Alankit Assignments Ltd. 1 P a g e

Transcription

1 1 P a g e

2 TABLE OF CONTENTS 1. Coffee With Alankit 2. Financial And Economic Wrap Up 3. Indices Performance 4. Global Markets 5. Equity Market Wrap Up 6. Nifty Top 5 Gainers 7. Nifty Top 5 Losers 8. F And O Wrap Up 9. Trading Turnover 10. Institutional Flows Equity 11. Money Market Wrap Up 12. Policy Rate 13. Daily Rates 14. Mutual Fund And Insurance Wrap Up 15. Liquidity Indicators 16. Top 5 Traded G Sec 17. International Metal And Energies Wrap Up 18. Commodity Market 19. Forex Wrap Up 20. Currency Market 21. Nifty Short Term Trend 22. Technical Picks 23. Bank Nifty Calls 24. Nifty Calls 2 P a g e

3 25. Options Calls 26. Technical Calls 27. Corporate Action 28. News Update 29. International Market Update 30. NSE Support And Resistance 3 P a g e

4 Coffee With Alankit Your Morning Companion Dear Institutional Clients, Bulls come back with vigor Nifty inching towards 8200 mark!!! What a phenomenal way to start the week! For the first time ever Nifty succeeded to close above the 8150 mark in yesterday s session backed by strong buying mainly in front liners. After a gap up opening in line with the steady global cues, Nifty spot consolidated in a narrow range during the initial hours of the session. However, the sideways move was then followed by a huge momentum on the upside in the final hours of the day. As a result, The Nifty managed to close above 8150-level, up points or 1.08 percent at while the Sensex was up points or 1.08 percent at Midcaps continued to fare better than the blue chips with the index rallying over 150 points. Among the midcaps, Torrent Power, Punj Lloyd, MRF, Apollo Tyres and Max India were major gainers. Tyre stocks rallied 2-20 percent as domestic rubber prices have seen sharpest fall in five years, hitting Rs 126 per kg. Rubber prices are down 25 percent since average of Rs 169/kg seen in January. The move in yesterday s session reflects that the market is inching higher in line with our super bullish view and might continue to do the same going ahead. Coming back to the previous session, Hindalco, ONGC, SBIN, Wipro and HUL were the major Sensex gainers, while NTPC, M&M, Tata Power and BHEL were the only losers among 30-share Sensex constituents. Overall on the sectoral front; barring consumer durables, all other BSE sectoral indices ended in the green. Among them, oil & gas index gained the most by 1.79 per cent, followed by FMCG 1.4 per cent, capital goods 1.29 per cent and metal 1.25 per cent. Only consumer durables index was down 0.22 per cent. Even the advance to decline ratio was sturdily in the favour of advancing counters (A = 2074 / D = 956). As mentioned in our previous reports, we continue to maintain our stance that markets will react to lots of noises from individual stocks. At the same time, technically markets has closed above 8150 mark and going ahead a close above 8200 will make index away from the bunch of resistances mentioned in our weekly report. This might result in a fresh upside momentum which can strengthen the index to rally towards the higher levels of 8400 and Meanwhile on the downside, the initial support is at 8105/8060 and hence we advise traders to hold on to their long positions with the mentioned support level as their strict stop loss. Have a splendid and profitable day with Alankit! 4 P a g e

5 Financial & Economic Wrap Up The Finance Ministry on Monday made a case for international rating agency Moody's to upgrade their sovereign rating of India, stating that the economic recovery was strong and efforts are on to keep the fiscal deficits within targeted levels. Moody's Investors Services had assigned 'Baa3' rating on India, with stable outlook. (BL) Encouraged by the World Trade Organisation s favourable ruling in its steel dispute against the US, India is bracing for some more fight with the country at the multilateral forum to get similar tariff barriers imposed on other products removed. (BL) India's economic growth continues to gain momentum while most major economies are seeing stable prospects, according to Paris-based think-tank OECD. India's CLI in July rose to 99 compared to 98.9 in June. The same has been improving since it stood at 98.5 in March. (ET) India is looking for ways in which it can get West Asian oil and gas producers to cut the so-called Asian premium, which adds up to more than $3 billion annually, through collective bargaining. (ET) Equity Market Wrap Up The Sensex has ended with the gain of points, 1.08 percent, at The 50-share NSE Nifty has closed with the gain of points, 1.08 percent, at , after making the intraday low of The SX40 index of MCX-SX ended with the gain of points at Barring consumer durables, all other BSE sectoral indices ended in the green. Among them, oil & gas index gained the most by 1.79 per cent, followed by FMCG 1.4 per cent, capital goods 1.29 per cent and metal 1.25 per cent. Market breadth was positive on the BSE with 2074 gainers against 956 losers. F & O Wrap Up Nifty September 2014 Future was closed at , a premium of points over spot closing of Turnover on NSE s Futures & Options segment decreased from Rs crore to Rs crore. The Nifty Put Call stood at 1.1 compared to the previous day s figure of India VIX has decreased by 1.10% to close at The open interest on Nifty Futures increased by 5.0 lakhs to 1.58 crores in the previous trading session. Indices Performance Index 08-Sept-14 Previous Close % Change# S&P BSE Sensex CNX Nifty CNX Midcap CNX S&P BSE Smallcap Global Markets Index 08-Sept-14 Previous Close % Change# Dow Jones 17, , Nasdaq 4, , S&P 500 2, , FTSE 6, , CAC 4, , Nifty Top 5 Gainers Company 08-Sept-14 Previous Close % Change# HINDALCO ASIANPAINT AMBUJACEM ONGC GRASIM Nifty Top 5 Losers Company 08-Sept-14 Previous Close % Change# NTPC NMDC TATAPOWER M&M POWERGRID Trading Turnover Description (Rs in Cr) 08-Sept-14 Change % Change# NSE 17, BSE Index Fut 9, , Stock Fut 24, , Index Opt 101, , Stock Opt 11, F & O Total 146, , Institutional Flows (Equity) Description (Rs in Cr) Purchases Sales Net FII Flows DII Flows # % change is the over the previous days close. 5 P a g e

6 Money Market Wrap Up India's 10-year benchmark bond yield ended down 2 bps at 8.50 percent. Bonds gained as a fall in global oil prices raised expectation that inflation would be kept in check, while hopes persisted that the government would increase foreign investment limits in debt. (Reuters) The benchmark five-year interest rate swaps ended down 4 basis points at 7.98 percent and the one-year rate fell 2 bps at 8.44 percent. (Reuters) India's cash rate ended at 8.15/8.25 percent versus Friday's close of 7.00/7.05 percent. (Reuters) Mutual Fund & Insurance Wrap Up UTI Mutual Fund announced the NFO of UTI Fixed Term Income - Series XX - I (1099 Days). The scheme will open for subscription from September 05, 2014 to September 15, (ValueResearch) Birla Sun Life Mutual Fund has acquired ING Mutual Fund. After the acquisition, all mutual fund schemes and portfolio management accounts of ING will be managed by Birla Sun Life. (ValueResearch) Tata Mutual Fund has decided to roll over Tata Fixed Maturity Plan Series 44 Scheme A by 742 days. The scheme is scheduled to mature on September 16, 2014 whereas now it will mature on September 27, (ValueResearch) International Metals & Energies Wrap Up Brent crude fell below $100 a barrel for the first time since June 2013, as falling Chinese imports bolstered concern that slower growth will worsen a global oil surplus. (Bloomberg) Nickel climbed to a nine-week high amid concern that ore shipments from the Philippines will drop. Nickel for delivery in three months rose 1.8 percent to settle at $19,930 a metric ton. (Bloomberg) Platinum volatility slumped to the lowest in nine years amid fading investor interest in the metal used in pollution-control devices for cars (Bloomberg) Forex Wrap Up The dollar rallied to a 14-month high on speculation financial markets are underestimating the pace of interest-rate increases and investors sought a refuge before the Scottish vote for independence this month. (Bloomberg) The pound slid to the weakest level since November versus the dollar as opinion polls highlighted the risk Scotland will vote for independence next week, potentially splintering the U.K. s 307-year-old union. (Bloomberg) Policy Rates Key Rates (%) 08-Sept-14 1 Week Ago 1 Month Ago Reverse Repo Repo CRR SLR Bank Rate Daily Rates Key Rates (%) 08-Sept-14 Previous Close % Change# NSE MIBOR O/N CALL CBLO OIS-1Yr OIS-5Yr Liquidity Indicators Description (INR Cr) 08-Sept-14 1 Week Ago 1 Month Ago Govt.Securities 36, , , Call Money CBLO LAF Treasury Bills 2, , , Top 5 traded G Sec Security Maturity % Closing Yield % Change# 8.60% GS Jun % GS Jul % GS Nov % GS Jun % GS Dec Commodity Market Commodities (INR) 08-Sept-14 Gains+/Loss % Change# Gold (10gm) Silver (1Kg) Crude Oil (1 barrel) Aluminium (1 Kg) Copper (1Kg) Currency Market Currency 08-Sept-14 Gains+/Loss %Change# USD/INR EUR/INR GBP/INR JPY/INR # % change is the over the previous days close. 6 P a g e

7 Nifty Short Term Trend p After a gap up opening in line with the steady global cues, Nifty spot consolidated in a narrow range during the initial hours of the session. However, the sideways move was then followed by a huge momentum on the upside in the final hours of the day. As a result, The Nifty managed to close above 8150-level, up points or 1.08 percent at rend Inline with our view, Nifty has bounced back sharply after o touching the breakout level of rising channel, which also coincides with Daily 6 EMA. Nifty has also given Bullish Flag Pattern breakout in intraday charts, whose targets come to near 8400 levels. Overall trend is still extremely bullish and one should go with the trend. We reiterate our stance that the broader view remains bullish and nifty can rally towards 8400 levels and thus traders should hold long positions with trailing stoplosses. On the contrary, for the time being 8048 remains to be an initial support going forward for the index. A breach of the same might bring in some pessimism on the selected stocks and benchmark indices. Outlook for the Day Positive Market Indices Sensex: Nifty: 8174 Trend Positive Short Term Trend Reversal Only Below 7540 Strategy Buy on declines Level to watch Support: 8088, 8048 Resistance: 8210, 8255 Technical Picks TV18 BROADCAST GSK PHARMA 7 P a g e

8 Technical Picks TV18 BROADCAST CASH - BUY CMP: If we analyze the medium term weekly charts, stock prices of TV18 BROADCAST are in bull trend as the prices are moving in 'HIGHER TOP HIGHER BOTTOM' price cycle. In addition, stock prices have given a bullish pattern breakout in daily chart known as 'FALLING CHANNEL'. In daily chart prices are well above its short term and medium term moving averages i.e. 20SMA, 50SMA and 200SMA which indicates overall bullishness in the counter. Technically looking on all the above scenario a strong upside from the current levels cannot be ruled out. Recommendation: We recommend positional traders to go long in TV18 BROADCAST CASH at/above with SL of 28 for TARGETS of 33/35. GSK PHARMA CASH - BUY CMP: As seen in the chart, stock prices of GSK PHARMA for last two months were trading in a range of and yesterday the prices by giving a close above 2530 have completed a bullish 'RECTANGULAR CHANNEL' pattern. Along with it the prices have given a bullish trendline breakout in daily chart which was previously acting as a strong supply line. The above mentioned patterns are supported with good increase volumes and the impact of the same can lead prices to an upside of 2650/2710 in near term. Momentum oscillators like RSI and MACD are in positive zone supporting the buy call. Recommendation: Looking on the entire above scenario we recommend positional traders to go long in GSK PHARMA CASH at/above 2510 with SL of 2470 for TARGETS of 2650/ P a g e

9 BANKNIFTY CALLS: RANGE FOR THE DAY IS SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS BANKNIFTY FUTURES BUY AT/ABOVE /16555/ IF BANKNIFTY HITS AND RETRACES THEN SELL BANKNIFTY AT/BELOW BANKNIFTY FUTURES SELL AT/BELOW /16200/ BANKNIFTY FUTURES IS STRONG ABOVE NIFTY CALLS FOR THE DAY: RANGE FOR THE DAY IS SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS NIFTY FUTURES BUY AT/ABOVE /8246/ IF NIFTY FUT HITS 8260 AND RETRACES THEN SELL NIFTY FUT AT/BELOW 8238 NIFTY FUTURES SELL AT/BELOW /8155/ NIFTY FUTURE IS STRONG ABOVE 8170 OPTIONS CALLS SCRIP STRIKE PRICE SIGNAL ENTRY LEVELS TARGET STOP LOSS BANKNIFTY 16300CE BUY AT/ABOVE /385/ BANKNIFTY 16100PE BUY AT/ABOVE /310/ NIFTY 8200CE BUY AT/ABOVE 65 91/113/ NIFTY 8100PE BUY AT/ABOVE 38 55/69/84 26 ICICIBANK 1600CE BUY AT/ABOVE 16 29/41/53 11 ICICIBANK 1550PE BUY AT/ABOVE 19 33/45/57 13 INFY 3800CE BUY AT/ABOVE 39 57/69/84 28 INFY 3750PE BUY AT/ABOVE 41 59/71/86 30 RELIANCE 1040CE BUY AT/ABOVE 17 31/42/55 10 RELIANCE 1040PE BUY AT/ABOVE 13 22/30/38 8 SBIN 2600CE BUY AT/ABOVE 34 51/62/75 25 SBIN 2550PE BUY AT/ABOVE 29 44/53/65 21 TECHNICAL CALLS SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS TV18 BROADCAST CASH BUY AT/ABOVE /35/37 28 GSK PHARMA CASH BUY AT/ABOVE /2710/ M&M FUT SELL ONLY BELOW /1335/ ABAN CASH BUY AT/ABOVE /800/ LICHSG CASH BUY AT/ABOVE /340/ HDFC LTD FUT SELL AT/BELOW /1020/ P a g e

10 CORPORATE ACTION Company Purpose Date Balmer Lawrie Ex-date Dividend - Rs. 18 September 09, 2014 GMR Infra Ex-date Dividend - Rs September 09, 2014 Pidilite Ind Ex-date Dividend - Rs September 09, 2014 NEWS UPDATES Punj Lloyd bags Rs 3,515-cr tank farm order from Petronas group Punj Lloyd said that it has secured a Rs 3,515-crore ($581-million) RAPID (refinery and petrochemical integrated development) tank farm order from PRPC Refinery and Cracker Sdn. Bhd., a subsidiary of Petroliam Nasional Berhad (Petronas) group, Malaysia. (BL) L& T Hydrocarbon wins orders worth Rs 1,920 cr L& T Hydrocarbon Engineering, a fully-owned subsidiary of L&T, has secured orders worth Rs 1,920 crore from domestic oil and gas majors. An offshore contract worth Rs 1,340 crore from Oil & Natural Gas Corporation (ONGC), includes engineering, procurement, construction and installation of five wellhead platforms at the Mumbai High North field. (BL) BHEL bags order from NPTI for operating training simulator Bharat Heavy Electricals Limited s city-based Electronics Division has bagged an order from National Power Training Institute for design, engineering, testing, supply, installation and commissioning of Operator Training Simulator for 800MW Super Critical Power Plant, the company said. (BL) Apollo Hospitals explores partnerships in Bahrain India s Apollo Hospitals is exploring partnership opportunities in the super specialty sector of the healthcare industry in Bahrain, a top official of the company has said. (BL) Lanco cuts down workforce by 30% due to slowdown Lanco Infratech, which has interests in infrastructure, power and realty segments, retrenched 30 per cent of its 5,700 workforce during the last financial year due to slowdown in development of some of its projects amid subdued market conditions. (BL) INTERNATIONAL MARKETS UPDATE US markets US markets ended mixed on Monday. S&P 500 was down by 0.31%, Dow Jones was down by 0.14% and NASDAQ was up by 0.18%. European Markets European markets ended mixed on Monday. FTSE was down by 0.30% CAC was down by 0.26% and DAX was up by 0.11%. 10 P a g e

11 NSE (SEPTEMBER FUTURES) SUPPORT & RESISTANCE SUPPORT LEVELS RESISTANCE LEVELS STOCKS S3 S2 S1 PIVOT R1 R2 R3 ABIRLANUVO ACC ADANIENT ADANIPORTS ADANIPOWER ALBK AMBUJACEM ANDHRABANK APOLLOHOSP APOLLOTYRE ARVIND ASHOKLEY ASIANPAINT AUROPHARMA AXISBANK BAJAJ-AUTO BANKBARODA BANKINDIA BATAINDIA BHARATFORG BHARTIARTL BHEL BIOCON BPCL CAIRN CANBK CENTURYTEX CESC CIPLA COALINDIA COLPAL CROMPGREAV DABUR DISHTV DIVISLAB DLF DRREDDY EXIDEIND FEDERALBNK P a g e

12 STOCKS S3 S2 S1 PIVOT R1 R2 R3 GAIL GLENMARK GMRINFRA GODREJIND GRASIM GSKCONS HAVELLS HCLTECH HDFC HDFCBANK HDIL HEROMOTOCO HEXAWARE HINDALCO HINDPETRO HINDUNILVR HINDZINC IBREALEST ICICIBANK IDBI IDEA IDFC IFCI IGL INDIACEM INDUSINDBK INFY IOB IOC IRB ITC JINDALSTEL JISLJALEQS JPASSOCIAT JPPOWER JSWENERGY JSWSTEEL JUBLFOOD JUSTDIAL KOTAKBANK P a g e

13 STOCKS S3 S2 S1 PIVOT R1 R2 R3 KTKBANK L&TFH LICHSGFIN LT LUPIN M&M M&MFIN MARUTI MCDOWELL-N MCLEODRUSS MRF NHPC NMDC NTPC OFSS ONGC ORIENTBANK PETRONET PFC PNB POWERGRID PTC RANBAXY RCOM RECLTD RELCAPITAL RELIANCE RELINFRA RPOWER SAIL SBIN SIEMENS SRTRANSFIN SSLT SUNPHARMA SUNTV SYNDIBANK TATACHEM TATACOMM TATAGLOBAL P a g e

14 STOCKS S3 S2 S1 PIVOT R1 R2 R3 TATAMOTORS TATAMTRDVR TATAPOWER TATASTEEL TCS TECHM TITAN UBL UCOBANK ULTRACEMCO UNIONBANK UNITECH UPL VOLTAS WIPRO YESBANK ZEEL Disclaimer : The information contained in this report is extracted from different public sources and does not represent views/ opinions of or its associated companies. does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for its results obtained from the use of such information. All reasonable care has been taken to ensure that the information contained herein is not misleading or untrue at the time of publication. This is not a sales literature and all the information is for the information of the person to whom it is provided without any liability whatsoever on the part of or any associated companies or any employee thereof. and/ or its directors and/ or its affiliates and/ or employees or any of its affiliates may have interests/ positions, financials or otherwise in the securities or sector mentioned in this report. No matter, from this document should be reproduced or copied in any manner without the prior consent of. Neither not its directors, employees, agents, or representatives shall be liable for any dam-ages whether direct or indirect special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information. 14 P a g e