The document provides a daily outlook and analysis of the Nifty and Bank Nifty indices in India. It notes that the Nifty fell over 500 points due to losses in bank and financial stocks after the RBI cut rates by 25 basis points but provided no significant measures to address liquidity issues. Bank Nifty is expected to see further movement based on the upcoming RBI policy announcement. Top gainers and losers are also listed.

1. ;
Daily Chart:
Nifty Future Support-
Resistance
R1/R2 12007/12129
S1/S2 11815/11744
Daily Equity
Report
07-06-2019 support@starindiaresearch.com 8817002233
Outlook of Nifty & Bank Nifty Today
Nifty Outlook:- Sensex tanked over 500 points
intraday, extending its losses even after the
Reserve Bank of India (RBI) decided to cut the
repo rate by 25 bps. The benchmark was dragged
by bank and financial services stocks that traded
lower. A downward revision of FY20 GDP growth
forecast and no major measure to address
liquidity conditions for NBFCs dented sentiment,
suggest experts.

2. ;
Daily Chart:
Technical Outlook
Bank Nifty Future Support-
Resistance
R1/R2 31425/31871
S1/S2 30708/30437
Top Gainers
COALINDIA 271.2
TITAN 1,270.00
HEROMOTOCO 2,793.90
NTPC 136.8
Bank Nifty Outlook:-
Bank Nifty closed almost flat at 30980.25. Next
trigger for bank nifty is RBI policy which will be
announced on 06 June 2019, we are of the opinion
that RBI may tread cautiously and therefore cut
rates by 25 bps. We advise buying on dips near
30200 levels for the targets of 30900 with
stoploss of 29990 levels.
Page 1Daily Newsletter
Top Losers
GAIL 317.1
IBULHSGFIN 734.9
INDUSINDBK 1,526.00
YESBANK 143.85

3. ;
Stock Corner:
Stock in ban period
Daily Newsletter
IDBI
1. Muthoot Capital Services Limited completed a securitization transaction of Rs140.37cr on
May 31, 2019. It may please be noted that this was the first securitization / direct assignment
transaction carried out by the Company during the FY19-20.
2. The Adani Ports and Special Economic Zone said in the filing on Tuesday that the company
board has approved the proposal for the buy-back by the company of up to 3.92cr equity
shares from the equity shareholders of the company as on June 21, 2019, at a price of Rs500
per equity share for an aggregate amount not exceeding Rs1,960cr.
3. Shares of Motherson Sumi soared 3% on the BSE in Tuesday’s afternoon session. ~13 lakh
shares changed hands in a block deal. Also, shares of ITC was trading marginally higher at
Rs279.70 on the BSE. Around 12.7 lakh shares of the company have changed hands in a block
deal.
4. Indian Oil Corporation Limited (lndian Oil), Bharat Petroleum Corporation Limited (BPCL)
and Hindustan Petroleum Corporation Limited(HPCL) have signed an Agreement for
formation of a Joint Venture Company for implementation and subsequent operation of 2757
Km long LPG Pipeline from Kandla, Gujarat to Gorakhpur, UP. Indian Oil, BPCL and HPCL
would have 50%, 25% and 25% equity holding in the JV Company.
Page 2

4. ;
Technical outlook of top 2 stocks
 ORIENTBANK FUTURE
ORIENTBANK gained and closed strong above 100 levels , we may continue to more upside in
coming trading sessions.
Daily Newsletter
Page 3
INTRADAY
R1 106
Stock InfoR2 108
R3 110 VOLUME 15474905
LEVEL DAY HIGH 107.50
S1 98 DAY LOW 98.70
S2 95 MARKET LOT SIZE 7000
S3 92 VWAP 103.43
All over trends Sideways to Positive

5. ;
 INDIACEM FUTURE
INDIACEM FUTURE has closed near the days low, is looking weak on charts , we may
continue to more downside in coming trading sessions.
INTRADAY
R1 105.00
Stock InfoR2 108.00
R3 110.00 VOLUME 12354853
LEVEL DAY HIGH 109.25
S1 98.00 DAY LOW 101.50
S2 95.00 MARKET LOT SIZE 4500
S3 92.00 VWAP 103.98
All over trends bearish
Page 4Daily Newsletter

6. ;
Daily Newsletter
Page 5
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