Outlook of Nifty & Bank Nifty Today

1. ; Daily Equity Report 21-06-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Benchmark indices extended rally Nifty Future Support- Resistance in late trade with the Sensex rising 513.82 points or 1.31 percent to 39,626.56 and the Nifty climbing 147.50 points or 1.26 percent to 11,839. 11923/11991 R1/R2 Indian indices are trading at day's high level in the afternoon trade on June 20.At 14:02 hrs IST the 11728/11600 S1/S2 Sensex is up 269.96 points at 39382.70 while Nifty Daily Chart: is up 73.90 points at 11765.40.

2. ; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Bank Nifty closed at 30774 .The Nifty PSU Bank index and Nifty pvt bank closed marginally in the green. Banknifty is trading near the lower band and 30200 is strong support. If it closes above this level we may see more upside. We suggest buying on dips near 30700 levels with stricts stoploss of 30300 for the targets of 31200 to 31500 levels , but below 30300 more downside. 30960/31152 R1/R2 30430/30086 S1/S2 Daily Chart: Technical Outlook Top Losers Top Gainers YESBANK IBULHSGFIN INDUSINDBK SUNPHARMA UPL WIPRO ADANIPORTS BRITANNIA 870 286.75 402.25 2,838.00 115 603 1,438.00 389

3. ; Daily Newsletter Page 3 Stock Corner: Jet Airways shares shot up 150 percent intraday on June 20 amid short covering ahead of order from National Company Law Tribunal on insolvency plea filed by State Bank of India. The stock hit an intraday high of Rs 82.75 after hitting a record low of Rs 27 (down 33.1 percent intraday) in the morning. In a bid to deal with agrarian distress and boost the farm sector, Finance Minister Nirmala Sitharaman's budget 2019-20 might announce interest-free short-term loans to farmers, a 1. senior government official told Moneycontrol. This Budget ( to be presented in Parliament on July 5, 2019) may allow farmers to seek short-term new agriculture loans up to Rs 1 lakh,” the official said. The Tata group is unlikely to bid for Air India as legacy issues could create problems in the acquisition later Business Standard reported. The group will instead focus on their existing joint ventures with foreign airlines Vistara and AirAsia India, the report said. Yes Bank shares showed smart recovery after falling to double digits for first time in the last five years on June 20, largely because of short covering. The stock gained 10 percent intraday, and recovered 15 percent from day's low. It had fallen 4 percent to Rs 98.75, the lowest level since May 2014, in the morning before recovery, on top of 5.5 percent decline in the previous session amid worries over its exposure to debt-laden companies. 2. 3. 4. Stock in ban period DHFL,IDBI,JETAIRWAYS,PCJEWELLER,RELINFRA

4. Daily Newsletter ; Page 4 Technical outlook of top 2 stocks YESBANK FUTURE YESBANK gained and closed strong above 115 levels , we may continue to more upside in coming trading sessions. INTRADAY R1 R2 R3 121 127 138 104 92 86 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 138828.58 116.20 99 1750 108.35 LEVEL S1 S2 S3 All over trends Sideways to Positive

5. ; Daily Newsletter Page 5  VGUARD FUTURE VGUARD FUTURE has closed near the days low, is looking weak on charts , we may continue to more downside in coming trading sessions. INTRADAY R1 R2 R3 236 243 250 221 214 207 bearish Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 8109.63 236.35 220.65 3000 226.21 LEVEL S1 S2 S3 All over trends

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