Nifty closed in the red for the fifth straight day. Most of Nifty’s sectoral indices were down by over 1% Only the IT index was trading in the green, maintaining its momentum and supporting the market to ensure that it doesn’t fall further. The market breadth was also negative, with over 1,000 stocks declining.

1. ;
Daily Chart:
Nifty Future Support-
Resistance
R1/R2 11650/11800
S1/S2 11500/11350
Daily Equity
Report
05-9-2018 support@starindiaresearch.com 8817002233
Outlook of Nifty & Bank Nifty Today
Nifty Outlook:-
Nifty closed in the red for the fifth straight day. Most
of Nifty’s sectoral indices were down by over 1%
Only the IT index was trading in the green,
maintaining its momentum and supporting the
market to ensure that it doesn’t fall further. The
market breadth was also negative, with over 1,000
stocks declining.

2. ;
Daily Chart:
Technical Outlook
Bank Nifty Future Support-
Resistance
R1/R2 28410/28550
S1/S2 27820/27450
Top Gainers
TECHM 766
HCLTECH 1,076.00
TCS 2,100.00
INFY 733
Bank Nifty Outlook:-
Bank Nifty began on a good note, but selling began
within the first few minutes of trade in the morning.
Banks were a big drag, but it was the rupee that led
to the big drag. Additionally, sentiment could have
been soured as FPIs cried foul over SEBIs’ circular
asking for KYC compliance for all such cases, failing
which they will have to wind up positions.
Page 1Daily Newsletter
Top Losers
GRASIM 1,022.40
IBULHSGFIN 1,210.00
ULTRACEMCO 4,211.00
ASIANPAINT 1,313.00

3. ;
Stock Corner:
Stock in ban period
Daily Newsletter
ADANIENT
1. Infosys share price rallied on buying demand from investors after the stock adjusted for
bonus issue. The country's second largest IT services provider announced the issue of
bonus shares in the ratio of one equity share for every equity share held and a stock
dividend of one American Depositary Share (ADS) for every ADS held, as on a record date.
The record date for the same is fixed as September 5, 2018.
2. Tata Consultancy Services (TCS), on Tuesday, managed to hit market capitalisation of Rs 8
lakh crore again, following a huge surge in IT stocks. TCS stock hit a fresh 52-week high of
Rs 2,112.
3. Shares of Force Motors slipped nearly 4.7 percent after company reported weak sales
number for the month ended August 2018. The company's total August auto sales
declined 25 percent at 2,083 units against 2,779 units, YoY.
4. Shares of Hathway Cable and Datacom jumped 10 percent after company entered in to
partnership with Netflix to offer video streaming services to its subscribers.
5. Shares of Larsen & Toubro (L&T) Infotech surged 7% to Rs 1,888 on the BSE in early
morning trade on Tuesday after the company’s offer for sale (OFS) on Monday got a
strong response from the institutional investors.
6. Shares of Hikal hit a 52-week high of Rs 192, up 4% on Tuesday, extending its previous
day’s 15% surged on the National Stock Exchange (NSE), after investor Ashish Kacholia
bought nearly 2% stake in the pharmaceutical company via open market.
Page 2

4. ;
Technical outlook of top 2 stocks
 BEML FUT
Stock tanks and closed near around its immediate support which can be seen in below charts
selling pressure may seen in stock if able to give breakouts and sustain below it.
Daily Newsletter
Page 3
INTRADAY
R1 845
Stock InfoR2 870
R3 920 VOLUME 2405000
LEVEL 777.80 DAY HIGH 841.85
S1 750 DAY LOW 781.10
S2 730 MARKET LOT SIZE 500
S3 700 VWAP 805.33
All over trends Sideways to Negative

5. ;
 ORIENTBANK FUT
Stock is heading towards its immediate channel line support as well as closed with big
bearish candle which indicates more selling pressure.
Daily Newsletter Page 4
INTRADAY
R1 85
Stock InfoR2 90
R3 95 VOLUME 14904000
LEVEL 79 DAY HIGH 84.90
S1 75 DAY LOW 79.30
S2 70 MARKET LOT SIZE 6000
S3 65 VWAP 81.57
All over trends Sideways to Negative

6. ;
Event Calendar (03rd
to 08th
Sept)
03/09/18
(Mon)
04/09/18
(Tues)
05/09/18
(Wed)
06/09/18
(Thurs)
07/09/18
(Fri)
08/09/18
(sat)
- Result
MUTHOOTFIN
Result
SREINFRA
Result
RELIGARE
- Result
IFCI
Daily Newsletter
Page 5

7. ;
Daily Newsletter
Page 6
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