Supreme Industries Limited has been trading in a range of Rs 935 and Rs 1000 odd levels for the last couple of weeks. The price has seen a bounce back from the lower levels. Supreme Industries Limited can be bought in between the level 1045-1050 with a stop loss below 969 and will expect a target of Rs 1090-1125 levels in upcoming days.

1. 12/14/2018 Daily Report
When money matters

2. NIFTY 50 INDEX
BANK NIFTY INDEX
VOLATILE SESSION-BULLS
LOOSE CONTROL IN THE
SECOND HALF
Benchmark indices ended the
volatile session on positive
note on Thursday with Nifty
ended below 10,800 level.
Bulls dominated across all
sectors, with maximum gains
seen among realty, media,
PSU banks, and auto sectors.
The Sensex closed up 150.57
points (0.42%) at 35929.64,
while Nifty ended up 53.90
points (0.50%) at 10791.50.
About 1470 shares have
advanced, 1055 shares
declined, and 135 shares are
unchanged.
IBULHSGFIN, GRASIM, BAJAJ
FINSERV, WIPRO, MARUTI
were the top gainers among
Nifty 50 stocks while YES
BANK,SUN PHARMA,UPL
,TATA STEEL,TCS were the
top losers.
On Friday Indian Indices will
likely to open on bullish note.
Later bullish movement will
be expected and trend will be
guided by INR and crude
prices. Keep your eyes on
Banking and IT sector.
Market
Commentary
12/14/2018

3. SUPREME INDUSTRIES LIMITED
Supreme Industries Limited has been trading in a range of Rs
935 and Rs 1000 odd levels for the last couple of weeks. The
price has seen a bounce back from the lower levels. The stock is
currently in the middle of the range and is now trading at a 5-
week high. In the last three trading sessions, the stock has
witnessed good volumes indicating buying interest.
The momentum indicators are in a bullish mode on the daily as
well as on the weekly charts. Supreme Industries Limited can be
bought in between the level 1045-1050 with a stop loss below
969 and will expect a target of Rs 1090-1125 levels in upcoming
days.
Stock to Watch for Friday

4.  GST council may look at reducing tax on third party insurance premium
as per the report. The GST council is expected to meet in the next 10
days to consider various contentious issues, including bringing
petroleum and aviation fuel under its ambit.
The Goods and Services Tax (GST) Council may consider cutting the tax
rate on payment of third-party vehicle insurance premium in order to
"ease the burden on consumers", The Times of India reported. The
newspaper quoted sources as saying that the Prime Minister's Office has
asked the finance ministry (Department of Financial Services) to look
into the issue and "prepare a proposal that can be placed before the GST
council". Third-party insurance premium is taxed at 18 percent right
now, and it is mandatory for every vehicle owner to have a policy.
 The Election Commission of India is preparing to pitch for the
mandatory, legally backed, linking of voter IDs with the Aadhaar
number. The commission will propose amendments to the
Representation of the People Act, 1951, that will require citizens to link
their Electoral Photo ID Card (EPIC) with the 12-digit Aadhaar, while
ensuring privacy protection, said people with knowledge of the matter.
The move is aimed at improving the accuracy of the electoral rolls, they
said, adding that the commission will be sending its suggestion to the
law ministry shortly.
 Infosys US Retail sales executive Naresh Ramamurti quits. Naresh
Ramamurti, among the three sales leads for retail in the US at Infosys
has resigned. Ramamurti, vice president and Regional Head - Americas -
Consumer, Retail and Logistics, has been reporting to Karmesh Vaswani,
who heads the retail business segment globally, a source aware of the
matter told ET. Between 2011 and mid-2017, he was reporting to
Sandeep Dadlani, who quit last year, added the source.
Ramamurti, an Infosys veteran of nearly 15 years in two stints,
confirmed his decision in a LinkedIn post. Ramamurti said he was looking
to solving problems for himself. Ramamurti’s exit comes at a time when
Infosys CEO Salil Parekh has been working on stabilizing the company
and strengthening its sales teams to compete for large deals
News Highlights:

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