Daily Market Report 18th June 2019

Domestic Market View

Nifty : As expected Selloff continued In Monday also, Critical levels was 11770, the movement it crossed this, then more selling pressure was there, Selling in Large caps is going on from Friday sessions, FNO data again indicating more weakness in short term, Market will try to form Bottom 11625-575 before Pre budget rally which may start from 24-28th June. Support at 11630-500 & Resistance at 11760-820. Now critical level is 11500, If market closes below this critical level then slide upto 200-250 possible.

FII Sold sares worth Rs 331 Cr. DII Bought shares worth Rs 1257 Cr. ( If we adjust Piramal stake sell in Shri ram transport then this DII value also would be in Negative). VIX at 14.65.

Nifty FNO cues : As per 20th June Expiry, Option data indicating a base at 11700-650 and upside resistance at 11800-850. So a dip upto 11650-600 a good buying zone, this information for those who understand option data. (These Option data works well in stable market, if there is any news then these option data will change drastically).

Bank Nifty :  Major Sell off started in Bank nifty on friday and then it spread to Nifty on monday, Now Bank nifty is at Crucial support. Bank nifty will try to bottom out at 30120, Critical level is at 30000. Support at 30120-30000 & Resistance 30440-650.

Global Market View

US Index closes in Slight Green mark, Brent below $61, Fed policy starts today, outcome at tomorrow night ( IST). Asian Peers closed in green as China leaders will meet ministers of  North Korea later in this week.

Stocks in News

1. Sovereign Gold Bonds : Listing of Sovereign Gold Bonds 2019-20 Series I on 18th June. Link
2. HDFC AMC : The Company has decided to provide a liquidity arrangement to certain fixed
   maturity plan schemes of HDFC Mutual Fund. Link They will get hit upto 500 Cr. Slight negative for share, but positive as per goodwill of company.
3. Ex-Dividend Today : Mas Financial Dividend of Rs 5.1, Polycab Dividend of Rs 3.
4. DHFL : Paid Interest of 57 Cr. Link
5. Max India : Released Pledge of 2.75 Cr. shares. Its just a small part, Big part is still in pledge.
6. Stocks In FNO Ban : IDBI, PcJeweller, Reliance Capital, Reliance Infra.
7. Jet Airways : Now company is in NCLT. Garbage company following foot steps of Kingfisher. Share price will go down to Rs 45-25-10.
8. McLeod Russel : ICRA Downgrade rating to BBB- Link

Change in Circuit Limits

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.

One Can track our Short/Medium Term shares, all details is there in the attached Excel sheet. Google Drive Tracking sheet.

8:00 AM: SGX Nifty flat, US Index Futures flat to positive, Brent oil flat to negative, Asian peers also  trading in small range.

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