Premium Equity Daily Journal. Strictly for Client Circulation. Nifty (0.52%) Sensex (0.51%)

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1 Published On 04 Jan 2019 Research Analyst Report 04 JAN 2019 Premium Equity Daily Journal Strictly for Client Circulation Nifty (0.52%) Sensex (0.51%)

2 Market Wrap Telecom stocks see mixed trend- Market was trading with modest gains in mid-afternoon trade. At 14:28 IST, the barometer index, the S&P BSE Sensex, was up points or 0.26% at 35, The Nifty 50 index was up points or 0.23% at 10, Telecom stocks saw mixed trend. Domestic stocks nudged higher in early trade as buying demand resumed in index pivotals after a two-day slide. Stocks reversed initial gains to sink in negative zone in morning trade. Volatility rose in mid-morning trade as the key benchmark indices once again regained positive zone. Key benchmark indices hovered in positive zone in early afternoon trade. Indices extended gains and hit fresh intraday high in afternoon trade. The S&P BSE Mid-Cap index was up 0.3%. The S&P BSE Small-Cap index was off 0.02%. Nifty trades above 10,700 mark- The market extended gains and hit fresh intraday high in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, was up points or 0.45% at 35, The Nifty 50 index was up points or 0.43% at 10, The Nifty regained 10,700 mark. Domestic stocks nudged higher in early trade as buying demand resumed in index pivotals after a two-day slide. Stocks reversed initial gains to sink in negative zone in morning trade. Volatility rose in mid-morning trade as the key benchmark indices once again regained positive zone. Indices extended gains and hit fresh intraday high in afternoon trade. The S&P BSE Mid-Cap index was up 0.48%. The S&P BSE Small-Cap index was up 0.13%.

3 Buzzing Stocks Closing Bell: Gainers: Infratel (+5.5%), Vedanta, Yes Bank (+3%). Losers: HCL Tech (-2%), Hero MotoCorp, TCS (-1%). Sheela Foam stock slips 3%. Trading volume was more than 10 times its 20-day average. Eris Lifesciences stock up 2%. Trading volume was almost eight times its 20-day average. Cera Sanitaryware stock spurts 3%. Trading volume was six times its 20-day average. SIS stock up 1%. Trading volume was more than four times its 20-day average. Nestle drops 1% on reports of SC reviving class action against noodles brand. Tata Motors stock gains 2% on strong growth in US JLR sales. NHPC stock drops 1%; to incur loss due to unit shutdown. Jet Airways slips 3% on airline's fresh proposal to lenders. Nifty IT index under pressure, down 1.5%. Mindtree (-3.5%), Tata Elxsi (-3%), TCS, NIIT Tech (-2%), Infosys (-1%).

4 Market Action Jan 03, 14:45 Bharti Airtel (2.83%) Transcript Bharti Airtel Q2 FY2019 Earnings Conference Call.. Jan 03, 14:00 Bajaj Finance 2, (-0.23%) Transcript Bajaj Finance Limited Q2 FY2019 Earnings Conference Call. Jan 03, 14:00 Hindustan Aeronautics Ltd (2.44%) HAL gets nod to produce weaponised version of LCA Tejas. Jan 03, 14:00 Power Finance Corporation (1.28%) Transcript Power Finance Corporation. Q2 FY19 Earnings Conference Call. Jan 03, 11:00 Marico (0.75%) Transcript Marico Limited Q2 FY 2019 Earnings Conference Call. Jan 03, 11:00 Eicher Motors 20, (-0.32%) Quick take Quality at any cost no longer an argument for consumption stocks. Jan 03, 09:00 Bharti Airtel (2.83%) Bharti Airtel gains customers in November, Vodafone-Idea continues to lose. Jan 03, 08:15 Union Bank of India (4.56%) Union Bank of India to raise up to Rs 600 cr by issuing shares to staff.

5 Nifty Spot View NIFTY (0.52%) Intraday 52 Weeks (Bullish) Open 10, High 10, , Previous Close 10, Low 10, , R2 10,811 R1 10,769 Pivot 10,698 S1 10,656 S2 10,585 JUSTIFICATION AND COMMENTS- IIndian stock market witnessed deep cuts on Thursday despite making a rather stable start to the session. The NSE benchmark Nifty remained in the falling channel all throughout the day and settled with a loss of points or 1.11 per cent. Even as the market ended lower for a second straight session, it piled up a significant number of shorts in the system. Also, the index rests at the confluence of two short-term pattern supports. Given the technical set-up and the F&O data, we expect Nifty to give a technical rebound, which is now respectfully due. The opening levels and the trajectory the Nifty forms thereafter will be important for the market on Friday. Any continued weakness will make recovery task difficult, even though huge shorts have been added over the past two sessions. The levels of 10,710 and 10,785 will act as immediate resistance area for Nifty. The supports are expected to come in at 10,650 and 10,580 levels. As per the pivot table are The intraday support levels for the Nifty index. The intraday resistance in the nifty index is seen in the range of

6 Nifty Spot View NIFTY BANK (0.87%) Intraday 52 Weeks (Bullish) Open 26, High 27, , Previous Close 26, Low 26, , R2 27,479 R1 27,337 Pivot 27,131 S1 26,989 S2 26,783 JUSTIFICATION AND COMMENTS- After a volatile session, Indian benchmark indices advanced 0.5% on the first day of 2019 led by gains of banking and financial services companies such as HDFC, HDFC Bank, Yes Bank, SBI and ICICI Bank. The BSE Sensex closed points, or 0.52%, up at 36,254.57, and the Nifty 50 ended points, or 0.44%, higher at 10, The Nifty Bank and Nifty Financial Services indices rose around 1%. Shares of select auto companies traded lower as they disclose December vehicle sales data. The BSE midcap underperformed the benchmark and was down 0.08%, while the smallcap rose 0.41%. Among the sectoral indices, telecom rose most at over 2% followed by telecom, which was up nearly 1.5%. Finance, bankex, oil and gas, IT and teck also gained. Metals, auto, basic materials and FMCG declined. Bharti Airtel, HDFC, SBI, BPCL, Yes Bank and HDFC Bank were among the top gainers on the key indices, whereas M&M, Tata Steel, Hindalco, Indiabulls Housing Finance and ONGC were among the major losers. Investors will now shift their focus to corporate earnings beginning next week. Analysts believe markets are likely to stay volatile in the first six months of 2019 ahead of 2019 general elections in India and also amid concerns of global economic growth. The Sensex and Nifty had gained 5.91% and 3.15%, respectively, in 2018 after a blockbuster year for equities last year. As per the pivot table are The intraday support levels for the Nifty Bank index. The intraday resistance in the Bank Nifty index is seen in the range of

7 Key Indices Index LTP High Low % Change Nifty 50 Bank Nifty Nifty Next 50 JUSTIFICATION AND COMMENTS- 10, , , Nifty 100 Nifty 200 Nifty 500 Nifty Midcap 100 Nifty Smallcap 100 Advance/Decline Today 10, , , , , , , , , , , , , , , , , , , , , Index Advance Decline Nifty Nifty Next Nifty JUSTIFICATION AND COMMENTS- Nifty Nifty Sector Indices Today Index LTP High Low % Change Nifty Metal Nifty Auto Nifty Energy Nifty Media JUSTIFICATION AND COMMENTS- 2, , , Nifty Realty Nifty Pharma Nifty Financial Services Nifty FMCG Nifty PSU Bank Nifty IT 3, , , , , , , , , , , , , , , , , , , , , , , ,

8 INDEX PULLERS AND DRAGGERS Index Pullers Index Draggers Index LTP Change(%) Contribution Points Index LTP Change(%) Contribution Points H D F C 1, (1.85%) St Bk of India (2.25%) 6.00 Axis Bank (1.92%) 5.07 Reliance Inds. 1, (0.54%) 5.02 ITC (0.75%) 4.47 Infosys (-1.21%) TCS 1, (-1.22%) HCL Technologies (-1.69%) Larsen & Toubro 1, (-0.50%) Tech Mahindra (-1.47%) Stock Showing Activity Top Gainers- Nifty 500 Index LTP Change(%) Inox Leisure (5.35%) IL&FS Transport (4.98%) Bharti Infra (4.95%) JUSTIFICATION AND COMMENTS- IDFC Bank (4.88%) Syndicate Bank (4.64%) Top Losers- Nifty 500 Index LTP Change(%) Persistent Sys (-5.91%) Page Industries 22, (-4.03%) Dredging Corpn (-3.83%) JUSTIFICATION Sobha AND COMMENTS (-3.49%) Petronet LNG (-3.45%)

9 52-Weeks High-Low 52-Weeks High- Nifty Weeks Low- Nifty 500 Index LTP Change(%) Index LTP Change(%) Narayana Hrudaya (-2.12%) K P R Mill Ltd (-1.83%) Ashok Leyland (-1.38%) Lux Industries 1, (-1.30%) Gateway Distr (-1.10%) Global Indices Index Date Value Change %Change Straits Times 3, % Hang Seng 25, % Nikkei , % SSE (Shanghai) 2, % Nasdaq 6, % 04/01/2019 S&P500 2, % Dow Jones Ind. Avg. 22, % DAX 10, % CAC 40 4, % BEL-20 3, % FTSE 100 6, %

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