Nifty fell sharply in late morning deals, but rebounded in afternoon to close marginally higher on June 13.

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Daily Chart:
Nifty Future Support-
Resistance
R1/R2 11967/12015
S1/S2 11853/11788
Daily Equity
Report
14-06-2019 support@starindiaresearch.com 8817002233
Outlook of Nifty & Bank Nifty Today
Nifty Outlook:- Nifty fell sharply in late morning
deals, but rebounded in afternoon to close
marginally higher on June 13. The index ended
above 11,900 after testing logical support of
11,815 and formed Hammer pattern on daily
charts that indicates declines are being bought
near the lower band of the trading range.

2. ;
Daily Chart:
Top Gainers/Losers
Bank Nifty Future Support-
Resistance
R1/R2 31178/31347
S1/S2 30753/30496
Top Gainers
IBULHSGFIN 694.7 11.86
ZEEL 352.95 2.95
BPCL 387.9 1.81
GRASIM 903 1.65
Daily Newsletter Page 1
Top Losers
YESBANK 116.6 -13.47
INDUSINDBK 1,497.35 -4.62
UPL 1,003.35 -1.7
IOC 160.4 -1.32
Bank Nifty Outlook:- Bank Nifty managed to hold
multiple supports of 30,600 and witnessed a
strong recovery of 400 points towards 31,000.
The index closed 10.40 points higher at 30,976.10
and formed a Hammer candle near the lower
band of the trading range. The pattern indicates
support based buying and now it has to hold
above 31,000 to witness an upmove towards
31,313 then31,500 while on the downside major
supports exists at 30,750 then 30,600,
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Stocks Corner:
Stocks in ban period
Daily Newsletter
IDBI,PCJEWELLER,RELCAPITAL,RELINFRA
1. The promoters of Dewan Housing Finance Corporation (DHFL) might sell half
of their stake to a 'strategic investor', according to a Business Standard report. Kapil
Wadhawan, who leads the promoter group, is willing to step down as Managing Director,
if required, to run the company jointly, the article added. The Wadhawan family currently
holds 39.21 percent stake in DHFL.
2. HGINFRA posted a 15.1% YoY growth in revenue in Q4FY19 to `5.8 bn, due to muted
execution. The EBITDA margin was up 46 bps YoY to 16.1% (116 bps above our
estimate), primarily due to a lower construction cost at 76.6% of revenue, which was
partially offset by higher employee and other expenses. The PAT was up 2.1% YoY to `367
mn (19.5% below our estimate), due to a higher tax rate of 37.6% vs. 21.1% (Q4FY18).
3. Yes Bank co-founder Rana Kapoor on June 13 took to Twitter to state that he has no plans
to come back to the bank's board.It was reported by The Economic Times that Kapoor had
written to the bank seeking re-entry to the board as well as several crores in
compensation for a loss of remuneration.
4. India's second largest IT services firm Infosys June 10 said it has set up an experience
design and innovation studio in Shoreditch, London. The facility will provide space for
Infosys and its clients to ideate, collaborate and innovate together by combining design
and the latest technology offerings, including artificial intelligence, augmented
reality/virtual reality, Internet of Things and 5G, Infosys said in a statement.
5. Shares of Bharat Petroleum (BPCL) plummeted more than 5 percent, while shares
of Hindustan Petroleum (HPCL) fell more than 3 percent intraday on May 21 despite the
oil refining majors reporting strong Q4 numbers.
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Technical outlook of top 2 stocks
 DISHTV FUT
Stock had given breakouts of its resistance and able to sustain above it which can be seen in
above charts further strong is expected.
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Daily Newsletter Page 4
INTRADAY
R1 31.70
Stock InfoR2 32.57
R3 34.03 VOLUME 4946.28
LEVEL 410 DAY HIGH 31
S1 29.43 DAY LOW 28.80
S2 27.97 MARKET LOT SIZE 8000
S3 27.13 VWAP 29.84
All over trends Sideways to Negative

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 GRASIM FUT
Stock had given breakouts of its resistance and sustain near around it buying may continue
in stock.
Daily Newsletter
INTRADAY
R1 916
Stock InfoR2 931
R3 954 VOLUME 13442.10
LEVEL 153.50 DAY HIGH 907.50
S1 879 DAY LOW 869.70
S2 855 MARKET LOT SIZE 750
S3 841 VWAP 886.43
All over trends Bullish
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