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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. DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Investment in Stocks has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it & takes no responsibility whatsoever for any financial profit s or loss which may arise from the recommendations above. The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Highlight Investment Research does not purport to be an invitation or an offer to buy or sell any financial instrument. Analyst or any person related to Highlight Investment Research. might be holding positions in the stocks recommended. 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