24.07.

2018

Market commentary
Continuing its bullish momentum from Monday, led by gains in midcaps, the
market end the day on a strong note. The Sensex and Nifty managed to close at a
record high. The Sensex closed up 106.50 points or 0.29% at 36825.10, while the
Nifty was up 49.50 points or 0.45% at 11134.30. The market breadth is positive as
1,940 shares advanced, against a decline of 675 shares, while 150 shares were
unchanged. Metals ended the day with gains of around 3 percent, followed by
infrastructure, pharmaceuticals, and PSU banks. The Nifty Midcap index managed
to end over a percent higher.
The Nifty50 after opening above 11,100 levels remained positive throughout the
session on global cues, The index forming bullish candle on the daily charts index
break lifetime time high of 11,171 then 11,200 zones

Nifty Daily Chart

R2 R1 Pivot S1 S2
NIFTY
11128 11047 10890 10857 10759
Stock to Watch for Wednesday
Capacite Infra projects Ltd
Daily Chart

Technical Analysis
Capacite Infraprojects Ltd. (CAPACITE) is on the verge of a breakout from the
channel pattern after taking support at the 100% Fibonacci extension level placed
at 245.A sustained trade above 255 can trigger a breakout from the channel
resuming the uptrend. On the hourly chart, the stock has turned upwards after
forming a head and shoulder suggesting bull trend reversal.

Moreover, RSI formed a positive divergence 59.86 & 51.75 with price affirming
bullishness building up in the stock. The stock may be bought in the range of 306-
310 for targets of 340-360, keeping a stop loss below 285.
Market Highlights
 The Reserve Bank of India (RBI) will go for status quo in key policy rates in
its August policy review, the economic research department of country's
largest lender SBI said today. The call is contrary to the expectations of a
majority of analysts predicting for another hike given the rise in inflation
lately, including domestic ratings agency Icra which came out with its
expectation of a hike today.
 Asian Paints on Tuesday posted 30.56 per cent rise in consolidated profit
at Rs 558.02 crore for the quarter ended June 2018. It has posted a net
profit of Rs 427.41 crore in the corresponding quarter last year. ET Now
poll had predicted a net profit of Rs 521 crore. Consolidated revenue from
operations increased to Rs 4,398.59 crore in Q1FY19 over Rs 4,228.26
crore in Q1FY18. Decorative paint business of the company registered
double-digit volume growth. Ebitda on a consolidated basis jumped to Rs
874.40 crore during the quarter under review as against Rs 665.40 crore
in the same quarter last year.

PVR Ltd.Ambuja Cements Ltd.Bharat Heavy Electricals Ltd.Bharti Infratel

Ltd.Canara Bank.HCL Infosystems Ltd.Hero MotoCorp Ltd.IDFC Bank Ltd.IRB
Results Infrastructure Developers Ltd.JSW Steel Ltd.Jubilant Foodworks Ltd.Jyothy
Wednesday Laboratories Ltd.KPIT Technologies Ltd.Larsen & Toubro Ltd.NOCIL Ltd.Oriental
Bank of Commerce.Oriental Hotels Ltd.Reliance Nippon Life Asset Management
Ltd.Sanofi India Ltd.Security and Intelligence Services (India) Ltd.Tata Elxsi
Ltd.Welspun Enterprises Ltd.ADF Foods Ltd.Capital India Finance Ltd.Chemfab
Alkalis Ltd.Crompton Greaves Consumer Electricals Ltd.Dishman Carbogen
Amcis Ltd.Duke Offshore Ltd.Everest Industries Ltd.Gangotri Textile Ltd.GE T&D
India Ltd.GRUH Finance Ltd.SKF India Ltd.Syngene International Ltd.
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.

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.

This material is for personal information and based upon it & takes no responsibility

The information given herein should be treated as only factor, while making investment decision. The
report does not provide individually tailor-made investment advice. Money CapitalHeight Research
Pvt Ltd. recommends that investors independently evaluate particular investments and strategies,
and encourages investors to seek the advice of a financial adviser. Money CapitalHeight Research
Investment AdvisersPvt. Ltd. shall not be responsible for any transaction conducted based on the
information given in this report, which is in violation of rules and regulations of MCX and NCDEX.

The metal’s price projections shown are not necessarily indicative of future price performance. The
information herein, together with all estimates and forecasts, can change without notice. Analyst or
any person related to Money CapitalHeightResearch Investment Advisers Pvt. Ltd. might be holding
positions in the stocks recommended. It is understood that anyone who is browsing through the site
has done so at his free will and does not read any views expressed as a recommendation for which
either the site or its owners or anyone can be held responsible for . Any surfing and reading of the
information is the acceptance of this disclaimer.

All Rights Reserved.

Investment in Commodity and equity market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for
any loss incurred whatsoever for any financial profits or loss which may arise from the
recommendations above. Money CapitalHeight Research Investment Advisers Pvt. Ltd. does not
purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or
Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report
or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If
found so then Serious Legal Actions can be taken.