Download Daily Equity Report - Highlight Investment Research

2017
Daily Equity Report
23TH MAY, 2017
Prepared By: Highlight Investment Research
Email: [email protected]
www.highlightinvestment.com
A SEBI Registered Company
NIFTY
9386.15 (-52.10) -0.55 %
NSE Nifty closed at 9386 down by 52 points, whereas BSE Sensex closed lower by 205
points at 30,365 on Tuesday.BSE Mid-cap index closed lower by 1.56% at 14,240.88.
BSE Small-cap index closed lower by 1.89% at 14,769.86. India VIX closed higher by
8.9% at 12.2 levels. Maruti Suzuki India, Mahindra & Mahindra, Eicher Motors, Wipro
and HCL Technologies are the top Nifty Gainers, whereas Adani Ports, Cipla, Coal
India and Tata Power are the top Nifty Losers. Despite starting on an optimistic note,
the Nifty faced difficulty in approaching the highest Call base and witnessed profit
booking. After retracing almost 50 points from the high, the index ended only 10 points
higher. Nifty futures ended at a premium of 6 points. India VIX fell 1 percent, ending at
11.2.
Nifty Daily Chart
Symbol
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
RES.2
RES.3
52W
HIGH
52W
LOW
NIFTY
9358
9390
9402
9455
9475
9486
9519
9537.75
7678.35
BANK NIFTY:-
22582.80(-70.05) -0.31%
The index continued to feel the heat above 22800 and again saw a round of profit
booking above those levels. However, it has been holding firmly above the sizeable Put
base of 22500. We feel the index is likely to find support. Once the rollover activity picks
up, the index will move towards the highest Call base. PSU Banks were trading in red
on the bourses whereas the private banks were trading in green. The top banking
losers are Bank of India, Vijaya Bank, Allahabad Bank and Syndicate Bank.
Bank Nifty Daily Chart
Symbol
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
RES.2
RES.3
52W
HIGH
52W
LOW
BANK
NIFTY
22472
22597
22642
22767
22898
22943
23068
22985.80
16186.25
MARKET STATISTICS:TOP GAINERS:Company Name
High
Low
Prev Close
% GAIN
MARUTI
M&M
EICHERMOT
WIPRO
HCLTECH
6910
1338.35
27900
529
870.80
6743.45
1300
27120.55
520.20
859.15
6701.70
1306.25
27189.90
521.20
857.45
2.48%
1.69%
1.43%
0.90%
0.86%
TOP LOSERS:Company Name
High
Low
Prev Close
% Loss
ADANIPORTS
AUROPHARMA
CIPLA
SUNPHARMA
BAJAJ-AUTO
355.60
578.50
558.80
630.85
2928
328.50
538
531.25
589.10
2812
354.45
575.15
563.10
640.15
2914.15
-6.71%
-6.11%
-5.35 %
-3.87%
-3.49%
INDIAN MARKET
Company Name
LAST PRICE
CHANGE
CHANGE %
S&P BSE SENSEX
30365.25
-205.72
-0.68%
NIFTY 50
9386.15
-52.10
-0.56%
S&P BSE MIDCAP
14240.88
-226.22
-1.59%
EUROPEAN MARKET
Company Name
LAST PRICE
CHANGE
CHANGE %
DAX
12688.41
68.95
0.54%
CAC 40 INDEX
5361.22
38.34
0.72%
FTST100
7508.48
12.14
0.16%
MARKET NEWS:-
.
Mid & smallcap stocks crack; 10 stocks which can give up to 50% return.
The mid & smallcap stocks came under pressure on Tuesday with some stocks correcting as
much as 20 percent in intraday trade. The S&P BSE Midcap and Smallcap indices corrected
over 2 percent compared to 0.5 percent fall in the Nifty50.The fall in the mid and smallcap
stocks was largely in line with expectations and investors should not get worried about the
strength of the market. Instead, dips should be used to buy into quality stocks. Many midcap
companies were trading at valuations which some would term expensive; hence, some bit of
consolidation was required. Investors should brace for some volatility in the broader market
in near-term. The fall was on expected lines. It is part of the regular bull market that we are
going through. I don’t think there is any cause for worry, instead, it is time to get investors to
get their shopping list out,” Sanjay Dutt, Director, Quantum Securities said in an interview
with CNBC-TV18.“The correction could last for some more time. I think 9,300-9400 on the
Nifty50 should hold. A lot of people still have left out feeling and fresh money could start
getting deployed at 9,200-9,300 levels,” he said. We have collated a list of 10 stocks from
different brokerage which investors can buy on dips for a minimum investment period of 12
months.
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