It was a lackluster week for Indian equity benchmarks as indices struggled to find specific direction amid a truncated week.

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Weekly Equity
Report
06-5-2019 support@starindiaresearch.com 8817002233
Nifty View
It was a lackluster week for Indian equity benchmarks as indices struggled to find specific direction amid a
truncated week. Dismal monthly auto sales figures, disappointing earnings by few heavyweights and weak
global cues weighed on the street’s sentiments. Yes Bank, Dabur, and Britannia missed their respective
quarterly earnings estimates, while, Kotak Bank and Bandhan Bank delivered impressive results.
Daily Chart
By Senior Researcher – Miss Namrata Otwani

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8
Open interest for the week
G
Most Active Nifty option
Scrip Strike price Option type Open Interest
Nifty 11800 CE 2352450
Nifty 11700 PE 1680675
Nifty 12000 CE 1282425
Monday Tuesday Wednesday Thursday Friday
- 19150950 - 18632475 18732300
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Bank Nifty View
Bank Nifty opened positive and gradually extend its gains towards 30,100 zones but failed to the same and drifted
towards 29,950 level. It formed a small Bullish Candle on a daily scale while Doji Candle on a weekly scale. Now till
it holds above 29,750 levels it could extend its gains towards 30,250 zone while on the downside major support is
seen at 29,500 zones.
Weekly Chart
Open interest for the week
Monday Tuesday Wednesday Thursday Friday
- 1737260 - 1654800 1700620
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Most Active Bank Nifty option
Weekly FII DII
FII RS CRORE
DATE GROSS PURCHASE GROSS SALE
NET
PURCHASE/SALE
03- May -19 4034.84 4435.52 -400.68
02- May -19 5759.40 5161.86 597.54
01-May-19 - - -
30-Apr-19 8263.78 8149.19 114.59
29-Apr-19 - - -
DII RS CRORE
DATE GROSS PURCHASE GROSS SALE
NET
PURCHASE/SALE
03- May -19 3476.54 3419.47
54.07
02- May -19 2784.07 3575.76 -791.69
01-May-19 - - -
30-Apr-19 4241.30 3511.25 730.02
29-Apr-19 - - -
Scrip Strike price Option type Open Interest
Bank Nifty 29500 PE 551880
Bank Nifty 29700 PE 428500
Bank Nifty 30000 CE 422340
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SECTOR SCAN
Sector % Chg Advance Decline
Automotive 0.38% 28 50
Banking & Financial Services 0.31% 89 97
Cement & Construction -0.46% 27 63
Chemicals -0.19% 42 62
Conglomerates 0.08% 11 16
Consumer Durables 0.11% 3 8
Consumer Non-durables -1.21% 10 18
Engineering & Capital Goods -0.22% 39 85
Food & Beverages -1.38% 21 54
Information Technology -2.44% 26 73
Manufacturing -0.18% 73 115
Media & Entertainment -1.11% 12 30
Metals & Mining 0.01% 30 49
Miscellaneous 0.12% 83 87
Oil & Gas 0.08% 7 15
Pharmaceuticals -0.81% 29 52
Retail & Real Estate 0.72% 15 31
Services 0.13% 33 49
Telecommunication 1.07% 12 14
Tobacco -0.23% 2 3
Utilities 0.92% 12 11
Sectoral Indices:
Name %change
NIFTY BANK 0.83
NIFTY AUTO 0.57
NIFTY FIN SERVICE 0.42
NIFTY FMCG -1.13
NIFTY IT -1.89
NIFTY MEDIA -0.89
NIFTY METAL -0.14
NIFTY PHARMA -0.76
NIFTY PSU BANK 1.09
NIFTY PVT BANK 0.83
NIFTY REALTY 1.57
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NEWS CORNER
1. Information technology (IT) stocks were trading in the negative intraday on May 3 after the
US-based IT services company Cognizant almost halved its 2019 revenue forecast after
missing first-quarter results estimates, on the back of muted demand for its financial and
healthcare businesses.
2. Shares of DLF surged more than 2 percent after the realty major transferred a shopping mall
in Noida to its subsidiary firm for Rs 2,950 crore. The transfer of DLFMall of India to Paliwal
Real Estate was done at arm's length, as part of efforts to settle dues of its joint venture firm
with GIC.
3. Shares of Britannia Industries fell2 percent intraday Friday after brokerages including CLSA
and Credit Suisse cut the target price after company announced its Q4 earnings. The
company's Q4 net profit was up 12 percent at Rs 294.3 crore against Rs 263 crore. Revenue
was up 10.3 percent at Rs 2,799 crore versus Rs2,537.5 crore.
4. Shares of Tata Motors added nearly 3 percent intraday on May 3 despite the company
reporting muted sales for April 2019. The company in its BSE release said that domestic sales
dropped 20 percent in April 2019, at 42,577 units against 53,511 units YoY. The Mumbai-
based car and truck manufacturer said its commercial sales went down by 18 percent at
29,883 units last month compared to 36,276 units in April2018.
5. Tata Chemicals on May 3 posted a 26.46 per cent jump in its consolidated net profit at Rs
450.10 crore during the fourth quarter of 2018-19 fiscal on strong sales. The company'snet
profit stood at Rs 355.90 crore in the same quarter during previous fiscal. This excludes Rs
854.29 crore profit from its discontinued operations.
6. Shares of Tata Motors added nearly 3 percent intraday on May 3 despite the company
reporting muted sales for April 2019. The Mumbai-based car and truck manufacturer said its
commercial sales went down by 18 percent at 29,883 units last month compared to 36,276
units in April 2018. Sales of medium and heavy commercial vehicles (M&HCV) dropped a
staggering 33 percent. However, the company witnessed a small 1 percent increase, in its
tipper segment, over the year-ago period.
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STOCK OUTLOOK
RECLTD FUT :- Stock tanks for the second consecutive day and closed below its support zone
which further indicates selling pressure in stock.
Stock performance
VWAP 1319.75
Traded Volume 1140750
Traded Value (lacs) 4321.84
Market Lot 6000
Weekly High 149
Weekly Low 143.35
Rating Matrix by Researcher
Rating BUY
R1/R2 150/160
S1/S2 139/130
LEVEL 1327
Stock in ban period
JETAIRWAYS.
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