Technical outlook of top 2 stocks with Free Intraday Stock Tips

 DIVISLAB 

Stock had given breakout of its resistance and able to sustain above it which can be seen in above charts, further strong is expected.

 MCDOWELL-N 

Stock had given breakouts of its resistance and sustain near around it buying may continue in stock.

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Stocks Corner: 

 1. Lupin: Drug maker Lupin is recalling more than 18,000 bottles of an antibiotic drug used to treat bacterial infections from the US market. The drug is being recalled due to a “complaint received of metal piece identified in the product bottle prior to the reconstitution," USFDA said. 

2. Reliance Infrastructure: A day after auditors raised a long list of concerns on Reliance Infrastructure’s (RInfra) financial reporting, company officials called it an overhang in the auditing environment after the IL&FS fiasco. 

3. Jet Airways: As per news reports, the Income Tax (IT) Department has summoned Jet Airways founder Naresh Goyal for questioning in relation with an alleged case of tax invasion. Moreover, resolution plan of the beleaguered airline is likey to be taken today. 

4. Bharti Airtel, Vodafone: According to a news report by The Economic Times, the Department of Telecommunications (DoT) has backed penalties of Rs 3,050 crore on Bharti Airtel and Vodafone Idea for allegedly denying Reliance Jio Infocomm adequate points of interconnection (PoIs) in 2016.

5. Auto companies reported another subdued sales figures for May owing to high finance cost and liquidity constraints. Maruti Suzuki India said its overall sales including that to original equipment manufacturer (OEM) for May declined by 22 per cent to 134,641 units YoY while Tata Motors reported a drop of 26 per cent in its domestic sales at 40,155 units as against 54,290 units sold in May 2018. 

6. US stores and factories reported a pickup in activity last month, suggesting the economy is humming along without an urgent need for the Federal Reserve to cut interest rates. 

Stocks in ban period

 IDBI, PCJEWELLER, RELCAPITAL, RELINFRA

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Bank Nifty Outlook with Bluechip Share Price

BANK
 NIFTY FUTURE

Bank Nifty Outlook:- NIFTY BANK Index closed the week on negative note losing –452.20 Points –1.46% Technically on the daily charts we see minor support on the downside for Nifty Bank Index lies at 30200 levels, whereas minor resistance on the upside is capped around 31250 levels. If Nifty Bank breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 29500.

Daily Chart: 

Daily Chart

Blue Chip Stocks NSE Tips with Outlook of Nifty

Nifty Outlook:- The domestic stock market traded weak on Friday ahead of the imposition of retaliatory duties on the US goods, as NSE Nifty ended with a loss of 90.75 points 0.76 percent. We expect a soft start to the week on Monday. Though mild technical pullbacks cannot be ruled out, Nifty may face selling at higher levels. While negotiating soft pullbacks, the index has set a stage where it is likely to complete its throwback by testing supports that lie in the 11,740-11,760 zone.

Daily Chart: