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Daily Equity Report 13-04-2019

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Outlook of Nifty & Bank Nifty Today Nifty Outlook:-

Nifty Future SupportResistance R1/R2

11350/11550

S1/S2

11200/11050

Daily Chart:

The index also failed to stay above its short-term averages of 20 & 50 SMA. One silver lining/ point of respite could be that as price is near to its key Fibonacci ratio of 50 per cent which is placed at 11,220 (reference range is 10,586-11,856), a successive close above the mentioned level may result in the consolidation phase. Level of 11,550 remains a key resistance in the short term.


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Bank Nifty Future SupportResistance R1/R2

29000/29200

S1/S2

28800/28650

Daily Chart:

Bank Nifty Outlook:- Although Niftybank breached trend line level in daily chart, the index holds strong a support of the 200 DMA located at 28800 levels. It is decisively trading above the same average from mid-November last year. The immediate resistance comes at 29000 level, its 50 DMA. The Bearish Engulfing Candlestick pattern suggests any breach of 30,150 levels may further trigger a fall to its support of 28500 levels.

Top Gainers/Losers Top Losers

Top Gainers HDFC INFRATEL TITAN HINDUNILVR

1961.70 265.40 1144.50 1704.00

1.55 1.20 1.10 0.98

EICHERMOT YESBANK IBULHSGFIN IOC

19046.30 156.85 674.60 143.75

-6.42 -4.27 -3.36 -2.61


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Stocks Corner: 1.

2.

3.

4.

Avenue Supermarts, which operates the DMart chain of stores in the country, reported a 21.4 per cent year-on-year net profit growth and a 32.1 per cent year-on-year revenue growth for the quarter ended March 31, 2019, (Q4) at Rs 203 crore and Rs 5,033 crore, respectively. State-owned Canara Bank Friday said its net loss narrowed multi-fold to Rs 551.53 crore for the fourth quarter of fiscal 2018-19, mainly driven by lower provisioning for bad loans. ICICI Bank: The private lender saw a 5 per cent fall in net profit for the quarter ended March 2019 (Q4) to Rs 969 crore. This was due to higher operating expenses and treasury income plunging to Rs 156 crore versus Rs 2,685 crore a year-ago padded with Rs 3,320 crore of profit from stake sale in ICICI Securities. Cinema exhibition chain PVR reported Rs 846 crore in consolidated revenues for quarter ended March 31, 2019, registering a growth of 43 per cent over Q4FY18’s revenue of Rs 592 crore. The growth came on the back of successful film outings like Gully Boy, Uri, Badla, and Captain Marvel. Consolidated PAT for the quarter was Rs 47 crore, up 78 per cent from Rs 26 crore during the corresponding period of last year.

Stocks in ban period JETAIRWAYS


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Technical outlook of top 2 stocks ï‚· RAYMOND 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 R1 R2 R3 LEVEL S1 S2 S3 All over trends

810 822 835 820 790 783 775 Sideways to Positive

Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP

848148 803 793


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ï‚· BIRLACORPN Stock had given breakouts of its resistance and sustain near around it buying may continue in stock.

INTRADAY R1 R2 R3 LEVEL S1 S2 S3 All over trends

545 555 560 676 538 530 525 Bullish

Stock Info VOLUME DAY HIGH DAY LOW

103421 551 536


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