Daily Equity Report. Outlook of Nifty & Bank Nifty Today. Daily Chart: Nifty Future Support- Resistance

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1 Daily Equity Report Nifty Future Support- Resistance R1/R /11800 S1/S /11350 Daily Chart: Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty closed in the red for the fifth straight day. Most of Nifty s sectoral indices were down by over 1% Only the IT index was trading in the green, maintaining its momentum and supporting the market to ensure that it doesn t fall further. The market breadth was also negative, with over 1,000 stocks declining.

2 Page 1 Bank Nifty Future Support- Resistance R1/R /28550 S1/S /27450 Daily Chart: Bank Nifty Outlook:- Bank Nifty began on a good note, but selling began within the first few minutes of trade in the morning. Banks were a big drag, but it was the rupee that led to the big drag. Additionally, sentiment could have been soured as FPIs cried foul over SEBIs circular asking for KYC compliance for all such cases, failing which they will have to wind up positions. Technical Outlook Top Gainers TECHM 766 HCLTECH 1, TCS 2, INFY 733 Top Losers GRASIM 1, IBULHSGFIN 1, ULTRACEMCO 4, ASIANPAINT 1,313.00

3 Page 2 Stock Corner: 1. Infosys share price rallied on buying demand from investors after the stock adjusted for bonus issue. The country's second largest IT services provider announced the issue of bonus shares in the ratio of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date. The record date for the same is fixed as September 5, Tata Consultancy Services (TCS), on Tuesday, managed to hit market capitalisation of Rs 8 lakh crore again, following a huge surge in IT stocks. TCS stock hit a fresh 52-week high of Rs 2, Shares of Force Motors slipped nearly 4.7 percent after company reported weak sales number for the month ended August The company's total August auto sales declined 25 percent at 2,083 units against 2,779 units, YoY. 4. Shares of Hathway Cable and Datacom jumped 10 percent after company entered in to partnership with Netflix to offer video streaming services to its subscribers. 5. Shares of Larsen & Toubro (L&T) Infotech surged 7% to Rs 1,888 on the BSE in early morning trade on Tuesday after the company s offer for sale (OFS) on Monday got a strong response from the institutional investors. 6. Shares of Hikal hit a 52-week high of Rs 192, up 4% on Tuesday, extending its previous day s 15% surged on the National Stock Exchange (NSE), after investor Ashish Kacholia bought nearly 2% stake in the pharmaceutical company via open market. Stock in ban period ADANIENT

4 Page 3 Technical outlook of top 2 stocks BEML FUT Stock tanks and closed near around its immediate support which can be seen in below charts selling pressure may seen in stock if able to give breakouts and sustain below it. INTRADAY R1 845 R2 870 Stock Info R3 920 VOLUME LEVEL DAY HIGH S1 750 DAY LOW S2 730 MARKET LOT SIZE 500 S3 700 VWAP All over trends Sideways to Negative

5 Page 4 ORIENTBANK FUT Stock is heading towards its immediate channel line support as well as closed with big bearish candle which indicates more selling pressure. INTRADAY R1 85 R2 90 Stock Info R3 95 VOLUME LEVEL 79 DAY HIGH S1 75 DAY LOW S2 70 MARKET LOT SIZE 6000 S3 65 VWAP All over trends Sideways to Negative

6 Page 5 Event Calendar (03 rd to 08 th Sept) 03/09/18 (Mon) 04/09/18 (Tues) 05/09/18 (Wed) 06/09/18 (Thurs) 07/09/18 (Fri) 08/09/18 (sat) - Result MUTHOOTFIN Result SREINFRA Result RELIGARE - Result IFCI

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