Technical outlook of top 2 stocks

·        ESCORTS FUT

Stock attracted heavy buying with increased buy side volume and closed above the resistance. The stock may give breakout ahead.

INTRADAY
R1	1015	Stock Info
R2	1020
R3	1025	VOLUME	13181600
LEVEL	1009	DAY HIGH	1008.90
S1	975	DAY LOW	977.75
S2	968	WEEKLY LOW	977.75
S3	945	WEEKLY HIGH	1008.80
All over trends	BULLSIH

·        TORNTPOWER FUT

Stock had given breakouts of its channel pattern and trading above it from last two trading session now resting around its resistance which can be seen in below charts, breakouts were expected.

INTRADAY

R1

261.50

Stock Info

R2

267

R3

275

VOLUME

5424000

LEVEL

253

DAY HIGH

250.60

S1

241.50

DAY LOW

241.65

S2

232.50

WEEKLY LOW

241.65

S3

226

WEEKLY HIGH

250.60

All over trends

SIDEWAYS TO POSITIVE

To Get Free Trial on stock market tips,equity market tips give

Missed call @8817002233,WHATSAPP NO. 8602780449

Mail Us = starindiamarket@gmail.com

visit = https://www.starindiaresearch.com/stock-cash-tips.php

Stock Market Corner

Daily Newsletter

Stock Corner:

1.                   Reliance Industries fell over 3 percent in morning trade as investors reacted to the March quarter results of the firm. Reliance Industries reported a consolidated net profit of Rs 9,459 crore for the March quarter, up 17 percent compared to the same quarter of the previous year.

2.                   Kotak Mahindra Bank reported a 15 percent year-on-year rise in its standalone net profit for the March quarter at Rs 1,124 crore, which was below the Street's estimates.

3.                   HDFC reported a 39 percent jump in net profit to Rs 2,846 crore for the fourth quarter ending March 2018, exceeding expectations despite an increase in the provisions.

4.                   Axis Bank board approves increasing borrowing limit to upto Rs2lakh crore. Also, approves the scheme of amalgamation of Accelyst Solutions & Freecharge Payments Technologies.

5.                   Fortis says Manipal-TPG sought to impose onerous conditions on the company that would cap ability for the competitive bid process.

To Get Free Trial on stock cash tips, equity market tips give

Missed call @8817002233,WHATSAPP NO. 8602780449

Mail Us = starindiamarket@gmail.com

visit = https://www.starindiaresearch.com/stock-cash-tips.php

Daily Equity Report

Outlook of Nifty & Bank Nifty Today

Nifty Outlook:-

Nifty made a strong bull candle formation of a strong bullish candle suggests that the momentum is strong and there is a higher possibility now for the index to hit levels closer to 10900. However, owing to relentless strength displayed by the bulls in the last 5 weeks a pause or minor correction can’t be ruled out going forward.

Nifty Future Support-Resistance

R1/R2

10850/10950

S1/S2

10700/10640

Daily Chart:

Bank Nifty Outlook:-

Bank Nifty shows positive momentum for the third consecutive day after RBI further liberalised ECB policy which help strong buying PSU banks. PSU bank Index gains around 2 percent.  For now 25780-25800 seen as an immediate resistance for Bank Nifty while on lower side 25400 will act as a support.

Bank Nifty Future Support-Resistance
R1/R2	25780/26150
S1/S2	25400/25000

Daily Chart:

Technical Outlook

Top Gainers
YESBANK	360.95
TCS	3,529.00
KOTAKBANK	1,212.70
HINDUNILVR	1,502.00

Top Losers
AXISBANK	518.5
RELIANCE	963.5
UPL	732
GAIL	325.55

To Get Free Trial on stock market tips,nifty trading tips give

Missed call @8817002233,WHATSAPP NO. 8602780449

Mail Us = starindiamarket@gmail.com

visit = https://www.starindiaresearch.com/nifty-bank-nifty-tips.php

अप्रैल में जीएसटी कलेक्शन 1 लाख करोड़ के पार

इकोनॉमी और सरकार के लिए राहत देने वाली खबर आई है। अप्रैल में जीएसटी कलेक्शन 1 लाख करोड़ रुपये के पार चला गया है। सरकार बड़ी बेसब्री से अप्रैल के कलेक्शन का इंतजार कर रही थी क्योंकी मार्च में आमतौर पर टैक्स कलेक्शन के आंकड़े ज्यादा होते हैं।

गौरतलब है कि अप्रैल में कुल जीएसटी कलेक्शन 1.03 लाख करोड़ रुपये रहा है। अप्रैल में कुल सीजीएसटी कलेक्शन 18652 करोड़ रुपये और कुल आईजीएसटी कलेक्शन 50548 करोड़ रुपये रहा है। आईजीएसटी कलेक्शन में 21246 करोड़ रुपये का इंपोर्ट शामिल है। इसी तरह अप्रैल में कुल एसजीएसटी कलेक्शन 25704 करोड़ रुपये और जीएसटी सेस कलेक्शन 8600 करोड़ रुपये रहा है।

बता दें कि आमतौर पर मार्च में टैक्स के आंकड़े ज्यादा होते हैं। मार्च के बाद अब अप्रैल में भी जीएसटी कलेक्शन 1 लाख करोड़ रुपये के पार पहुंचने पर सरकार को बड़ी राहत मिली है। ई-वे बिल लागू होने से बढ़त जारी रहने का अनुमान है। औसत मासिक कलेक्शन 1.12 लाख करोड़ का सरकारी लक्ष्य है। अगस्त 2017-मार्च 2018 की अवधि में 7.19 लाख करोड़ का जीएसटी कलेक्शन हुआ है जिसमें 1.19 लाख करोड़ सीजीएसटी और 1.72 लाख करोड़ एसजीएसटी शामिल हैं। वहीं, आईजीएसटी के तौर पर 3.66 लाख करोड़ रुपये की वसूली हुई है।

अधिक जानकारी के लिए कृपया हमसे संपर्क करें 8817002233 or whatsapp no. 8602780449  http://www.starindiaresearch.com/freetrail.php

Sensex, Nifty shut today on account of Maharashtra Day

The country’s pioneer stock exchanges, BSE and the National Stock Exchange (NSE), are shut on Tuesday on account of Maharashtra Day.

As a result, there will be no trading in the equity market. All wholesale commodity markets, including those of metals and bullion, will remain closed as well.

The foreign exchange and commodity futures markets will also not conduct any kind of trading.

Benchmark indices on Monday closed at three-month high levels, driven by gains in technology and FMCG stocks, and the HDFC twins.

Liberalisation of norms for external commercial borrowing by the RBI, correction in crude oil prices and positive global cues also boosted sentiment.

The 50-share NSE Nifty ended above 10,700 for the first time since February 2, rising 47.10 points to 10,739.40.

The index rallied 6.2 percent in April, following a correction of more than 8 percent in the last two months.

On the technical charts, the Nifty made a strong bull candle. Formation of a strong bullish candle suggests that the momentum is strong and there is a higher possibility now for the index to hit levels closer to 10,900, experts suggested.

The index has been forming higher highs and higher lows on the daily scale over the last three trading sessions, which indicates that supports are gradually shifting higher.

However, owing to relentless strength displayed by the bulls in the last 5 weeks a pause or minor correction can’t be ruled out going forward. Traders should keep a stop below 10,600 for all long positions, experts reckoned.

To Get Free Trial on stock market tips,equity market tips give

Missed call @8817002233,WHATSAPP NO. 8602780449

Mail Us = starindiamarket@gmail.com

visit = https://www.starindiaresearch.com/stock-cash-tips.php