House View – 04 Apr 2019

Technical View Nifty – 11644
Short Term Target for Nifty is 10700
Short Term Reversal for Nifty is 11761
Crucial Resistance for Nifty is 11761
Intraday levels:
Support 11570 – 11413 Resistance 11761 – 11809
All levels are spot levels

Technical View Bank Nifty – 30093
Short Term Target for Bank Nifty is 27000
Short Term Reversal for Bank Nifty is 30730
Crucial Resistance for Bank Nifty is at 30648
Intraday levels:
Support 29790 – 29526 Resistance 30384 – 30648
All levels are spot levels

National Aluminium Company Ltd
Alumina output at a record 2.15 million tons for financial year 2019, as
compared to last year’s 2.1 million tons. Aluminium production at 440,000
tons versus 426,000 tons
Industry – Aluminium
CMP – Rs. 55.3
52 Week High – Rs. 90.2
52 Week Low – Rs. 46.2
Impact – Positive

Suven Life Sciences
Product patents in Israel, Japan, New Zealand and Sri Lanka for treatment
of neurodegenerative disorders. The company said these patents will be
valid through 2029 and 2036.
Industry – Pharmaceuticals
CMP – Rs. 255
52 Week High – Rs. 337.8
52 Week Low – Rs. 168.25
Impact – Positive

Manappuram Finance
Company infused Rs 263.92 crore in its arm. The company says that it
recently subscribed rights issue of its subsidiary Asirvad Microfinance
Limited to enhance its net worth
Industry – Finance
CMP – Rs. 119
52 Week High – Rs. 130.45
52 Week Low – Rs. 66.25
Impact – Positive

Godrej Properties
Company entered into a joint venture with a developer to develop 4.25
acres property in Mumbai. The project will offer approximately 1 lakh
square meters of saleable area and will be developed as a luxury
project
Industry – Realty
CMP – Rs. 891.6
52 Week High – Rs. 937.7
52 Week Low – Rs. 460.4
Impact – Positive

Gujarat Gas
Gujarat Gas received grant of authorization for six city gas distribution
networks. The company has been granted 300 months of infrastructure
exclusivity i.e. valid up to March 28, 2044 and 96 months of marketing
exclusivity valid up to March 28, 2027
Industry – Integrated Oil & Gas
CMP – 145
52 Week High – 182.95
52 Week Low – 115
Impact – Positive