;

Daily Chart:

Nifty Future Support-Resistance

R1/R2 10820/10880

S1/S2 10690/10530

Daily Equity

Report

22-6-2018 support@starindiaresearch.com 8817002233

Outlook of Nifty & Bank Nifty Today Nifty Outlook:-

Nifty ended lower after consolidation, as investors

monitor trade developments between US and China.

IOC, HPCL and BPCL gained 3-4% on correction in

crude oil prices. ICICI Bank and Reliance Industries

gained more than a percent while HDFC Bank rose

half a percent. Selling pressure only seen if able to

close below 10690 mark.

;

Daily Chart:

Technical Outlook

Bank Nifty Future Support-Resistance

R1/R2 26800/27060

S1/S2 26200/25900

Top Gainers

IOC 172.05 BPCL 426

HINDPETRO 318.4 ICICIBANK 297.95

Bank Nifty Outlook:-

Bank Nifty ended lower on weekly expiry. Nifty PSU

Bank index ended nearly 2% lower led by a fall in

the shares of Syndicate Bank, Union Bank of India

and Punjab National Bank. Bank Nifty managed to

closed above 20 DMA on daily charts to close at

26469.9.

Page 2 Daily Newsletter

Top Losers M&M 883.1

INFRATEL 278.95 DRREDDY 2,318.00

TITAN 871

;

Stock Corner:

Stock in ban period

Daily Newsletter Page 3

CGPOWER, DHFL, INFIBEAM, JPASSOCIAT.

1. Shares of Bank of Maharashtra hit a record low after a media report suggested that the

Economic Offences Wing (EOW) arrested Ravindra P. Marathe, the Chairman and

Managing Director (CMD) of the bank, in a case of Rs 30 billion fraudulent loans extended

to Pune's DSK Group.

2. Shares of restaurant company Jubilant FoodWorks and personal products firm Emami

have turned ex-bonus in the ratio of 1:1 today.

3. Shares of Manpasand Beverages are locked in upper circuit, after the company said that

its board will meet on June 27, to consider audited financial results for the quarter and

year ended March 31, 2018 and to recommend dividend.

4. Shares in India's Punjab National Bank fell as much as 3 percent on Thursday, a day after

Reuters reported the bank's internal investigation into its $2 billion fraud had found

widespread risk-control and monitoring lapses in many areas of the bank.

5. Shares of cement companies were under pressure with most of the frontline stocks

hitting 52-week lows on concerns of a delay in the pickup of demand trends, lower-than-

expected pricing realizations and higher-than-expected increases in costs.

6. State Bank of India’s Managing Director B Sriram given additional charge of MD and CEO

of IDBI Bank for three months.

7. InterGlobe Aviation clarified that it has not received summons from the Enforcement

Directorate for FEMA violation.

;

Technical outlook of top 2 stocks

BALRAMCHIN FUT

Trend of stock is bearish as well as stock trading near around its immediate support breakouts

could be seen in coming session.

Daily Newsletter

Page 4

INTRADAY R1 72

Stock Info R2 76 R3 83 VOLUME 8116600

LEVEL 66.30 DAY HIGH 72.05

S1 63 DAY LOW 66.80

S2 58 MARKET LOT SIZE 3500

S3 55 VWAP 68.80

All over trend Bearish

;

UJJIAVAN FUT

Stock had given breakouts of its slopping trend line support and closed around its important

support if given breakouts than selling pressure can seen in stock.

Daily Newsletter Page 5

INTRADAY R1 400

Stock Info R2 410 R3 420 VOLUME 2536000

LEVEL 372 DAY HIGH 396.70

S1 365 DAY LOW 372.20

S2 355 MARKET LOT SIZE 1600

S3 350 VWAP 377.36

All over trends Sideways to Negative

;

Event Calendar (18th June to 23rd June)

Daily Calls

INTRADAY BASIC CALLS

DATE Service Stock Name Entry Price Exit Profit/loss

21/06/18 Cash MPHASIS 1085 1115 8219

21/06/18 Option PIDILITIND 1060 PE 16.30 24.80 12500

21/06/18 Future RELIANCE FUT 1023 1022 4000

HNI CALLS

DATE Service Stock Name Entry Price Exit Profit/loss 21/06/18 Cash INFY 1245 1255 8032 21/06/18 Future WOCKPHARMA 728 733.40 24300 21/06/18 Option MINDTREE 1020 CE 14.20 15.95 2100

11/06/18 (Mon)

12/06/18 (tues)

13/06/18 (wed)

14/06/18 (thurs)

15/06/18 (Fri)

16/06/18 (sat)

- - - - - -

Daily Newsletter

Page 6

Report by Senior Researcher : Miss Namrata Otwani

;

Daily Newsletter Page 7

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