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1. 21.05.2018
Market commentary
The Benchmark Indices Sensex closed 232 points lower today and Nifty ended 79
points lower at 10516 as the political uncertainty in Karnataka ahead of general
elections next year. Rising oil prices and higher US bond yields also dampen
sentiment amid earnings season. The rupee weakened against the US dollar on
worries of higher oil prices and tracking losses in Asian currencies. The pharma,
metal, auto and realty sectors dragged the indices lower. SBI, TCS, Coal India and
ICICI Bank were top gainers, whereas Sun Pharma, Dr. Reddy’s Labs, Yes Bank and
Tata Motors were among the major losers.
On Tuesday Nifty maybe at the index value of 10515 to a
maximum value of 10673 and minimum value at 10348. The sectors which will be
on the greener side are financial services, banking sectorand realty sector.
Nifty Daily Chart
Nifty
R2 R1 Pivot S1 S2
10673 10607 10564 10498 10455

2. Stock to Watch for Tuesday
Graphite India Limited
Daily Chart
Technical Analysis
The stock has formed the rounding bottom pattern on the daily
time frame. It is also facing the resistance at the level of 813. If the volume will be
high on the buying side then the stock will move upwards. The parabolic SAR also
shows that the dots are below the price level and hence the stock will go higher.
The MACD is also about to cross the signal line. The relative strength index has
also recovered from the oversold position and is rising higher which again
indicates buying.
Buy Graphite above 815 with target around 835-840 and the
stop loss at 795.35.

3. Market Highlights
 Prime Minister Narendra Modi on Monday landed in Russia's Sochi for an
informal summit with Russian President Vladimir Putin. When the two
leaders meet, some of the US' moves might form the crust of their
discussion. Modi and Putin will primarily focus on pressing global issues,
including the possible repercussions of US sanctions against Russia under
the Countering America's Adversaries through Sanctions Act (CAATSA) on
Indo-Russia defence cooperation and the impact of the US withdrawal
from the Iran nuclear deal.
 Petrol price on Sunday touched a record high of Rs 76.24 per litre and
diesel climbed to its highest ever level of Rs 67.57. Petrol was the costliest
in Mumbai where high local taxes led to a price of Rs 84.07 per litre. Diesel
was the costliest in Hyderabad, where it was priced at Rs 73.45 a litre,
again due to high local taxes. However, the Finance Ministry on Friday
virtually ruled out reducing excise duty on petrol and diesel in the near
future.
 The outbreak of Nipah virus in the southern state of Kerala has put the
Kerala health department on high alert. At least nine people have died in
Kerala's Calicut district due to high fever with two out of the nine deceased
were affected with the rare Nipah virus. Kerala Health Secretary Rajiv
Sadanandan told IANS that they have now got the confirmation from
the National Institute of Virology, Pune. The health department has,
however, not confirmed the cause of the death of the other seven patients
and sent their samples for tests.
Results on
Tuesday
SBI, Bata India VIPInd, Cipla,Dr Reddy DCW, Andhra Bank, Capital Trust,
BoschLtd,BharatForge, Hind Petro , L&T, SonataSoft, MindaInd CareRating,
Symphony , MafatlalFin,KMSugar,Ballarpur TVSshrichak, IGARashi, ,Gepil,Salasar,
Gulshan Polyols,AplaApollo,IOC,HerculesVardhmanHoldings,Shripiston,
Triturbine, Ratnamani,SunclayLtd,Euromulti,FutureConsumer,Radiocity,
KesarEnterprises,TainwalaChem,Ortel,BLS,Genuspaper,HCG,Jamna Auto,
Marathon, Kiocl, , Dhanuka, Orient Abra,TPL Plasteh,Hitech Pipes, AllCargo

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