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Daily Equity Report 16-5-2018

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Outlook of Nifty & Bank Nifty Today Nifty Outlook:-

Nifty SupportNifty endedFuture flat after the BJP is likely to fail to reach half-way mark in Karnataka, though it is likely to be Resistance emerging as the largest party with 104 seats. Nifty R1/R2 formed a Doji pattern10950/11190 on the daily chart giving early signs of a reversal. The 10785 levels which acted as a resistance previously will now act as the first S1/S2 10785/10640 support level while on higher side 10950 seen as immediate resistance.

Daily Chart:


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Daily Newsletter

Bank Nifty Outlook:-

Bank Nifty Future SupportResistance R1/R2

27000/27650

S1/S2

26300/25900

Bank Nifty on the other hand created a Doji pattern which is again indicating uncertainty. Going forward, 26250 is the crucial support for the index. 27,000 mark seen important resistance for now, if able to give breakouts and sustain above it than only buying momentum could be seen again.

Daily Chart:

Technical Outlook Top Gainers TATASTEEL POWERGRID BAJFINANCE TCS

627 214 1,900.00 3,487.00

Top Losers TATAMOTORS SBIN COALINDIA IBULHSGFIN

310.7 246.55 264 1,199.75


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Daily Newsletter

Stock Corner: 1.

2. 3.

4.

5.

Hindustan Unilever gains in an early trades after the fast moving consumer goods (FMCG) major reported a better than expected sales volume growth of 11% in March quarter (Q4FY18). Analysts expected sales volume growth in the range of 5% to 8%. Karnataka Bank share price fell 4 percent after profit for the March quarter dropped sharply to Rs 11 crore compared to Rs 138.4 crore in corresponding period last fiscal. Punjab National Bank has posted highest ever quarterly loss at Rs 13,417 crore for the January-March period of 2018. Gross non-performing assets jumped to 18.38 percent from 12.11 percent and net NPAs rose to 11.24 percent from 7.55 percent YoY. Pharma major Lupin has posted a loss of Rs 783.5 crore for the quarter ended March 2018, due to one-time loss of Rs 1,464.3 crore on Gavis Group acquisition. The company had reported profit of Rs 380.2 crore for March quarter 2017. Snowman Logistics share price fell more than 5 percent after March quarter profit after tax plunged 47.2 percent to Rs 1.9 crore from Rs 3.6 crore YoY.Revenue from operations, however, increased 16.3 percent to Rs 51.8 crore from Rs 44.6 crore YoY.

Stock in ban period 

DHFL, JETAIRWAYS, JPASSOCIAT, JUSTDIAL, PCJEWELLER, WOCKPHARMA.


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Technical outlook of top 2 stocks ï‚· ARVIND FUT Stock remained significantly lower from the downward sloping trend line and rested near the support level drawn on chart. The stock is expected to give lower breakout..

INTRADAY R1 R2 R3 LEVEL S1 S2 S3 All over trends

435 445 455 417.65 413 405 390 Sideways to Negative

Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP

7826000 436.80 417.65 2000 428.22


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ï‚· EQUITAS FUT Stock could able to sustain on higher and drag lower side and form Bearish candle which can be seen in below charts selling pressure may continue.

INTRADAY R1 R2 R3 LEVEL S1 S2 S3 All over trends

440 445 450 417.50 410 400 395 Bullish

Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP

7826000 436.80 417.65 3200 168.83


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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 15/05/18 15/05/18 15/05/18

Service Cash Future Option

Stock Name

Entry Price

Exit

MPHASIS PIDILITIND FUT BEML 1100 CE

1017 1114 78.25

1045 1120.50 89.90

Profit/los s 8179 9500 4995

HNI CALLS DATE 15/05/18 15/05/18 15/05/18

Service Cash Future Option

Stock Name BIOCON APOLLOTYRE FUT ESCORTS 960 CE

Entry Price 640 287 31

Exit 651 289.60 33

Profit/loss 7813 39000 10175


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Daily Newsletter

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