House View – 09 Apr 2019

Technical View Nifty – 11605
Short Term Target for Nifty is 11000
Short Term Reversal for Nifty is 11761
Crucial Resistance for Nifty is 11710
Intraday levels:
Support 11549 – 11469 Resistance 11641 – 11710
All levels are spot levels

Technical View Bank Nifty – 29845
Short Term Target for Bank Nifty is 28000
Short Term Reversal for Bank Nifty is 30730
Crucial Resistance for Bank Nifty is at 30602
Intraday levels:
Support 29651 – 29156 Resistance 30232 – 30602
All levels are spot levels

Quess Corp
Quess Corp said that its staffing business has added 23,000 associates with
effect from April 1. Post the complete execution of these contracts, the
Staffing business shall have an associate strength of over 2.15 lakh
employees and this active deal conversion is expected to benefit he
company across its core operating and financial metrics
Industry – Diversified
CMP – 724
52 Week High – 1300
52 Week Low – 581
Impact – Positive

Voltas
Voltas signed a distribution agreement with Japanese based textiles
machines manufacturer ‘Shima Seiki’ for sales and marketing of the latter’s
products in India.
Industry – Consumer Discretionary
CMP – 611
52 Week High – 664
52 Week Low – 471
Impact – Positive

Coffee Day Enterprises
Japan based-Impact HD to invest up to $15 million for 49 percent stake in
the company’s arm Coffee Day Consultancy Services.
Industry – Restaurants
CMP – 276
52 Week High – 356
52 Week Low – 237
Impact – Positive

Panacea Biotech
Piramal Enterprises and Bain Capital backed India Resurgence Fund to
invest Rs 992 crore in the company. The company said investment proceeds
will be used for one-time settlement with existing lenders, general working
capital and growth requirements of the company. The fund will acquire
10.4 % stake in the company.
Industry – Biotechnology
CMP – 181
52 Week High – 314
52 Week Low – 138
Impact – Positive

Sun Pharma
Sun Pharmaceutical’s wholly owned subsidiary Sun Pharma Distributors
Ltd. will commence distributing its formulation products in India from this
month in a phased manner on the same terms as was with Aditya
Medisales Ltd. This phased transition is expected to be fully completed by
the first quarter of 2019-20.
Industry – Pharma
CMP – 462
52 Week High – 678
52 Week Low – 375
Impact – Positive