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1. 24.07.2018
Market commentary
Continuing its bullish momentum from Monday, led by gains in midcaps, the
market end the day on a strong note. The Sensex and Nifty managed to close at a
record high. The Sensex closed up 106.50 points or 0.29% at 36825.10, while the
Nifty was up 49.50 points or 0.45% at 11134.30. The market breadth is positive as
1,940 shares advanced, against a decline of 675 shares, while 150 shares were
unchanged. Metals ended the day with gains of around 3 percent, followed by
infrastructure, pharmaceuticals, and PSU banks. The Nifty Midcap index managed
to end over a percent higher.
The Nifty50 after opening above 11,100 levels remained positive throughout the
session on global cues, The index forming bullish candle on the daily charts index
break lifetime time high of 11,171 then 11,200 zones
Nifty Daily Chart
NIFTY
R2 R1 Pivot S1 S2
11128 11047 10890 10857 10759

2. Stock to Watch for Wednesday
Capacite Infra projects Ltd
Daily Chart
Technical Analysis
Capacite Infra projects Ltd. (CAPACITE) is on the verge of a breakout from the
channel pattern after taking support at the 100% Fibonacci extension level placed
at 245.A sustained trade above 255 can trigger a breakout from the channel
resuming the uptrend. On the hourly chart, the stock has turned upwards after
forming a head and shoulder suggesting bull trend reversal.
Moreover, RSI formed a positive divergence 59.86 &
51.75 with price affirming bullishness building up in the stock. The stock may be
bought in the range of 306-310 for targets of 340-360, keeping a stop loss below
285.

3. Market Highlights
 The Reserve Bank of India (RBI) will go for status quo in key policy rates in
its August policy review, the economic research department of country's
largest lender SBI said today. The call is contrary to the expectations of a
majority of analysts predicting for another hike given the rise in inflation
lately, including domestic ratings agency Icra which came out with its
expectation of a hike today.
 Asian Paints on Tuesday posted 30.56 per cent rise in consolidated profit
at Rs 558.02 crore for the quarter ended June 2018. It has posted a net
profit of Rs 427.41 crore in the corresponding quarter last year. ET Now
poll had predicted a net profit of Rs 521 crore. Consolidated revenue from
operations increased to Rs 4,398.59 crore in Q1FY19 over Rs 4,228.26
crore in Q1FY18. Decorative paint business of the company registered
double-digit volume growth. Ebitda on a consolidated basis jumped to Rs
874.40 crore during the quarter under review as against Rs 665.40 crore
in the same quarter last year.
Results
Wednesday
PVR Ltd.Ambuja Cements Ltd.Bharat Heavy Electricals Ltd.Bharti Infratel
Ltd.Canara Bank.HCL Infosystems Ltd.Hero MotoCorp Ltd.IDFC Bank Ltd.IRB
Infrastructure Developers Ltd.JSW Steel Ltd.Jubilant Foodworks Ltd.Jyothy
Laboratories Ltd.KPIT Technologies Ltd.Larsen & Toubro Ltd.NOCIL Ltd.Oriental
Bank of Commerce.Oriental Hotels Ltd.Reliance Nippon Life Asset Management
Ltd.Sanofi India Ltd.Security and Intelligence Services (India) Ltd.Tata Elxsi
Ltd.Welspun Enterprises Ltd.ADF Foods Ltd.Capital India Finance Ltd.Chemfab
Alkalis Ltd.Crompton Greaves Consumer Electricals Ltd.Dishman Carbogen
Amcis Ltd.Duke Offshore Ltd.Everest Industries Ltd.Gangotri Textile Ltd.GE T&D
India Ltd.GRUH Finance Ltd.SKF India Ltd.Syngene International Ltd.

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