;
Daily Chart:
Nifty Future Support-Resistance
R1/R2 10800/10950
S1/S2 10640/10500
Daily Equity
Report
09-5-2018 [email protected] 8817002233
Outlook of Nifty & Bank Nifty Today Nifty Outlook:-
Nifty began the day on a higher note as advanced its
gains to over 10,750 mark. But bulls could not get
the momentum going further and the bears soon
took over in the afternoon. Indices turned red in the
afternoon trade before a battle between bears and
bulls ensured that the indices ended flat.
;
Daily Chart:
Technical Outlook
Bank Nifty Future Support-Resistance
R1/R2 26300/27000
S1/S2 25500/25000
Top Gainers
ICICIBANK 308.5 HINDPETRO 305.55 EICHERMOT 30,400.00
BPCL 393
Bank Nifty Outlook:-
Bank Nifty trades higher for the second consecutive
day and ends the day with Doji candle on daily
charts. ICICI Bank stole the limelight as the stock
gained over 8 percent intraday and closed 7 percent
higher. The bank, as such, reported 50 percent drop
in its net profit for the March quarter,
Page 2 Daily Newsletter
Top Losers M&M 865.25
LT 1,364.90 INFY 1,167.50 ZEEL 592.8
;
Stock Corner: 1. Fortis Healthcare receives revised offer from Manipal Healthcare. The hospital chain
operator has appointed Arpwood Capital to advise on sale bids. Shareholders, meanwhile,
approve the acquisition of RHT Health Trust assets.
2. UltraTech submits a fresh offer of Rs7840cr for Binani Cement. The lenders are expected
to meet today to discuss UltraTech’s new bid.
3. Jubilant Foodworks, operator of Domino’s Pizza in India, posted a net profit of Rs 68.1
crore against Rs 6.7crore posted during the corresponding quarter of last year.
4. Godrej Consumer Products' Q4 FY18 consolidated net profit rose 59.2 percent year-on-
year to Rs 617 crore led by strong performance by its soaps business. The company
reported revenue at Rs 2,529 crore compared to Reuters estimates of Rs 2,587 crore.
5. INOX Leisure Limited reported a 12% growth in revenue from operations at Rs 323.6
crore for the Q4FY18. Earnings before interest, taxes, depreciation and amortization
(EBITDA) was at Rs 43.9 crore, 75% higher than the corresponding quarter last year.
Stock in ban period
Daily Newsletter Page 3
BALRAMCHIN, DHFL, IRB, JETAIRWAYS, JUSTDIAL, WOCKPHARMA.
;
Technical outlook of top 2 stocks
SRF FUT
Stock is being trading on its long term buy trend and formed bullish consolidation around the
resistance level. the stock may give breakout and continue to trade higher.
Daily Newsletter
Page 4
INTRADAY R1 2450
Stock Info R2 2500 R3 2550 VOLUME 1111000
LEVEL 2435.30 DAY HIGH 2427
S1 2285 DAY LOW 2311.10
S2 2175 WEEKLY LOW 2302
S3 2125 WEEKLY HIGH 2427
All over trends BULLISH
;
BPCL FUT
Stock had formed double bottom formation on daily chart with sustainable buy side volume. the
stock fut is expected to trade higher in coming trade session too.
Daily Newsletter Page 5
INTRADAY R1 413
Stock Info R2 425 R3 450 VOLUME 11163600
LEVEL 397.35 DAY HIGH 396.40
S1 380 DAY LOW 383.35
S2 370 WEEKLY LOW 375
S3 360 WEEKLY HIGH 396.40
All over trends Sideways to Positive
;
Event Calendar (07th May to 12th May)
Daily Calls
INTRADAY BASIC CALLS
DATE Service Stock Name Entry Price Exit Profit/loss
08/05/18 Future BATAINDIA FUT 797 799.7 2940
08/05/18 Future JUBLFOOD FUT 2660 2680 25000
08/05/18 Option PIDILITIND 1100 CE 20 21.50 1500
HNI CALLS
DATE Service Stock Name Entry Price Exit Profit/loss 08/05/18 Future EXIDEIND FUT 264.4 265.60 66000 08/05/18 Option MINDTREE 1020 CE 47 53.70 62400 08/05/18 Option DCBBANK 200 CE 7.50 8.25 16875
07/05/18 (Mon)
08/05/18 (tues)
09/05/18 (wed)
10/05/18 (thurs)
11/05/18 (Fri)
12/05/18 (sat)
Result
EXIDEIND, ICICIBANK, TATACHEM, VIJYABANK
ETC.
Result
ABB, HEG,
JUBLFOOD, SINTEX,
SKFINDIA, SPARC ETC.
Result
ARVIND, EICHERMOT,
JUBILANT, SINTEX ETC
Result
ADANIENT, ASIANPAINT,
KRBL, MPHASIS,
TATACOMM, TITAN ETC
Result
DENBANK, HAVELLS,
NDTV, NILKAMAL,
SUNTV, UCOBANK ETC
Result
PTCINDIA ETC.
Daily Newsletter
Page 6
Report by Senior Researcher – Miss Namrata Otwani
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Daily Newsletter Page 7
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