We recommend a buy in the stock only above Rs2018 with the stoploss of Rs1978 for the target of Rs2098.

Transcription

1 NIFTY TO TRADE BETWEEN 1,49Bulls t ook charge right f rom t he w ord go and consist ent ly t raded in t he green. But int ense buying in t he last hour helped t he market end on an even st ronger not e. The Nif t y, not only managed t o clock 1,7, but also closed above t his mark. We expect index t o, cont inue t o march t ow ards 1,82-1,85 levels. Chart of t he Day TVS M OTOR Buy above Rs572. Chart of t he Day Buy:TVS MOTOR The stock is trading above its prior swing high and above its 2 ema support. We recommend buy only above Rs572 with the stoploss of Rs562 for the target of Rs585. y Techni cal Cal l of t he Da CM P:57.6 Buy:TCS CM P:216 CMP:2 TRADERS COM M ENT The appointment of the new RBI governor has raised expectations of a sooner rather than later start to monetary policy easing to support economic growth. Sensex was up points or 1.79% at 35,779.7 while nifty was up points or 1.79% at 1, TVS M OTOR COM PANY LTD M A2 15-Jun M A5 Bollinger Band 27-Jul 11-Sep Dec 29-Oct NIFTY M OVERS & SHAKERS Dr. Reddy' S Lab Lupin Bharti Infratel Tata Power -7.7% -3.8% Hero Motocorp Tata Steel Bharti Airtel Adani Ports Yes Bank Eicher Motors Tata Motors DVR Bank Of Baroda Bajaj Auto M&M.% Stochastics-Fast % K Technical call of t he Day TCS Rs % 7.7% Stochastics-Fast % D RSI Buy above We recommend a buy in the stock only above Rs218 with the stoploss of Rs1978 for the target of Rs TOP 5 SECTOR M OVERS TCS BSE Realty Index 1923 BSE Auto Index 179 M A2 BSE Metal Index 15-Jun 6-Jul 27-Jul 2-Aug MA5 11-Sep Bollinger Band 5-Oct 29-Oct 2-Nov BSE Capital Goods Index BSE Bankex -4.3% -2.1%.% 2.1% We are also available on: research@dealmoneyonline.com % Stochastics-Fast % K Stochastics-Fast % D RSI STOCKS TRADING IN POSITIVE ZONE: HEROM OTO, INDBULHSG. STOCKS TRADING IN NEGATIVE ZONE: DR.REDDYS, BHARTI INFRATEL Dec

2 Eicher Motors: Motorcycle manufacturer Royal Enfield Wednesday launched its Interceptor INT 65 and Continental GT 65 models for the Punjab and Chandigarh markets. CMP: P/E(ttm): 35.9 Impact Positive Strides Pharma Science: The company announced that its step down wholly owned subsidiary, Strides Pharma CMP: 463. Global, Singapore, has received approval for Lidocaine Ointment USP 5% from the United States Food & Drug P/E(ttm): 38.9 Administration (US FDA). Lidocaine Ointment is a generic version of Xylocaine Ointment of AstraZenecaNSE Impact Positive 2.1 % Pharmaceuticals LP.. Bandhan Bank: Bandhan Bank would add another 4 branches by December 31, taking the total number to 978, the Kolkata-based lender's founder and CEO C S Ghosh said on Wednesday. In other news regarding Bandhan Bank, its retail banking head Rahul Johri and MFI lending chief Prasanta Kumar Sahu have left the bank recently to set up their own microfinance venture. CMP: 472. P/E(ttm): NA Impact Positive Lupin: Drug maker Lupin said a court in Europe has upheld a decision to impose a fine of 4 million euros (over Rs 325 crore) on the company by European Commission (EC) in a litigation over blood pressure lowering drug Perindopril. CMP: P/E(ttm): 25.5 Impact Neutral Sun Pharma: Markets regulator Sebi said it is examining the whistleblower complaint against Dilip Shanghviled Sun Pharmaceutical Industries. CMP: P/E(ttm): 4.3 Impact Neutral ttm = trailing twelve months Economic Snapshot Private sector life insurance companies posted a 23.2 percent growth at Rs 4, crore in their new premiums for April- November 218, compared to a year ago. Life Insurance Corporation of India (LIC), on the other hand, posted a 7.9 percent YoY drop in new premium collection to Rs 83, crore leading to a mere.33 percent overall premium growth. Life insurance collected new premiums of Rs 1.23 lakh crore for the April-November period. For the individual regular premium segment, LIC saw a 3.6 percent YoY drop in first year premium collection during the period. Similarly, the country's largest insurer also saw a 64.7 percent YoY drop in group regular premium business for the period. India s industrial production (IIP) grew 8.1 percent in October as against 4.5 percent in September, aided by a favourable base effect and robust output in all key sectors manufacturing, electricity and mining, data released by the statistics office showed. Factory output, measured by the Index of Industrial Production (IIP), is the closest approximation for measuring economic activity in the country's business landscape. IIP grew at barely 1.8 percent in October, 217. According to ratings agency ICRA, the pickup in industrial growth in October is likely to be temporary, as portended by a considerable deterioration in the performance of indicators such as auto production, electricity generation and Coal India s output during November.. 2

3 Ex pl or e Ou r Pr odu ct s 3

4 DERIVATIVES Open Interest Gainers Open Interest Losers Buy : Cairn Ltd Open Interest CMP: 318 OI Change (contracts) (%) Price (Rs.) Price change (%) Buy : Cairn Ltd Open Interest CMP: 318 OI Change (contracts) (%) Price (Rs.) Price change (%) TVSMOTOR 7,43, 4.3% % GODREJIND 1,813,5 17.6% % CHOLAFIN 822,5 17.2% % IGL 6,374,5 16.% % DRREDDY 3,637, 14.2% % TORNTPOWER 2,154, -14.5% % HEXAWARE 3,96, -8.2% % BALKRISIND 2,392, -7.3% % BANKINDIA 24,714, -7.% % IDEA 131,593, -7.% % Nifty Option OI Distribution Nifty OI Vs Futures Price 143, , ,963 Thousands , Nov 29-Nov 3-Nov 3-Dec 4-Dec 5-Dec 6-Dec 7-Dec 1-Dec Call OI Put OI Nifty Fut OI (LHS) Nifty Fut Price (RHS) Top 5 Traded Futures Top 5 Traded Options St ock Expiry Dat e No of cont racts traded Cont ract value (Rs. Lacs) LTP St ock Expiry Dat e Opt ion Type St rike price No of cont ract s t raded Cont ract value (Rs. Lacs) LTP RELIANCE 27-Dec-18 35, , ICICIBANK 27-Dec-18 2, , KOTAKBANK 27-Dec-18 16, , YESBANK 27-Dec-18 42,2 137, SBIN 27-Dec-18 15,94 136, RELIANCE 27-Dec-18 CE 1,12 11,14 63, RELIANCE 27-Dec-18 CE 1,14 9,385 54, RELIANCE 27-Dec-18 CE 1,1 9,52 53, RELIANCE 27-Dec-18 CE 1,16 6,752 39, ICICIBANK 27-Dec-18 CE 35 3,988 39, Top 5 Contract Future Volumes Bottom 5 Contract Future Volumes Expiry Date No of Contracts traded Current Cash Volume Cash Delivery % Expiry Date No of Contracts traded Current Cash Volume Cash Delivery % YESBANK 27-Dec-18 42,2 71,832, % RELIANCE 27-Dec-18 35,239 12,65, % IBULHSGFIN 27-Dec-18 24,412 9,988, % SUNPHARMA 27-Dec-18 23,747 16,244, % ICICIBANK 27-Dec-18 2,247 24,74, % NHPC 27-Dec ,84, % OFSS 27-Dec , % MRPL 27-Dec , % ADANIPOWER 27-Dec ,963,68 1.9% CASTROLIND 27-Dec , % 4

5 SUPPORT / RESISTANCE LEVEL Company Name Closing Price S3 S2 S1 Pivot R1 R2 R3 ACC Adani Ports Ambuja Cements Asian Paints Aurobindo Pharma Axis Bank Bajaj Auto Bank Of Baroda Bharti Airtel Bharti Infratel BHEL Bosch BPCL Cipla Coal India Dr. Reddy'S Lab Eicher Motors Gail Grasim HCL Technologies HDFC HDFC Bank Hero Motocorp Hindalco HUL ICICI Bank Idea Indusind Bank Infosys ITC Kotak Mahindra Bank L&T Lupin M&M Maruti Suzuki India NTPC ONGC Power Grid RIL SBI Sun Pharma Tata Motors Tata Motors DVR Tata Power Tata Steel TCS Tech Mahindra Ultratech Wipro Yes Bank Zee Entertainment

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