Daily Market Report 19th June 2019

Domestic Market View

Nifty : Nifty did the same as described in Yesterday Report, Buy on dips in between 11650-625 and it made low of 11641 and bounced 60 points, that’s because option data indicating a pull back from lower levels as highest put option Open interest was on 11700, so who so ever sold 11700 Puts will not let the nifty to go down and close below 11600, so that was the simple buy on dips strategy. Now nifty will likely to be in range of 11650-11850 that’s the range till we get some good or bad news or till we get some more events in market.

Support 11630-550, Resistance 11770-830

FII Bought shares worth Rs 31 Cr. and DII Bought shares worth Rs 181 Cr. VIX at 14.60

Nifty FNO Cues : High Call writing at calls of 11800-850-900 indicating a resistance and Highest open interest in call at 11800 so Market will try to touch level like 800-830 easily but it can’t sustain higher levels.

Bank Nifty : Support at 30250-30100, Resistance 30550-700.

Global Market View

US Index jumped 1% after Trump Tweets about US-China trade talk, European Index closed with heavy gains of 2%. Brent oil Jumped by $2 but still it is not able to cross $62.5. Asian peers closed in small gains. US fed policy today at 11:45 PM IST.

Stocks in News

1. HDFC Bank : RBI slaps 1 Cr. fine on Bank for violating KYC norms. Link
2. PNB : India Rating downgrades “Basel Ill Compliant Tier I Bonds ” Rating to ” IND A/Negative” from ” IND A+/Negative”. Link
3. Ex-Dividend Today : Automobile of goa Rs 17.5, Chemfab Alkalis Rs 1.25, Deepak Nitrate Rs 2, Icici Lombard Rs 6, Rallis India Rs 2.5, Reliance Chemotax  Rs 1, Security & Intelligence Rs 5, Shriram Transport Rs 12.
4. Jain Irrigation : India ratings downgrade long term rating of company to BBB- and outlook on watchlist. Already Alerted to exit this stock on 13th June that it will slide down to Rs 25-18 on telegram channel.
5. Canara Bank to rethink about stake sale in CanFin Homes, Earlier last year they defer the same action.
6. JSW Steel to pledge .69% of their holdings.

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 indicating Gapup  of 35-55 points, Asian peers in Heavy gain upto 1-2%, US futures flat after 1% gain overnight.

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