DAILY REPORT 07-05-2019

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Daily Chart: Nifty Future Support- Resistance R1/R2 11660/11750 S1/S2 11500/11450 Daily Equity Report 10-04-2019 supportstarindiaresearch.com 8817002233 Outlook of Nifty Bank Nifty Today Nifty Outlook:- After a continuous decline for eight sessions the index recovered after dipping below 11600 last Wednesday. The recovery of 200 points toward 11800 has seen the index head towards its 50 per cent retracement which is at 11851. The reversal may see the index face selling pressure in the range of 11850 – 11860 which also coincides with 200-day moving average DMA.

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Daily Chart: Top Gainers/Losers Bank Nifty Future Support- Resistance R1/R2 30000/30150 S1/S2 29500/29200 Top Gainers HINDALCO 203.50 2.31 HINDUNILVR 1706.50 2.25 POWERGRID 193.15 1.42 COALINDIA 254.50 1.25 Bank Nifty Outlook:- Although Niftybank breached trend line level in daily chart the index holds strong a support of the 200 DMA located at 29610 levels. It is decisively trading above the same average from mid-November last year. The immediate resistance comes at 30000 level its 50 DMA. The Bearish Engulfing Candlestick pattern suggests any breach of 30150 levels may further trigger a fall to its support of 30000 levels. Page 1 Daily Newsletter Top Losers BPCL 373.55 -4.30 BHARTIARTL 325.60 -2.35 IOC 153.45 -2.07 ASIANPAINT 1389.00 -1.68

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Stocks Corner: Stocks in ban period Daily Newsletter JETAIRWAYS 1. The month of May has traditionally been a volatile period for Indian equities especially in election years. In the last 10 years since 2008 the benchmark indices the SP BSE Sensex and the Nifty50 have gained seven out of 10 times with the outcome of the election acting as a key driver to the market movement. 2. Bharti Airtel: Bharti Airtel posted a 29 per cent jump in net profit to Rs 107 crore for the quarter ended March 2019 even as the Street had anticipated a loss in the range of Rs 700 crore. The company said the jump was mainly due to gains from exceptional items. 3. 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 2685 crore a year-ago padded with Rs 3320 crore of profit from stake sale in ICICI Securities. 4. Marico: Homegrown FMCG major Marico on Monday posted over two-fold increase in consolidated net profit at Rs 405 crore for the fourth quarter of 2018-19 aided by one- time write-back of tax provisions amounting to Rs 188 crore. 5. Infosys’ shares are likely to get support from the ongoing buyback process after the announcement of its fourth quarter results on April 12 as the company has bought back only around one tenth of the shares out of its planned repurchase programme till March 31. Page 2

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Technical outlook of top 2 stocks  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. Daily Newsletter Page 3 INTRADAY R1 825 Stock Info R2 832 R3 845 VOLUME 848148 LEVEL 820 DAY HIGH 821 S1 810 DAY LOW 800 S2 800 MARKET LOT SIZE S3 795 VWAP All over trends Sideways to Positive

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 BIRLACORPN Stock had given breakouts of its resistance and sustain near around it buying may continue in stock. Daily Newsletter Page 4 INTRADAY R1 545 Stock Info R2 555 R3 560 VOLUME 103421 LEVEL 676 DAY HIGH 544 S1 538 DAY LOW 528 S2 530 S3 525 All over trends Bullish

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