Technical outlook of top 2 stocks

·        MCX FUT

MCX Future closed near around its resistance as well closed with big bullish candle, buying may continue.

INTRADAY

R1

941

Stock Info

R2

963

R3

1005

VOLUME

3475500

LEVEL

875.20

DAY HIGH

874.80

S1

845

DAY LOW

815.80

S2

810

MARKET LOT SIZE

700

S3

770

VWAP

857.15

All over trend

Sideways to Bullish

·        DABUR FUT

Stock gains for the 4^th consecutive day and closed at all time high due to positive news flows, buying activity may seen from current levels.

INTRADAY
R1	430	Stock Info
R2	435
R3	440	VOLUME	53402500
LEVEL	423	DAY HIGH	429.55
S1	395	DAY LOW	396
S2	385	MARKET LOT  SIZE	2500
S3	375	VWAP	412.49
All over trends	Bullish

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Stock Market Corner

Stock Corner

1.                   Public sector lender Bank of India has reported first quarter profit growth at 8.4 percent year-on-year despite rising provisions and weakening asset quality, beating analyst expectations. Profit during the quarter increased to Rs 95.1 crore compared to Rs 87.7 crore in same period last fiscal. Strong growth net interest income and tax credit helped the bank report profit for the quarter but apart from higher provision, lower other income and operating income restricted profit growth.

2.                   Dabur India has reported a consolidated total income from operations of Rs 2,080.68 crore and a net profit of Rs 329.22 crore for the quarter ended Jun-2018. For the quarter ended Jun 2017 the consolidated total income from operations was Rs 1,790.06 crore and net profit was Rs 264.14 crore.

3.                   Tata Motors is expected to post a 93 percent year-on-year decline in its consolidated net profit for the June quarter because of weak growth in subsidiary Jaguar Land Rover's sales and declining margins. Tata Motors, which is India's largest automotive company, gets 90 percent of its net profit from the two iconic British brands. Jaguar Land Rover's retail (dealer-to-customer) sales grew 5.9 percent on year during the June quarter to 145,510 units.

4.                   V-Guard Industries has reported a standalone total income from operations of Rs 634.89 crore and a net profit of Rs 34.40 crore for the quarter ended Jun-2018. For the quarter ended Jun 2017 the standalone total income from operations was Rs 559.53 crore and net profit was Rs 23.25 crore.

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Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-

Nifty had formed an Inside Bar on the weekly chart in the penultimate week. Last week, the pattern broke out on the upside, leading to significant upside. On the way up, the benchmark index has crossed its record high of 11,375 and entered into uncharted territory. In case of the Nifty, the swing low of 11185 now becomes a major support.

Nifty Future Support-Resistance
R1/R2	11400/11500
S1/S2	11290/11220

Daily Chart

Bank Nifty Outlook:-

Bank Nifty ends on flat to negative note. The star performer in today’s session was the PSU Bank stocks, after the strong earnings posted by Bank of Baroda. The Nifty PSU Bank Index managed to end the day 4.3% higher. ICICI Bank also reacted positively to its earnings numbers, ending the day 4.83% higher.

Bank Nifty Future Support-Resistance
R1/R2	27875/28075
S1/S2	27615/27400

Daily Chart

Technical Outlook

Top Gainers
TECHM	680
DRREDDY	2,130.00
RELIANCE	1,184.15
HINDUNILVR	1,733.00

Top Losers
AXISBANK	548.2
IBULHSGFIN	1,295.95
EICHERMOT	27,798.00
HDFC	1,988.80

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