;

Daily Chart:

Nifty Future Support-Resistance

R1/R2 11185/11250

S1/S2 11090/10950

Daily Equity

Report

27-7-2018 support@starindiaresearch.com 8817002233

Outlook of Nifty & Bank Nifty Today Nifty Outlook:-

The benchmark indices ended at their record highs

on expiry of July F&O contracts. Once the Nifty

closes above the 11,185 mark, expect this to become

the new support level for the index. The next

resistance could come in at 11250 levels, a sure shot

extension level of swing seen from 9,960(bottom of

March 23) to 10,947 (top of May 15) and from

10,947 to 10,408 (bottom of May 23).

;

Daily Chart:

Technical Outlook

Bank Nifty Future Support-Resistance

R1/R2 27430/27665

S1/S2 27050/26680

Top Gainers

SBIN 289.25 EICHERMOT 28,300.00 POWERGRID 182.1

GRASIM 1,021.50

Bank Nifty Outlook:-

Star performer in today’s session was Bank Nifty

gaining 1.39%. The rally was led by PSU Bank stocks

after Canara Bank posted better than expected Q1

earnings; ICICI Bank also posted strong gains

ending 4.13% higher. Nifty PSU Bank Index

managed to end the day 5.53% higher.

Page 2 Daily Newsletter

Top Losers YESBANK 367.45 MARUTI 9,390.00

IOC 159.5 HINDPETRO 276.9

Page 3

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Stock Corner:

Stock in ban period

Daily Newsletter

NIL

1. Maruti Suzuki India closed around 4% lower to at Rs 9,390 on the NSE, after the company

reported lower-than-expected 26.9% growth in net profit at Rs 19.75 billion in June

quarter (Q1FY19). The country’s largest car maker had profit of Rs 15.56 billion in year

ago quarter.

2. Shares of YES Bank have slipped 6% to Rs 359 per share on the BSE on profit bookings

after the bank reported 30.5% year on year (yoy) jumped in net profit at Rs 12.6 billion in

June quarter (Q1FY19) on the back of healthy growth in net interest income (NII) & other

income.

3. Cement stocks firmed up during Thursday’s afternoon trade after reports emerged that

the SC has given its conditional approval to petcoke import. Incidentally, petcoke is used

as an alternative to coal in cement manufacturing.

4. Idea Cellular stocks rallied after the Department of Telecommunications (DoT) gave the

final go-ahead for its merger with Vodafone India.

5. Shares of Indiabulls Housing Finance were trading higher over 2% and hit 3-month high

in the afternoon trade.

6. Dr.Reddy's Labs today announced its decision to launch Hervycta (Trastuzumab), a

biosimilar of Roche's Herceptin in India. This is mainly for the treatment of HER2-positive

cancers (early breast cancer, metastatic breast cancer, and metastatic gastric cancer).

7. State-run Canara Bank reported a surprising 11.9% rise in Q1FY19. Net profit was

Rs281cr for the three months ended June 30, compared with Rs252cr a year ago. Due to

the optimism surrounding the results, the bank surged at over 4%.

;

Technical outlook of top 2 stocks

BALKRISIND FUT

Tyre stocks were in demand as well stock as stock showed buying activity in today’s trading

session. Resistance breakouts could be seen in coming session.

Daily Newsletter

Page 4

INTRADAY R1 1275

Stock Info R2 1315 R3 1330 VOLUME 1349600

LEVEL 1236 DAY HIGH 1231.55

S1 1190 DAY LOW 1192.65

S2 1165 MARKET LOT SIZE 800

S3 1135 VWAP 1209.69

All over trend Bullish

;

MARICO FUT

Stock heading towards its all time high which can be seen in below charts, breakouts could be seen

in coming sessions.

Daily Newsletter Page 5

INTRADAY R1 370

Stock Info R2 375 R3 380 VOLUME 5280600

LEVEL 366 DAY HIGH 364.90

S1 360 DAY LOW 356

S2 350 MARKET LOT SIZE 2600

S3 340 VWAP 361.11

All over trends Bullish

;

Event Calendar (23rd July to 28th July)

Daily Calls

INTRADAY BASIC CALLS

DATE Service Stock Name Entry Price Exit Profit/loss

26/07/18 Cash RITES 214 220 8333

26/07/18 Future RELIANCE FUT 1119 1122 3900

26/07/18 Option SRTANSFIN 1300 CE 75 80.80 4980

HNI CALLS

DATE Service Stock Name Entry Price Exit Profit/loss 26/07/18 Future EXIDE FUT 271 272.30 26000 26/07/18 Cash HAVELLS 615 630 24390 26/07/18 Option SRTRANSFIN 1300 CE 42 56.20 62400

23/07/18 (Mon)

24/07/18 (tues)

25/07/18 (wed)

26/07/18 (thurs)

27/07/18 (Fri)

28/07/18 (sat)

Result ACC

DELTACORP, GRANULES, HINDZINC,

LT, UNITES SPIRITS,

WELCORP, VIJAYABANK

Result ASIANPAINT, HEXAWARE,

KRBL, NETWORK18,

RADICO

Result AMBUJACEM,

INFRATEL, BHEL,

CANBK, DISHMAN,

GRUH, JSWSTEEL, JUBLFOOD

Result BHARATFIN, BHARTIARTL,

BIOCON, CESC,

DRREDDY, ITC,

MARUTI, RSSOFTWARE

Result HCLTECH, ICICIBANK, ONMOBILE

Result JKCEMENT,

NTPC

Daily Newsletter

Page 6

Report by Senior Researcher : Miss Namrata Otwani

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Daily Newsletter Page 7

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