Daily Market Report 13th June 2019

Domestic Market View

Nifty : Support 11840-11760, Resistance 11960-12000. Yesterday Market came down to support levels of 11880 but it never bounced on intraday basis due to selling pressure in Asian peers. Today Weekly expiry is there so high movement will be there.

Bank Nifty : Support 30800-30650, Resistance 31200-31400

FII sold shares worth 1050 Cr. and DII bought shares worth 271 Cr. VIX at 14.12 cooling down, that means there will be no high fluctuation in market, Market will trade in some range, with positive conditions. Weekly Option  Expiry Today

Global Market View

US Index closed with slight Negative points, ranging from -.10 -.35%. Brent oil down by 4% in yesterday Session, closed below $60 multi month low. Yesterday Hong Kong Index down by 2% due to political tension.

Stocks in News

1. Jet Airways : All FNO contracts will expire on 28th June, No new FNO contract after 28th June, Scrip will shift to Trade to Trade category where circuit limit is 5% and margin requirement is 100%. Link
2. Listing of Equity shares of Prakash Pipes Ltd. on 14th June 2019. Link 
3. Reliance Nippon Life Nippon Asset Management Ltd : Offer for sale at Floor price of Rs 212, For non Retail offer open on 13th June and for Retails Offer open on 14th June. Link
4. Retail Inflation at Seven months high at 3.05%. IIP from negative to positive 3%.
5. Sintex Industries Defaulted on 90 Cr. Repayment on Bonds. Link Stock already in our Garbage list.
6. Sail : Govt. meeting next week to sell 3 loss making plants.
7. DHFL :  Paid one more Interest of NCD on time. Link
8. Adani Green : Offer for sale today open for Retails today, Floor price at Rs 43. Link
9. Confidence Petro : To list share in NSE exchange, earlier company was listed on BSE. Link
10. Norwegian fund to offload 1% stake in ONGC, OIL, Indian Oil, Reliance Industries so heavy movement will be there in all these stocks. Stake sale today or tomorrow, no proper news, better to avoid trading in these four stocks.

Change in Circuit Limits

Stocks For Buying

No New Buying today, One Can track our Short/Medium Term shares, all details is there in the attached Excel sheet. Google Drive Tracking sheet.

Stocks Near Breakout

1. V-Guard : If closes above 245-250 with Heavy Volume then it’s a good Breakout.
2. TCS : If closes above 2270 with Heavy Volume then it’s a good Breakout.
3. Nestle : If closes above 11750 with Heavy Volume then it’s a good Breakout.
4. Raymond : If closes above 870 with Heavy Volume then it’s a good Breakout.
5. JM Financial : If closes above 96 with Heavy Volume then it’s a good Breakout.
6. GHCL : If closes above 272 with Heavy Volume then it’s a good Breakout.
7. Indian Hotel : If closes above 160-162 with heavy volume then it’s a good Breakout.
8. Gail : If closes above 360 with heavy volume then it’s a good Breakout.

Stocks Near Support

1. Radico Khaitan : Stock in selling pressure, it will take support of 250-260, only then buy or average as per according to your risk profile.
2. UBL : Stock bounced from support of 1320, Company overall good for long term.

Sector To Buzz Today in Positive side

Aviation Sector (Spicejet) , OMC  (BPCL and HPCL), Paints Sector (Kansai, Berger, Asian Paints) Mainly because of Heavy fall in Crude.

8:00 AM : SGX indicating flat to negative opening, Asian peers in Heavy selling pressure due to some news on trade wars China, Hongkong and Japan down 1%.

You can check some new links in our website mainly for Retail Investors to Check Result, Dividend on regular basis.

1. Dividend Calendar Link
2. Economic Calendar Link
3. Earning Calendar Link

Other ways to connect to us.

Website : www.cityinvestwisely.com
Facebook Page : https://www.facebook.com/cityinvestmentservices
Telegram Equity Channel : https://t.me/cityinvest
Telegram FNO Channel : https://t.me/cityfno
Telegram Equity Group for Discussion : https://t.me/Stocktalkdiv
Telegram FNO Group for Discussion : https://t.me/Fnotalkdiv
Quora : https://www.quora.com/profile/Divish-Saini-2
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