Overview on 07.06.2019: Indian Indices are trading with negative bias.

Nifty support at 11,770 & resistance

at 11,870 zones.

Nifty is trading negative at 11,813 (-0.25%). If Nifty crosses and sustains above 11,870, it would see
further buying, which could lead the index towards 12,130-12,180. Supports at 10770 – 10670 zones. Long
term trend remains bullish and should be traded with buy-on-decline sentiment.

Bank-Nifty is trading negative at 30,766 (-0.3%). Support zone at 30,600 – 30,400 should attract short
covering. Continued bullish on strength above 30,550 targeting 32,600. Trend remains bullish and should be
traded with buy-on-decline sentiment.

USD/INR FUT (June) is trading positive at 69.37 (-0.06%). Sustenance below 69.40, Rupee may appreciate
further till 69 marks. Resistance is seen at 69.90.

Apart from REALTY & PSU BANK; all other indices are trading in red. Bullish on FMCG & PSUBANK. Bearish on
PHARMA.

Economic Events
Time Cur. Event Forecast Previous
Holiday CNY China - Tuen Ng Day
43 min JPY Leading Index 96.1 95.9
17:00 INR Bank Loan Growth 13.00%
17:00 INR Deposit Growth 10.40%
17:00 INR FX Reserves, USD 419.99B
18:00 USD Manufacturing Payrolls (May) 5K 4K
18:00 USD Nonfarm Payrolls (May) 185K 263K
18:00 USD Unemployment Rate (May) 3.60% 3.60%

Running Calls:
Descriptions CMP
(Positional): CADILAH bearish at CMP 242/- SL above 248/- TGT 230/-. 243
(Positional): SUNPHARMA bearish below 406/- SL above 415/- TGT 386/-. 397
(Positional): HAVELLS bullish at CMP 770/- SL below 757/- TGT 796/-. 781
(Positional): RECLTD looks good CMP 149.50 till 158. Stop Loss Below 145.50 150
(Positional): INFY looks good CMP 744 till 775. Stop Loss Below 728 738