Market Insight
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Wednesday, May 30th, 2018 MARKET INSIGHT CLOSE PREV CLOSE % CHANGE SUPPORT RESISTANCE 50 DMA 200 DMA NSE 10,614 10,633 0.18 10,664 10,929 10,439 10,317 BANK NIFTY 26,327 26,254 0.28 25,980 26,407 25,014 25,121 SHORT STORY MARKET BREADTH :NEGATIVE TOTAL ADVANCES DECLINES UNCHANGED TRADED “Our favorite holding period is forever” NSE 757 1040 59 1856 MARKET SUMMARY NEW 52 WEEK HIGH NSE LTP 52 WEEK HIGH Markets witnessed a volatile trading session before ending the session on ASTRAL POLY flat a note just by 19 points at 10,614. Initially the index made gap down 1012 1019 opening by 53 points amid concerns about political uncertainty in Italy. M&M 894.50 901 Bank Nifty outperformed today and ended at 26,327 up by 73 points led DMART 1565.50 1571.70 by gains in PSU stocks. NEW 52 WEEK LOW NSE LTP 52 WEEK LOW NIFTY RESISTANCE SUPPORT ABAN 146.30 143.20 O – 10,579 R1 – 10,655.88 S1 – 10,565.63 EVEREADY 250.50 240.10 H – 10,648.50 R2 – 10,697.42 S2 – 10,516.92 GET&D 311 305.60 L – 10558.45 R3 – 10,787.67 S3 – 10,426.67 STOCKS NEAR 52 WEEK HIGH C – 10,614.35 R4 – 10,877.92 S4 – 10,336.42 NSE LTP 52 WEEK HIGH PIDILITE 1187.80 1195.40 BANK NIFTY RESISTANCE SUPPORT HDFC BANK 2048.35 2065 O - 26,039.90 R1 – 26,495.22 S1 -26,070.62 BIOCON 674.90 683 H – 26,405.40 R2 – 26,662.63 S2 – 25,813.43 TATA ELXI 1238.25 1259.90 L – 25,980.85 R3 – 27,087.23 S3 – 25,388.83 DABUR 381.90 389.25 C – 26,327.80 R4 – 27,511.83 S4 – 24,694.23 STOCKS NEAR 52 WEEK LOW NSE LTP 52 WEEK LOW M&M, Bajaj finance, Kotak bank were the major gainers of the day while INGERSOL RSND 554.40 552.05 HPCL, Tata Motors, Hindalco were the major losers of the day. Globally, BHARTI INFRTEL 301.15 298.95 The US markets traded positively by around 1 and a half percent, the AMBUJA CEMENTS 206.20 204.25 European index traded positive nearly 1 % and the Asian index traded SCHNEIDER INFRA 101.45 100.45 negatively by around 2 and a half %.The rupee was trading at 68.08/$ MRPL 94.80 93.75 EVENTS CALANDER CORPORATE ANNOUNCEMENTS EX-DIVIDEND Infosys completes Acquisition Of award winning creative and COMPANY DATE EX-DIVIDEND consumer insight Agency Wongdoody for $75 Mn OBEROI REALTY 31-05-2018 20% FINAL Reliance Jio Infocom will offer internet access, video content and RESPONSIVE IND 31-05-2018 10% FINAL voice calls for less than 1,000 rs a month when it starts fibre-to- PAGE IND 31-05-2018 ND home services later this year OBEROI REALTY 31-05-2018 20% FINAL NCALT had allowed Reliance Infrtel an arm of RCOM and HSBC HDFC BANK 31-05-2018 650% FINAL Daisy Investments (Mauritius) to amicably settle their case out of HATSUN AGRO 31-05-2018 300% INTERIM court as the two parties filed consent terms of the agreement FAZE 3 EXP 31-05-2018 5% INTERIM Indigo reintroduced fuel surcharge of Rs 200-400 on domestic routes YES BANK 26-04-2018 135% FINAL BankBaroda to sell NPA’s worth Rs 2954 cr EX-BONUS RCom offers to pay Ericson Rs500 Cr to settle dispute COMPANY DATE EX-BONUS LGBALAKRISHN 14-06-2018 1:1 Container Corp and Krishnapatnam Port Co have launched a weekly direct container rail service connecting to the countries central region and the eastern region DMART has incorporated a wholly owned subsidiary named Reflect wholesale and retail private limited Disclaimer: The content of Market insight Published by HPMG shares and securities Private Limited (the ‘daily News Letter’) are not intended to serve as a professional advice or guidance and the newsletter takes no responsibility or liability, express or implied whatsoever for any investment decision made or taken by readers of this newsletter based on its content thereof. The readers of this newsletter should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment decision or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this newsletter. 1 .