Daily Equity Report 29-11-2018 support@starindiaresearch.com 8817002233 Nifty Future Support- Resistance R1/R2 11000/11200 S1/S2 10770/10580 Daily Chart: Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty rallied over 1 per cent on Thursday on the expiry of November-series futures and options (F&O) contracts, led by a sharp gain in rupee and buying in financial counters. That apart, positive global cues buoyed by US Federal Reserve Chairman Jerome Powell's speech which suggested that the US rate hikes will be gradual, boosted the sentiment further.
Page 1 Bank Nifty Future Support- Resistance R1/R2 27050/27300 S1/S2 26500/26200 Daily Chart: Bank Nifty Outlook:- Bank Nifty surged 481 points in the last hour of trade on Thursday. The index rose 1.8% led by Kotak Mahindra Bank, Federal Bank, IndusInd Bank, and HDFC Bank. Meanwhile, Nifty PSU Bank also advanced as the government will infuse Rs 42,000cr in state-owned banks by end of March 2019, with the next tranche likely to be released as early as December 2018, as per PTI. Earlier this year, the government infused Rs11,336cr in five PSBs: PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank, and Corporation Bank, to enhance their financial health. Technical Outlook Top Gainers BAJFINANCE 2,515.00 KOTAKBANK 1,209.00 BAJAJ-AUTO 2,712.10 HINDALCO 224.85 Top Losers HCLTECH 1,017.00 POWERGRID 180.2 ONGC 141 TECHM 688.8
Page 2 Stock Corner: 1. Shares of Adani Enterprises have moved higher by 8% to Rs 170 on BSE on back of heavy volumes after the company said it will fund the entire cost of its controversial Queensland coal mine and rail project in Australia. Adani Mining's Carmichael mine and rail project will be 100% financed through the Adani Group's resources, Adani Mining CEO Lucas Dow announced in Central Queensland today, Adani Enterprises said in a press release 2. After plunging to a fresh 32-month low of Rs 147 apiece on BSE, the stock of YES Bank staged a recovery towards the end of the trading session on Thursday to settle at Rs 160.45, down 0.77 per cent. During the day, shares of the private sector lender continued to remain under pressure on the BSE in an otherwise firm market, after rating agencies downgraded the bank s rating. 3. Shares of fast moving consumer goods (FMCG) major Hindustan Unilever (HUL) were up 2% at Rs 1,777 per share, rising 14% in the past one month, on expectations of better volume growth/margin delivery against its peers. The stock was trading near its record high level of Rs 1,808 touched on August 20, 2018, on the BSE in intra-day trade. 4. Shares of hotel companies Hotel Leela, Kamat Hotels, Sayaji Hotels, TajGVK and Oriental Hotels rallied up to 20 per cent on BSE in the intra-day trade on Thursday, on expectations of robust growth in the coming years. Stock in ban period NIL.
Page 3 Technical outlook of top 2 stocks BAJAJ-AUTO FUT Stock had given breakouts of its trend line and sustain above it which can be seen in below charts, more buying seen in stock if able to give breakouts of 2744 level INTRADAY R1 2775 R2 2830 Stock Info R3 2880 VOLUME 1168500 LEVEL 2744 DAY HIGH 2730.90 S1 2615 DAY LOW 2602.35 S2 2570 MARKET LOT SIZE 250 S3 2490 VWAP 2672.11 All over trends Bullish
Page 4 BAJFINANCE FUT Stock had taken support from its trend line and given breakouts of its resistance and closed above it which further indicates buying in stock INTRADAY R1 2535 R2 2750 Stock Info R3 2795 VOLUME 5487500 LEVEL 2510 DAY HIGH 2509.55 S1 2415 DAY LOW 2417.90 S2 2345 MARKET LOT SIZE 250 S3 2270 VWAP 2473.13 All over trends Bullish
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