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Daily Equity Report 10-8-2018

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Outlook of Nifty & Bank Nifty Today Nifty Outlook:-

Nifty Future SupportResistance R1/R2

11510/1200

S1/S2

11450/11350

The benchmark indices settled at fresh closing high on Thursday, though bears tried intermittently for control. The market has consistently been hitting fresh record highs, backed by select large caps and banks on hopes of a likely improvement in asset quality going forward. Nifty 50 index closed at a new high of 11,484.90, up 17 points.

Daily Chart:


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Bank Nifty Future SupportResistance R1/R2

28500/28800

S1/S2

28150/27800

Daily Chart:

Bank Nifty Outlook:Shares of public sector undertaking (PSU) bank were in focus with the Nifty PSU Bank index gaining around 3% on the NSE in an otherwise range-bound market on. Union Bank of India, Allahabad Bank and Oriental Bank of Commerce were up 5% each, while Andhra Bank, Bank of India, Canara Bank, Bank of Baroda, Syndicate Bank, PNB and SBI were up in the range of 3% to 4% on the NSE.

Technical Outlook Top Gainers AXISBANK ICICIBANK HINDALCO SBIN

621.35 332 228.1 317.65

Top Losers BHARTIARTL TITAN ONGC CIPLA

367 914.95 169 621.05


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Stock Corner: 1.

2.

3.

4.

5.

Bajaj Electricals posted a 98 percent year-on-year increase in its net profit for the June quarter to Rs 40.5 crore, on the back of strong growth in its consumer durables business.The consumer durables segment overtook engineering, procurement and construction (EPC) to become the largest contributor to the company's overall revenue. Shares of Cipla today spurted nearly 5 percent after the company posted a 10 per cent increase in consolidated net profit for the June quarter Drug major Cipla yesterday posted a 10 per cent increase in its consolidated net profit to Rs 451 crore for the first quarter ended June 30, driven by robust sales across various markets. Auto ancillary company Bharat Forge has started off the financial year 2018-19 on a strong note as first quarter profit surged 33.9 percent on growth across the board. Profit increased to Rs 234.5 crore from Rs 175.1 crore in same period last year. Revenue during the quarter rose 23.2 percent year-on-year to Rs 1,479.7 crore, backed by domestic as well as exports businesses. Public sector Indian Bank on Wednesday reported a 43.7 percent decline in net profits for the quarter ending June 30, 2018, to Rs 209.31 crore. The city-headquartered bank had recorded net profits of Rs 372.40 crore in the corresponding period last year. For the year ending March 31, 2018 the bank's net profits stood at Rs 1,258.99 crore. Hindustan Petroleum Corporation rose after the company reported 85.91% rise in net profit to Rs 1719.21 crore on 26.12% increase in net sales to Rs 67331.52 crore in Q1 June 2018 over Q1 June 2017.

Stock in ban period ADANIENT, ADANIPOWER, PNB.


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Technical outlook of top 2 stocks ï‚· ACC FUT Stock closed above its important resistance zone which can be seen in below daily charts if able to give breakouts and sustain above it than big buying movement is expected.

INTRADAY R1 R2 R3 LEVEL S1 S2 S3 All over trends

1595 1630 1675 1584 1525 1500 1440 Sideways to Positive

Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP

2040800 1583.90 1542 400 1570.80


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ï‚· HINDALCO FUT Stock gains as much as and given breakouts of its trend line resistance and closed around its resistance buying can be seen in coming sessoion.

INTRADAY R1 R2 R3 LEVEL S1 S2 S3 All over trends

235 245 250 229.50 215 210 200 Sideways to Positive

Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP

38661000 229.40 223.15 3500 226.38


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th

th

Event Calendar (06 to 11 August) 06/08/18 (Mon)

07/08/18 (Tues)

08/08/18 (Wed)

09/08/18 (Thurs)

10/08/18 (Fri)

11/08/18 (sat)

Result ADANIPORTS, DANIPOWER, ARVIND, BRITANNIA, DENABANK, HUL.

Result ADANITRANS, DOLPHINOFF, EDELWEISS, INOXWIND, PNB, PTC, SRF, TVSMOTOR

Result 8KMILES, BEML, BPCL, CIPLA, HINDPETRO, INDIANB, LUPIN, NDTV, SBIN

Result BAJAJELEC, BHARATFORG, GNFC, KSCL, MRF, TATACOMM

Result APOLLOHOSP, CGPOWER, GAIL, IGL, JETAIWAYS, NCC

Result AMARAJABAT IOC, MRPL, NBCC

Daily Calls INTRADAY BASIC CALLS DATE 09/08/18 09/08/18 09/08/18

Service Cash Future Cash

Stock Name GRAPHITE STAR 420 CE DALMIABHA

Entry Price 1090 29 1725

Exit Profit/loss 1100 2727 30.90 1520 2684.90 5581

HNI CALLS DATE 09/08/18 09/08/18 09/08/18

Service Cash Option Option

Stock Name TORNTPHARM DCBBANK 170 CE BANKBARODA 155 CE

Entry Price 1725 6 6.10

Exit 1760 6.70 7.10

Report by Senior Researcher : Miss Namrata Otwani

Profit/loss 20290 3150 20000


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Daily Equity Report - Star India Market Research  

The benchmark indices settled at fresh closing high on Thursday, though bears tried intermittently for control. The market has consistently...

Daily Equity Report - Star India Market Research  

The benchmark indices settled at fresh closing high on Thursday, though bears tried intermittently for control. The market has consistently...

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