Market Review: Indian markets ended with small losses on negative global stocks. The barometer index, the S&P BSE Sensex, fell 32.83 points or 0.08% to settle at 38,690.10. The Nifty 50 index fell 15.10 points or 0.13% to settle at 11,676.80. Trading was volatile as traders rolled over positions in the F&O segment from the August 2018 series to September 2018 series. Bank Nifty: Bank Nifty faces immediate resistance around the 28230 levels on the upside and on a decisive close above, expect rise to 28370/28470 levels. There is an Immediate support at 27960/27830 levels. Nifty Technical Outlook Nifty is expected to open on flattish note and likely to witness sideways move during the day. Technically, Nifty is in uptrend quoting a new high on mostly every alternate trading day indicates positive view. Nifty may face some profit booking at the higher levels. Also the fact that Nifty is finding support at 11600-11570 levels from where we may witness a bounce back rally. Overall up trend will be intact as long as it stays above 11540 mark on closing basis. Trade with the strict stoploss at higher levels. Action: Nifty has an immediate resistance at 11700 and on a decisive close above expect rise to 11740/11770 levels. Stocks With Positive bias Stocks With Negative bias UPL,TATASTEEL,WOCKPHARMA SIEMENS,CASTROL.AUROPHARMA,IRB Page 1 of 5
Niffty 50 stocks: SUPPORT / RESISTANCE LEVEL Name CLOSE S2 S1 Pivot R1 R2 NIFTY 11676.8 11600 11640 11670 11700 11740 BSE SENSEX 38690.1 38450 38570 38700 38820 38930 BANKNIFTY F 28094.2 27830 27960 28100 28230 28370 ADANIPORTS 383.8 375 380 384 389 393 ASIANPAINT 1378.7 1359 1369 1384 1394 1409 AXISBANK 649.8 633 641 652 660 670 BAJAJ-AUTO 2701.7 2663 2683 2703 2722 2742 BAJAJFINSV 6929.9 6848 6889 6941 6982 7035 BAJFINANCE 2926.8 2874 2901 2947 2973 3020 BHARTIARTL 383.1 372 378 381 387 391 BPCL 363.4 355 359 362 366 369 CIPLA 649.5 636 643 647 654 659 COALINDIA 285.6 281 283 287 289 293 DRREDDY 2380.2 2348 2364 2391 2407 2434 EICHERMOT 27602.2 26943 27273 27881 28211 28819 GAIL 376.2 358 367 373 382 389 GRASIM 1074.0 1055 1065 1073 1082 1090 HCLTECH 1016.6 1002 1009 1021 1028 1040 HDFC 1934.2 1906 1920 1942 1956 1978 HDFCBANK 2066.1 2046 2056 2072 2082 2098 HEROMOTOC O 3223.7 3185 3204 3230 3249 3275 HINDALCO 240.3 233 237 239 243 245 HINDPETRO 253.1 248 251 254 257 260 HINDUNILVR 1772.9 1744 1759 1769 1783 1794 IBULHSGFIN 1262.3 1241 1251 1267 1278 1293 ICICIBANK 344.4 335 340 343 347 350 Name CLOSE S2 S1 Pivot R1 R2 INDUSINDBK 1875.7 1843 1859 1883 1900 1924 INFRATEL 284.4 278 281 284 287 289 INFY 1416.2 1386 1401 1411 1426 1437 IOC 154.3 153 153 155 156 157 ITC 319.9 311 315 318 322 325 KOTAKBANK 1278.1 1256 1267 1274 1286 1293 LT 1346.6 1332 1339 1351 1358 1370 LUPIN 893.7 871 882 891 902 911 M&M 983.0 970 977 984 990 998 MARUTI 9205.8 9065 9136 9253 9323 9440 NTPC 169.7 163 167 169 172 174 ONGC 177.5 173 175 179 181 184 POWERGRID 197.0 190 194 196 199 202 RELIANCE 1274.5 1254 1264 1281 1291 1307 SBIN 308.6 304 306 308 311 313 SUNPHARMA 640.0 615 627 635 647 655 TATAMOTORS 259.4 256 258 260 262 264 TATASTEEL 608.4 584 596 603 615 622 TCS 2082.4 2058 2070 2078 2090 2097 TECHM 731.9 713 722 730 739 746 TITAN 878.4 867 873 882 888 897 ULTRACEMCO 4426.4 4360 4393 4419 4452 4478 UPL 696.2 677 686 693 702 709 VEDL 230.0 224 227 229 232 234 WIPRO 299.0 292 295 298 301 304 YESBANK 361.8 352 357 363 368 374 ZEEL 508.7 501 505 507 511 514 Source: Nirmal Bang Research Page 2 of 5
Technical call updates Reco Stock Name (Buy/Sell) Entry price Targets Stop Loss Duration Status PRAKASH BUY 152.80 162 148 BTST OPEN SEQUENT BUY 71.9 77 69.5 BTST OPEN Page 3 of 5
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