nifty Outlook:-

Bank Nifty Future SupportResistance R1/R2

26565/27000

S1/S2

25930/25520

Bank Nifty on the other hand ended with modest gains also forming a Doji candle stick pattern. Upside for the index is capped around the 26,700 level while support is seen around 25900 levels. Bank Nifty traded on strong note for the whole trading session against Nifty today.

Daily Chart:

Technical Outlook Top Gainers NTPC BPCL INDUSINDBK DRREDDY

171.2 404.5 1,918.00 2,015.00

Top Losers TITAN ZEEL TATAMOTORS M&M

922.65 576.5 323.5 850.05


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Daily Newsletter

Stock Corner: 1. 2. 3.

4.

5. 6.

CBI will submit a charge sheet against Allahabad Bank CEO and MD Usha Ananthasubramanian and several others in the over Rs13,000cr PNB scam. Federal Bank to sell 26% in unit FedFina to True North Enterprises. Also, receives RBI approval to acquire 19.90% in Equirus Capital. Lupin gains 3% after the US health regulator inspected company's Nagpur facility with zero observations. The pharma major announced the successful completion of an inspection carried out by the US Food and Drug Administration at its Nagpur facility. Majesco share price rallied more than 4 percent after the IT company reported profit at Rs 7.9 crore for the quarter ended March 2018 against loss of Rs 9 crore in previous quarter on better operational performance and lower tax cost. Vedanta has received approval from the Competition Commission of India for acquisition of Electrosteel Steels. South Indian Bank has reported massive 51.1 percent growth year-on-year in net profit at Rs 114.1 crore for the quarter ended March 2018.Profit during the quarter ended March 2017 stood at Rs 75.5 crore. Net interest income, the difference between interest earned and interest expended, grew by 12.1 percent to Rs 492.2 crore in Q4 YoY while net interest margin improved to 2.84 percent during the quarter, from 2.72 percent in yearago.

Stock in ban period 

DHFL, IRB, JETAIRWAYS, JPASSOCIAT, JUSTDIAL, WOCKPHARMA.


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Technical outlook of top 2 stocks ï‚· ESCORTS FUT Stock rested on the support line indicating higher sell side volume on chart. The stock may fall further.

INTRADAY R1 R2 R3 LEVEL S1 S2 S3 All over trends

975 1000 1020 941.90 932 910 900 Sideways to Negative

Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP

6832100 974.50 942.25 1100 956.43


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ï‚· DCBANK FUT

Stock showed signs of reversal on daily chart forming bearish candle thus suggesting selling in the stock future ahead.

INTRADAY R1 R2 R3 LEVEL S1 S2 S3 All over trends

192 200 210 188 185 180 170 Sideways to Negative

Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP

3244500 191.90 188.55 4500 189.94


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Event Calendar (14th May to 19th May) 14/05/18 (Mon)

15/05/18 (tues)

16/05/18 (wed)

17/05/18 (thurs)

18/05/18 (Fri)

19/05/18 (sat)

Result

Result

Result

Result

Result

Result

BOMDYEING, HUL, POLARIS ETC

FORTIS, KTKBANK, LUPIN, MRPL, PNB, SUVEN ETC

AXISBANK, DBCORP, GSFC, HINDALCO, JSWSTEEL, PTCINDIA ETC

BAJFINANCE, COFFEEDAY, ESCORTS, JKTYRE, SRF, VOLTAS ETC

BAJAJ-AUTO, INOXWIND, MANAPPURAM ETC

ATULAUTO, ITI, RUSHIL, SOBHA ETC

Daily Calls INTRADAY BASIC CALLS DATE 14/05/18 14/05/18 14/05/18

Service Cash Future Option

Stock Name

Entry Price

Exit

GUJGASLTD TATAELXSI FUT MINDTREE PUT

865 1165 34

883 1156.90 35.25

Profit/los s 6186 9480 1500

HNI CALLS DATE 14/05/18 14/05/18 14/05/18

Service Cash Future Option

Stock Name PCJEWELLER SUNTV FUT ESCORTS 960 CE

Entry Price 190 945 32

Exit 195 968 39.20

Profit/loss 26316 115000 59950

Report by Senior Researcher – Miss Namrata Otwani


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