NIFTY TO TRADE BETWEEN

Transcription

1 NIFTY TO TRADE BETWEEN A huge reversal in trend played on the market today as weakness in financials weighed big on the Nifty.NBFCs, particularly housing finance companies, saw a big fall. Index has formed bearish candle on daily chart which will alarm the bulls.we expect index to hold the support of 10,420 & move towards 10,550. Chart of t he Day NIITTECH Buy above Rs 1199 Chart of t he Day Buy:NIITTECH The stock is trading above its prior swing high and above its 20 ema support. We recommend buy only above Rs1199 with the stoploss of Rs1160 for the target of Rs1277. y Techni cal Cal l of t he Da Sell:APOLLOTYRE Fut CM P: CM P: TRADERS COM M ENT Market kickstart in the opening. Sell off in majorly in banking, NBFCs and auto stocks wiped off all the gains. Sensex was down points, or 1.09%, at 34, while the Nifty was down points or 1.24%, at 10, NIIT TECHNOLOGIES LTD MA20 24-Apr 6-Jun 18-Jul MA50 Bollinger Band 31-Aug Oct NIFTY M OVERS & SHAKERS Tata Steel Idea Yes Bank HCL Technologies Adani Ports Infosys BPCL ITC Eicher Motors Wipro Maruti Suzuki India Coal India SBI HUL Tata Motors Power Grid Bosch Tech Mahindra Hero Motocorp Cipla -4.0% -2.0% 0.0% 2.0% Stochastics-Fast % K Technical call of t he Day APOLLOTYRE Fut below Rs % Stochastics-Fast % D RSI Sell We recommend a sell in the stock only below Rs208 with the stoploss of Rs212 for the target of Rs APOLLO TYRES LTD. TOP 5 SECTOR M OVERS BSE Realty Index BSE FMCG Index 239 BSE Auto Index 214 M A20 BSE Oil & Gas Index 24-Apr 16-M ay 6-Jun 27-Jun MA50 18-Jul Bollinger Band 8-Aug 31-Aug 25-Sep BSE Metal Index BSE Bankex -3.3% -1.7% 0.0% 1.7% We are also available on: research@dealmoneyonline.com % Stochastics-Fast % K Stochastics-Fast % D STOCKS TRADING IN POSITIVE ZONE: HCLTECH, INFY. STOCKS TRADING IN NEGATIVE ZONE: IBULHSGFIN, BAJFINCE. RSI Oct

2 Indiabulls Housing: The company on Friday clarified that not a single developer in its portfolio has had Indiabulls Housing Finance as its sole lender. It said that a majority of the portfolio is backed by lease rental discounting assets. The portfolio comprises of leading developers only in the metro cities of the National Capital Region [NCR], Mumbai Metropolitan Region [MMR], Chennai, Bangalore, Pune and Hyderabad, the company said. Jet Airw ays: The Tata Group wants complete control over Jet Airways along with the exit of existing promoters, the Goyal family, and has rejected an initial proposal for part-ownership and joint control of the airline. CMP: Impact Neutral CMP: Impact Neutral IL&FS Transportation Netw orks: A group company of the troubled IL&FS group clarified to the exchanges that it has not appointed any new board members but has only received nominations for the same. CMP: 7.6 Impact Negative NTPC: India's largest electricity producer has invited offers for arranging of a term loan in Japanese yen for an aggregate amount of $150 million equivalent with a green shoe option to retain over-subscription up to $250 million equivalent. CMP: Impact Positive ONGC: State-owned Oil and Natural Gas Corp said its finances are as sound as ever and is generating enough revenues to meet all its capital and operating expenditures as well as any additional merit-based requirement. CMP: Impact Positive ttm = trailing twelve months Economic Snapshot The price of benchmark Brent crude has slipped below $80 a barrel. It could not have come at a better time for India which is struggling with high crude prices, a weakening rupee and a rising import bill. However, the key question is whether this fall in prices will sustain, stabilise at these levels or bounceback. This is an important consideration because US sanctions on Iran get triggered on November 4. Iran is the third largest supplier to India. Iranian oil is more lucrative for India as the payment could either be settled in rupees or bartered for rice, pharmaceuticals and other products. Further, Iranian oil comes with a 60-day credit. Now, it is not clear whether India will be able to import all the 25 million tonne of crude it had contracted for this year. India has asked the US for a waiver on sanctions. It is not yet clear on how the US government would respond to India s demand. China and Turkey have openly defied US ban and continue to do business with Iran. The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over US tariffs on steel and aluminium, according to a US official familiar with the matter. The requests, filed on Thursday, cover tariffs by China, the European Union, Canada and Mexico, which followed the United States imposing a 25 percent duty on steel imports and a 10 percent tariff on aluminium imports, which it justified on national security grounds. Canada, Mexico and China had also planned to ask for a WTO panel examining those tariffs, according to another government official familiar with the matter. Earlier on Thursday, Norway said that it, the EU and other countries would seek the WTO dispute group's help. Officials representing the countries' trade delegations could not immediately be reached after normal business hours. The WTO did not immediately respond to requests for comment. 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 (%) JPASSOCIAT 127,466, % % INFRATEL 6,854, % % HEROMOTOCO 1,611, % % MCX 4,378, % % FEDERALBNK 48,125, % % ADANIPOWER 129,900, % % ESCORTS 4,584, % % SREINFRA 13,447, % % CESC 5,325, % % IGL 3,234, % % Nifty Option OI Distribution 127,071 Nifty OI Vs Futures Price , ,536 Thousands , Oct 8-Oct 9-Oct 10-Oct 11-Oct 12-Oct 15-Oct 16-Oct 17-Oct 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 25-Oct-18 22, , BAJFINCE 25-Oct-18 17, , SBIN 25-Oct-18 19, , ICICIBANK 25-Oct-18 16, , INFY 25-Oct-18 16, , RELIANCE 25-Oct-18 CE 1,200 7,445 90, RELIANCE 25-Oct-18 CE 1,160 7,348 87, RELIANCE 25-Oct-18 CE 1,180 4,609 55, TCS 25-Oct-18 CE 2,000 5,234 52, RELIANCE 25-Oct-18 PE 1,100 4,271 47, 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 % FEDERALBNK 25-Oct-18 29,018 76,207, % INDUSINDBK 25-Oct-18 27,601 7,490, % IBULHSGFIN 25-Oct-18 26,739 9,837, % RELIANCE 25-Oct-18 22,539 7,478, % SBIN 25-Oct-18 19,588 33,597, % NHPC 25-Oct ,123, % OFSS 25-Oct , % SHREECEM 25-Oct , % NESTLEIND 25-Oct , % GODFRYPHLP 25-Oct , % 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

6 Disclaimer Dealmoney Securities Private Limited (hereinafter referred to as Dealmoney ) is a registered Member of National Exchange of India Limited, Bombay Exchange Limited and MCX Exchange Limited. Dealmoney is also registered as a Depository Participant with CDSL. Dealmoney is in the process of making an application with SEBI for registering it as a Research Entity in terms of SEBI (Research Analyst) Regulations, Dealmoney or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market and no material disciplinary action has been taken by SEBI/other regulatory authorities impacting Dealmoney s Equity Research Analysis. Dealmoney or its associates/analyst including its relatives do not hold any actual/beneficial ownership of more than 1% in the company/ies covered by Analyst (hereinafter referred to as Subject Company/ies ). Dealmoney or its associates/analyst including its relatives may hold financial interest in the company/ies covered by Analyst (hereinafter referred to as Subject Company/ ies ). Dealmoney or its associates/analysts or his/her relative does not receive any compensation or other benefits from the subject company/ies mentioned in this research report (hereinafter referred to as Report ) or from a third party in connection with preparation of the report. Accordingly, Dealmoney or its associates/analyst or his/her relative does not have any other material conflict of interest at the time of publication of the Report. Research analyst/s engaged in preparation of the Report, has not received any compensation / managed or co-managed public offering of securities of the subject company/ies / has not received compensation for investment banking or merchant banking or brokerage services from the subject company/ies / has not received compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company/ies / has not received compensation or other benefits from the subject company/ies or third party in connection with the Report of the subject company/ies during the past twelve months / has not served as an officer, director or employee of subject Company/ies and is not engaged in market making activity of the subject Company/ies. Dealmoney or its associates are engaged in various financial services business, thus, it might have, received any compensation / managed or co-managed public offering of securities of the subject company/ies / received compensation for investment banking or merchant banking or brokerage services from the subject company/ies / received compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company/ies / received compensation or other benefits from the subject company/ies or third party in connection with the Report of subject company/ies during the past twelve months engaged in market making activity for the subject company/ies. In the preparation of the material contained in the Report, Dealmoney has used information that is publicly available, as also data developed in-house. Some of the material used in the document may have been obtained from members/persons other than Dealmoney and which may have been made available to Dealmoney. Information gathered & material used in the Report is believed to be from reliable sources. Dealmoney has not independently verified all the information and opinions given in this material/document/report. Accordingly, no representation or warranty, express or implied, is made as to the accuracy, authenticity, completeness or fairness of the information and opinions contained in this material/document/report. For data reference to any third party in this material no such party will assume any liability for the same. Dealmoney group companies provides finance related product services like distribution of financial products and as such is a provider of many services like loans, mutual funds, tax & trust planning etc. mentioned in this brochure. And hence, Dealmoney do not warranty / guarantee about performance of any products and customer servicing w.r.t third party products per se. Third party products are subject to code of conduct to be adhered to by the representatives of Dealmoney and Dealmoney is not responsible for the losses, whether actual or notional incurred by any investor. Services assured and expected may vary from actual service and Dealmoney does not guarantee about the quality of services. Investments in securities and commodities are subject to market and other risks and there is no assurance or guarantee that the objectives of any of the Investments/Schemes/product would be achieved. Past performances are only indicative and returns are not assured and guaranteed by Dealmoney group companies. The price, value of and income from any of the securities or financial instruments mentioned in this report can fall as well as rise. The value of securities and financial instruments is subject to exchange rate fluctuation that may have a positive or adverse effect on the price or income of such securities or financial instruments. The recipient alone shall be fully responsible, and/or liable for any decision taken on the basis of this material/document/report. Dealmoney does not in any way through this material solicit or offer for purchase or sale of any financial services, commodities, products dealt in this material/document/report. Dealmoney/its affiliates/associates/directors shall not be in any way responsible for any loss or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, and consequential, as also any loss of profit that may arise to any person/entity from or in connection with the use of information contained in this material/document/report. All recipients of this material/document/report before dealing and/or transacting in any of the products advised, opined or referred to in this material shall make their own investigation, seek appropriate professional advice and make their own independent decision. Noting contained in this material/document/report should be construed as investment or financial advice. Clients are advised to assess their risk profile/ appetite before acting on any information contained in this material/document/report. Investors should also refer to risk tag and compare it with is own risk appetite before taking any investment decision. Reports on technical and derivative analysis are based on studying charts of a stock s price movement, outstanding positions and trading volume as opposed to focussing on a company s fundamentals and as such, may not match with a report on a company s fundamentals. The opinions expressed in the Report are our current opinions as of the date of this report and may be subject to change from time to time without notice. Dealmoney or any persons connected with it do not accept any liability arising from use of this material/document/report. Information/ opinion conveyed through this material/document/report are strictly meant for the registered Clients of Dealmoney group of Companies of the respective segments. This information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Dealmoney or its affiliates to any registration requirement within such jurisdiction or country. This information does not constitute an offer to sell or a solicitation of an offer to buy any financial products to any person in any jurisdiction where it is unlawful to make such an offer or solicitation. No part of this material may be duplicated in whole or in part in any form and / or redistributed without the prior written consent of Dealmoney. This material/document/report is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on directly or indirectly. A graph of daily closing prices of securities available at and economictimes.indiatimes.com/markets/stocks/stock-quotes. (Choose a company from te list on the browser and select the three years period in the price chart). Recipients of the Report shall always independently verify reliability and suitability of the Report and opinions before investing. For Company details, please visit our website For research related query, write to us at research@dealmoney.com 6