DAILY EQUITY REPORT 15 MAY 2019

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Nifty Outlook:-Indian equity markets snapped nine-day fall and closed in the green on Tuesday with both Nifty and Bank Nifty ending higher after a volatile trading session.

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Daily Chart: Nifty Future Support- Resistance R1/R2 11350/11500 S1/S2 11100/10950 Daily Equity Report 15-05-2019 supportstarindiaresearch.com 8817002233 Outlook of Nifty Bank Nifty Today Nifty Outlook:-Indian equity markets snapped nine- day fall and closed in the green on Tuesday with both Nifty and Bank Nifty ending higher after a volatile trading session. Bharti Airtel was the top outperformer gaining 6 in the trade after the announcement regarding a hike in its post-paid tariff plans. Reliance Infrastructure IDFC Limited and Eicher Motors were among the top FO gainers due to heavy short covering. Market breadth ended in favor of the advances with advance/decline ratio closing at 1:1x. Market breadth ended in favor of the advances with advance/decline ratio closing at 1:1x.

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Daily Chart: Technical Outlook Bank Nifty Future Support- Resistance R1/R2 29050/29350 S1/S2 28600/28350 Top Gainers IBULHSGFIN 701.85 BHARTIARTL 338.00 SUNPHARMA 420.50 VEDL 161.35 Bank Nifty Outlook:- Bank Nifty closed higher 169.25 points higher at 28829.20. Banking stocks like sbin kotak bank federal bank icicibank pnb performed well during the trading session. Bank nifty has good support around 28600 levels and till it hold this levels we may buy near this support for the targets of 29050 and closing below 28600 may trigger more selling towards 28200 levels . Page 1 Daily Newsletter Top Losers TECHM 792.10 BAJFINANCE 2885.75 TCS 2095.80 HCLTECH 1067.15

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Stock Corner: Stock in ban period Daily Newsletter NIL 1. Indian Bank has reported a net loss of Rs189.77cr for the quarter ended March 31 2019 against a net profit of Rs131.98cr for the same quarter in the previous year. Total income of the bank increased by 11.77 at Rs5537.47cr for the quarter under review as compared to Rs4954.21cr for the quarter ended March 31 2018. 2. The Nifty PSU Bank was trading 1 higher on Friday amid heavy buying seen in Oriental Bank of Commerce JK Bank Indian Bank Union Bank and Bank of India. Shares of Oriental Bank of Commerce and JK Bank which gained 4 and 3 respectively were leading the index’s gain. 3. Besides Bharti Airtel was the top outperformer gaining 6 in the trade after the announcement regarding a hike in its post-paid tariff plans. Reliance Infrastructure IDFC Limited and Eicher Motors were among the top FO gainers due to heavy short covering. The Nifty IT index closed in the red down 1. Page 2

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Technical outlook of top 2 stocks  IBULHSGFIN FUTURE IBULHSGFIN gained and closed near days high is looking strong on charts we may continue to more upside in coming trading sessions. Daily Newsletter Page 3 Page 3 INTRADAY R1 715 Stock Info R2 735 R3 750 VOLUME 10232289 LEVEL DAY HIGH 707.65 S1 690 DAY LOW 652.00 S2 675 MARKET LOT SIZE 500 S3 650 VWAP 685.07 All over trends Sideways to Positive

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 SAIL FUTURE SAIL FUTURE has closed near the days low is looking weak on charts we may continue to more downside in coming trading sessions. INTRADAY R1 49.50 Stock Info R2 50.50 R3 52.00 VOLUME 40357846 LEVEL DAY HIGH 50.50 S1 47.50 DAY LOW 47.55 S2 46.00 MARKET LOT SIZE 12000 S3 45.40 VWAP 48.83 All over trends bearish

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