Daily Equity Report 17-8-2018 support@starindiaresearch.com 8817002233 Nifty Future Support- Resistance R1/R2 11510/11600 S1/S2 11350/11200 Daily Chart: Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Markets traded with a negative bias right through the day with the selling pressure intensifying in the second half of the session. Nifty ended the day 46.45 points lower at 11417. Metal and Media stocks bore the brunt in today s trade Market breadth ended in favor of declines with the advance/decline ratio closing at 1:2x.
Page 2 Bank Nifty Future Support- Resistance R1/R2 28100/28400 S1/S2 27800/27400 Bank Nifty Outlook:- Bank Nifty settled lower on weekly expiry led by a fall in the financial stocks after the rupee hit a record low of 70.32 per dollar. Kotak Bank, Bank Baroda, Yes Bank were among the major losers in the Nifty bank Index. Daily Chart: Technical Outlook Top Gainers GAIL 393.5 DRREDDY 2,357.60 SUNPHARMA 621 LUPIN 849.2 Top Losers KOTAKBANK 1,245.00 VEDL 209 ZEEL 500.65 HDFC 1,892.20
Page 3 Stock Corner: 1. Shares of Sun Pharmaceutical Industries hit its 52-week high of Rs 618, up 3% on the BSE in intra-day trade on Thursday, after the company announced that it has received approval for CEQUA from the U.S. Food and Drug Administration (FDA). CEQUA is indicated to increase tear production in patients with keratoconjunctivitis sicca (dry eye). 2. Shares of four companies Bajaj Finance, Bajaj Finserv, GAIL (India) and Infosys from the Nifty 50 index hit their respective new high on the National Stock Exchange (NSE) on Thursday in otherwise range-bound market. 3. Shares of midcap information technology (IT) companies have rallied by up to 15% on the BSE after they reported a good set of numbers for the quarter ended June 2018 (Q1FY18). IT shares are trading higher for the fourth straight day due to persisting weakness in the rupee.the Indian rupee hit record low of 70.32 per dollar on Thursday. 4. Travel company Cox & Kings share price declined 4 percent intraday on Thursday as the firm reported sharp decline in June quarter profit. Profit for the quarter ended June 2018 fell sharply by 34.8 percent to Rs 136.9 crore compared to Rs 210.1 crore in same period last year. Revenue during the quarter rose 14.5 percent to Rs 2,183.9 crore against Rs 1,908.1 crore in corresponding period last year. Stock in ban period ADANIENT, ADANIPOWER, JETAIRWAYS, PNB.
Page 4 Technical outlook of top 2 stocks STAR FUT Stock closed around its crucial resistance which can be seen in below daily charts, if able to sustain above 438 strong buying may seen in stock. INTRADAY R1 510 R2 540 Stock Info R3 585 VOLUME 5203200 LEVEL 438 DAY HIGH 436 S1 400 DAY LOW 417 S2 375 MARKET LOT SIZE 800 S3 340 VWAP 429.93 All over trends Sideways to Positive
Page 5 APOLLOHOSP FUT Trend of stock is bullish as well as gains for the third straight day buying activity may continue if able to break today s day high and sustain above it. INTRADAY R1 1180 R2 1215 Stock Info R3 1240 VOLUME 2773000 LEVEL 1157 DAY HIGH 1156.90 S1 1110 DAY LOW 1112.10 S2 1085 MARKET LOT SIZE 500 S3 1050 VWAP 1139.72 All over trends BULLISH
Page 6 Event Calendar (13 th to 18 th August) 13/08/18 (Mon) 14/08/18 (Tues) 15/08/18 (Wed) 16/08/18 (Thurs) 17/08/18 (Fri) 18/08/18 (sat) Result CARE, DCMFINANCIAL, DHFL, EROSMEIDA, GATI, GODREJIND, JISLJALEQS, OIL, TATASTEEL Result ALBK, ATLANTA, BGRENERGY, COX&KINGS, DBREALTY, GRASIM, HDIL, IDBIBANK - - - - Daily Calls INTRADAY BASIC CALLS DATE Service Stock Name Entry Price Exit Profit/loss 16/08/18 Cash CHOLAFIN 1490 1505 3020 16/08/18 Future APOLLOHOSP FUT 1142 1148 3000 16/08/18 Option UBL 1350 CE 45.10 50.80 5460 HNI CALLS DATE Service Stock Name Entry Price Exit Profit/loss 16/08/18 Cash SONATSOFTW 348 367 27298 16/08/18 Future INDIACEM FUT 110.50 111.70 21000 16/08/18 Option EXIDEIND 295 CE 6.60 8.85 65000 Report by Senior Researcher : Miss Namrata Otwani
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