House View – 05 Apr 2019

Technical View Nifty – 11598
Short Term Target for Nifty is 10700
Short Term Reversal for Nifty is 11761
Crucial Resistance for Nifty is 11761
Intraday levels:
Support 11559 – 11438 Resistance 11663 – 11761
All levels are spot levels

Technical View Bank Nifty – 29905
Short Term Target for Bank Nifty is 27000
Short Term Reversal for Bank Nifty is 30730
Crucial Resistance for Bank Nifty is at 30529
Intraday levels:
Support 29810 – 29540 Resistance 30251 – 30529
All levels are spot levels

VST Tillers Tractors
VST Tillers Tractors announced weak March Sales numbers:
Power tiller sales were down 32 % at 3,826 units.
Tractors sales were down 45 % at 989 units.
Industry – Commercial Vehicles
CMP – 1306
52 Week High – 3085
52 Week Low – 1301
Impact – Negative

UNITED BREWERIES
Co. announced weak set of Q4 numbers.
Revenues up 4.5%,
Net profit down 1.5%.
Margins at 23.8% vs 29.6%.
Margins hit on account of rising material costs which was 69% of sales v/s 61%
Industry – Breweries & Distilleries
CMP – 1427
52 Week High – 1494
52 Week Low – 958
Impact – Negative

Rallis India
Company said that the Pollution Control Board has revoked it closure order
of the company’s Gujarat unit. On March 19 the closure order was received.
Industry – Agrochemicals
CMP – 160
52 Week High – 248.70
52 Week Low – 146.50
Impact – Positive

Cipla
Cipla received Establishment Inspection Report (EIR) on its Goa
manufacturing plant by the U.S. FDA. Positive read thru.
Industry – Pharmaceuticals
CMP – 522
52 Week High – 678
52 Week Low – 484
Impact – Positive

Titan
Titan sees strong Revenue growth for third straight fiscal.
Jewellery division grew 22% in FY19.
Watches division grew 16% in FY19.
Eye Wear division grew 23% in FY19.
20% revenue growth guidance for FY20.
Industry – Other Apparels & Accessories
CMP – 1107
52 Week High – 1146
52 Week Low – 732
Impact – Positive