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Daily Report THURSDAY MAY 23 2019

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Daily Report THURSDAY MAY 23 2019

MARKETS AT A GLANCE INDIAN MARKETS INDICES

VALUE

CHANGE

% CHANGE

NIFTY

11737.90

28.80

0.25

SENSEX

39110.21

140.41

0.36

BANKNIFTY

30526.80

218.40

0.72

GLOBAL MARKETS INDICES

VALUE

DJIA

25,776.61

INDIAN SECTORIAL INDICES % change INDICES 0.39

S&P 500

2,856.27

0.28

NASDAQ

7,750.84

-0.45

FTSE 100

7,334.19

% change

NIFTY AUTO

0.45

NIFTY FIN SERVICE

0.54

NIFTY FMCG

-0.95

NIFTY IT

-0.64

0.07

NIFTY MEDIA

-0.52

12,168.74

0.21

NIFTY METAL

0.36

CAC 40

5,378.98

-0.12

NIFTY PHARMA

0.27

NIKKEI

21,133.77

-0.70

NIFTY PSU BANK

0.45

NIFTY PVT BANK

0.80

HANGSENG

27,317.35

-1.40

NIFTY REALTY

0.38

DAX

MARKETS’ SUMMARY 

At close, the Sensex was up 140.41 points at 39110.21, while Nifty was up 28.80 points at 11737.90. About 1356 shares have advanced, 1147 shares declined, and 183 shares are unchanged.



IndusInd Bank, Sun Pharma, Bajaj Auto, BPCL and Eicher Motors were among major gainers on the Nifty, while losers were Tech Mahindra, Indiabulls Housing, Bharti Infratel, ITC and Yes Bank.

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Daily Report THURSDAY MAY 23 2019

DAILY NEWS 

Veto Switchgears Q4: Net profit down 84.5 percent at Rs 1.1 crore versus Rs 7.1 crore; revenue down 33.4 percent at Rs 46.9 crore versus Rs 70.4 crore YoY.



SH Kelkar Q4: Net profit up 1.5 percent at Rs 20 crore versus Rs 19.7 crore, revenue down 5.3 percent at Rs 268.8 crore versus Rs 283.8 crore YoY.



Ashoka Buildcon Q4: Net profit down 47.2 percent at Rs 98 crore versus Rs 186 crore; revenue up 86.2 percent at Rs 1,307.4 crore versus Rs 702.3 crore YoY.



TD Power Q4: Net profit at Rs 15.4 crore versus Rs 3.7 crore; revenue up 25.7 percent at Rs 200.8 crore versus Rs 159.8 crore YoY.



Fairchem Speciality approved a composite scheme of arrangement and amalgamation amongst Fairchem Speciality, Fairchem Organics & Privi Organics India



OBC board to consider and approve the raising of capital from the market through QIP or such other mode as decided by the Board on June 1



HDFC Bank approved sub-division of equity shares from 1 equity share of face value of Rs 2 each to 2 equity shares of face value of Re 1 each



Bodal Chemicals planning to acquire 80% stake in Turkey based LLP namely SENER BOVA KIMYA TEKSTIL SANAYI VE TICARET



Wipro builds a blockchain-based solution for Travacoin to enable digital currency-based payments for the airline industry



ITI inks MoU with Department of Telecommunications for the Year 2019-20



L&T issues non-convertible debentures by worth Rs 2000 crore



Adani Ports & SEZ board meeting on May 27 to consider fund raising by way of issuance of non-convertible debentures for an amount upto Rs 1,500 crores on private placement basis

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Daily Report THURSDAY MAY 23 2019

MOVERS & SHAKERS Gainers of the Day Symbol

Losers of the Day

CMP

% change

Symbol

CMP

% change

1,528.00

5.54

TECHM

750.00

-2.98

UNPHARMA

423.00

3.46

IBULHSGFIN

784.00

-2.94

BAJAJ-AUTO

3,053.95

2.51

INFRATEL

269.15

-2.52

383.25

2.35

YESBANK

138.90

-1.49

21,285.00

1.83

ZEEL

343.00

-1.35

INDUSINDBK

BPCL EICHERMOT

52 Weeks’ High

52 Weeks’ Low Symbol

LTP

Change

% change

AHLEAST

210.55

-5.00

-2.32

AMARAJABAT

618.20

-10.90

-1.73

1,120.15

-19.70

-1.73

DHANUKA

359.00

-9.15

-2.49

ERIS

566.20

-39.40

-6.51

Symbol

LTP

Change

% change

ANTGRAPHIC

0.80

0.00

0.00

CUB

209.50

0.40

0.19

DCMSHRIRAM

617.00

38.15

6.59

BBTC

HEIDELBERG

203.50

4.85

2.44

24,350.00

419.15

1.75

HONAUT

Volume Shockers

OI Spurts

Symbol

Volume

CKFSL

33,56,554

TIMKEN

13,38,580

Symbol

Change in OI

% Change in OI

404

29.15

JINDALSTEL

3,039

24.04

8,167

18.76

CHOLAFIN

ABSLNN50ET

5,454

DIAMONDYD

48,934

INDUSINDBK

AHLWEST

22,065

MRPL

162

16.58

NIFTY

2,52,438

15.12

SYMPHONY

3,98,100

ALKALI

2,80,501

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Daily Report THURSDAY MAY 23 2019

SGX NIFTY (9:00am)

RBI REFERENCE RATE

11887.30

INR / 1 USD

69.72

MCX GOLD

INR / 1 EURO

77.72

31319

INR / 100 Jap. YEN

63.28

USD/INR

INR / 1 POUND Sterling

88.62

69.60 SCRIPS IN BAN TODAY ADANIPOWER IDBI RELCAPITAL

FII DERIVATIVES STATISTICS BUY

OPEN INTEREST AT THE END OF THE DAY

SELL

No. of conNo. of conAmt in Crores Amt in Crores No. of contracts tracts tracts

Amt in Crores

INDEX FUTURES

57201

4557.89

55997

4422.04

284054

23360.49

INDEX OPTIONS

845922

63390.74

874466

65914.34

945328

77026.38

STOCK FUTURES

229660

12761.35

234071

13241.59

1517144

90988.09

STOCK OPTIONS

104220

6034.90

106340

6199.38

157462

9212.81

3032.47

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Daily Report THURSDAY MAY 23 2019

TECHNICAL RECOMMENDATIONS 1. BEL FUTURE (BUY ) PIVOT LEVELS R2

R1

PIVOT

105.47

104.63

103.97

S1

S2

103.13 102.47

BEL FUTURE seems to come upside for this week, as the stock has been in uptrend in previous session .Confirming upside movement. It is bullish on RSI is also giving buy signal. So buy it above 102 for 103 and 104 with strict stop loss of 101.

2. JUSTDIAL FUTURE (BUY ) PIVOT LEVELS R2

R1

PIVOT

S1

S2

734.73

728.37

721.58

715.22

708.43

JUSTDIAL FUTURE as the stock has been trading resistance level ,it is bullish on daily and weekly chart after buying rally ,confirming upside movement. It is bullish on RSI is also giving buy signal .So buy it above 722 for 727 and 732 with strict stop loss 717.

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Daily Report THURSDAY MAY 23 2019

TECHNICAL RECOMMENDATIONS TECHNICAL VIEW : BEL LTD (BUY) PIVOT LEVELS

R2

R1

PIVOT

S1

S2

105.40

104.20

103.60

102.40

101.80

BEL LTD seems to come upside for this week, as the stock has been in uptrend in previous session ,it is bullish on daily and weekly chart and formed flag pattern. RSI also giving buy signal and confirming bullish reversal . So buy it above 102 for 104 and 106 with strict stop loss of 100.

TECHNICAL VIEW : JUSTDIAL LTD CASH (BUY ) PIVOT LEVELS

R2

R1

PIVOT

S1

776.03

769.12

758.08

751.17

S2 740.13

JUSTDIAL LTD as the stock has been trading resistance level ,it is bullish on daily and weekly chart after buying rally ,confirming bullish reversal . It is bullish on RSI is also giving buy signal .So buy it above 745 for 755 and 765 with strict stop loss 735.

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Daily Report THURSDAY MAY 23 2019

TECHNICAL RECOMMENDATIONS 3. NIFTY FUTURE (BUY) PIVOT LEVELS R2

R1

PIVOT

S1

11,966.23

11,925.82

11,891.03

11,850.62

NIFTY FUTURE in trading session

S2

11,815.83 Nifty was 74.85

up Points to close at 11,790.00 ,

0.64

percent

up than the previous day. Chances of bullish phase is high as index is trading above tick average price level in hourly and daily chart . So we advise to buy it above 11800 for the target of 11830 and 11860 with strict stop loss of 11750.

4. BANK NIFTY FUTURE (BUY) PIVOT LEVELS R2

R1

31,495.83

31,320.62

PIVOT

S1

S2

31,102.78 30,927.57 30,709.73

BANK NIFTY with movement of

297.00

points .

Nifty Bank 0.98 percent .Chances of bullish phase is high as index closed above tick average price level . So we advise to buy it above 30700 for the target of 30750 and 30800 with strict stop loss 30650.

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Daily Report THURSDAY MAY 23 2019

PREVIOUS DAY’S PERFORMANCE

CALL

SEGMENT ADVISE

ENTRY

TGT

SL

STATUS

NIFTY

INDEX

BUY

11740

11760 -11800

11700

FINAL TGT

BANKNIFTY

INDEX

BUY

30430

30460 -30500

30400

FINAL TGT

JUSTDIAL LTD

CASH

SELL

710

700-690

720

NOT EXECUTED

CHAMBEL FERTILISERS LTD

CASH

SELL

159

157-155

161

SL

JUSTDIAL FUTURE

FUTURE

SELL

700

695-690

705

1ST TGT

MOTHERSUMI FUTURE

FUTURE

BUY

122

124-126

120

NOT EXECUTED

DISCLAIMER This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document including the merits and risks involved, and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Trade Nivesh shall not be in any way responsible for any loss or damage that may arise.

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