Research Analyst Report

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1 Published On 05 Feb 2019 Research Analyst Report 05 Feb 2019 Premium Equity Daily Journal Strictly for Client Circulation Nifty (0.20%) Sensex (0.09%) &

2 Market Wrap Sensex, Nifty trim gains; cement shares decline- The Sensex and the Nifty came off day's high in mid-afternoon trade. At 14:18 IST, the barometer index, the S&P BSE Sensex, was up points or 0.22% at 36, The Nifty 50 index was up points or 0.21% at 10, After trading almost flat in early trade, indices inched up in morning trade. Indices traded in a narrow range near flat line in mid-morning trade. Key benchmarks firmed up and hit fresh intraday high in early afternoon trade. Stocks held positive zone in afternoon trade. Broader market witnessed selling. Among secondary barometers, the BSE Mid-Cap index was down 0.59%. The BSE Small-Cap index was down 0.92%. The market breadth, indicating the overall health of the market, was weak. On BSE, 777 shares rose and 1645 shares fell. A total of 144 shares were unchanged. Weak market breadth- Stocks held positive zone in afternoon trade. At 13:16 IST, the barometer index, the S&P BSE Sensex, was up points or 0.2% at 36, The Nifty 50 index was up points or 0.24% at 10, After trading almost flat in early trade, indices inched up in morning trade. Indices traded in a narrow range near flat line in mid-morning trade. Key benchmarks firmed up and hit fresh intraday high in early afternoon trade. Among secondary barometers, the BSE Mid-Cap index was down 0.27%. The BSE Small-Cap index was down 0.39%. The market breadth, indicating the overall health of the market, was weak. On BSE, 846 shares rose and 1468 shares fell. A total of 129 shares were unchanged.

3 Buzzing Stocks Titan stock soars 4%. Trading volume was almost quadruple its 20-day average. Larsen & Toubro Infotech stock jumps 5%. Trading volume was 4.1 times its 30-day average. Jubilant FoodWorks tanks 5% on reports of not passing GST benefit on sale of some products. Bharti Airtel stock falls 4% as Moody's cuts rating on unsecured notes. Dr. Reddys stock gains 2%; rival loses bid to prevent Suboxone launch. Whirlpool stock drops 3% after brokerage firm downgrade. Nifty PSU Bank index gains 1%. PNB (+4%), J&K Bank (+2%), SBI, Indian Bank (+1%)

4 Market Action Feb 05, 14:30 Power Finance Corporation (-0.25%). PFC acquiring 52% stake in REC gets CCI's green signal. Feb 05, 13:45 Dena Bank (-1.68%) Merger will not lead to reduction in branches: Dena Bank. Feb 05, 13:45 Bharat Heavy Electricals (-9.18%) BHEL Q3 profit up 25%, but posts weak operational show; stock declines 7%. Feb 05, 13:45 IRB Infrastructure Developers (-12.13%) IRB Infrastructure Developers: Faster execution to drive higher earnings growth. Feb 05, 13:45 Punjab National Bank (0.55%) PNB Q3 profit at Rs crore, NII rises 8% to Rs 4,290 crore; asset quality improves. Feb 05, 12:45 Bajaj Auto 2, (2.46%) Egypt wants to wean away Bajaj Auto s rickshaw drivers to help build a new Cairo instead. Feb 05, 08:00 Lakshmi Vilas Bank (-0.69%) Lakshmi Vilas Bank Q3 net loss widens to Rs 373 crore. Feb 05, 08:00 Bharti Airtel (0.15%) Telcos seek GST waiver on payments to govt, Rs 35K-cr input credit adjustment.

5 Nifty Spot View NIFTY (0.20%) Intraday 52 Weeks (Bullish) Open 10, High 10, , Previous Close 10, Low 10, , R2 10,995 R1 10,964 Pivot 10,925 S1 10,894 S2 10,855 JUSTIFICATION AND COMMENTS- Indian indices are flat in the pre-opening trading with Nifty trading around 10,900 level and The Indian rupee opened higher by 10 paise at per dollar versus previous close but Wall Street gained on Monday, with all three major indexes closing near session highs as sustained optimism on the prospects for US-China trade relations propelled technology shares and Benchmark indices are trading flat with Nifty holding above 10,900 level and Foreign Institutional Investors (FIIs), which were net sellers in Indian markets both in equities as well as debt segment for the December quarter, raised stake in nearly 400 companies in the same period, data from Ace Equity showed. Equities have ended the session on a flat note, with the Nifty closing above 10,900-mark. At the close of market hours the Nifty up points or 0.20% at Nifty Index closed above 200 day s EMA on Monday and On today trading session Nifty Index again sustain on 200 day s EMA and broke its previous swing high with good volume and closed above it because Foreign investors raised stake in as many as 387 companies from previous quarter. Now Nifty Index is gone toward to strong resistance level if Nifty Index will be broke resistance level then further upside movement will be come so now Nifty Index look bullish ahead because its failed to broke the 200 day s EMA and its also broke its previous high and Recent US data and the Federal Reserve's dovish turn kept lifting Asian stocks early on Tuesday, while the dollar held the upper hand against its rivals. 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 (0.31%) Intraday 52 Weeks (Bullish) Open 27, High 27, , Previous Close 27, Low 27, , R2 27,452 R1 27,361 Pivot 27,084 S1 27,166 S2 27,062 JUSTIFICATION AND COMMENTS- The Reserve Bank of India is likely to change its monetary policy stance to 'neutral' from 'calibrated tightening' on Thursday and move closer to a rate cut in April as inflation stays below the central bank's 4 per cent target and India s central bank eased operational curbs on three state-run lenders, interim finance minister Piyush Goyal told federal lawmakers during his budget speech Friday that he expects the eight remaining public sector financiers to also be out of the ambit of the prompt corrective action (PCA) framework soon and Foreign Institutional Investors (FIIs), which were net sellers in Indian markets both in equities as well as debt segment for the December quarter, raised stake in nearly 400 companies in the same period, data from Ace Equity showed. Bank Nifty unable to breached the strong support level of 26,923 and closed above it with good on yesterday But on today s trading session Bank Nifty Index remained in range but later Bank Nifty Index broke its previous swing high and closed above it because of Foreign investors raised stake in as many as 387 companies from previous quarter which includes HDFC, Bharat Financial Inclusion, Indiabulls Housing Finance, IndusInd Bank, Shriram Transport etc. Now Bank Nifty Index look bullish ahead because Bank Nifty Index successfully sustained on moving average & support level also If Bank Nifty Index broke the level of 27,400 then further upside movement will be come. 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- 11, , , Nifty 100 Nifty 200 Nifty 500 Nifty Midcap 100 Nifty Smallcap 100 Advance/Decline Today 10, , , , , , , , , , , , , , , , , , , , , Index Advance Decline Nifty Nifty Next Nifty JUSTIFICATION Nifty 200 AND COMMENTS 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 2, , , , , , , , , , , , , , , , , , , , , , , ,

8 INDEX PULLERS AND DRAGGERS Index Pullers Index LTP Change(%) Titan Company 1, (4.34%) 4.45 IndusInd Bank 1, (2.30%) 4.33 Axis Bank (1.28%) 4.05 Maruti Suzuki 7, (1.65%) 3.77 HDFC Bank 2, (0.26%) 2.92 Contribution Points Index Draggers Index LTP Change(%) Contribution Points ITC (-1.05%) O N G C (-2.32%) Coal India (-2.75%) ICICI Bank (-0.35%) Tata Steel (-2.16%) Stock Showing Activity Top Gainers- Nifty 500 Index LTP Change(%) Praj Inds (7.28%) Dewan Hsg. Fin (5.89%) Balrampur Chini (5.57%) JUSTIFICATION GRUH Finance AND COMMENTS (4.96%) Reliance Nip.Lif (4.92%) Top Losers- Nifty 500 Index LTP Change(%) Reliance Power (-30.52%) Rel. Comm (-28.48%) Suzlon Energy (-24.21%) JUSTIFICATION CG Power & Indu. AND COMMENTS (-15.76%) JP Associates (-13.45%)

9 52-Weeks High-Low 52-Weeks High- Nifty Weeks Low- Nifty 500 Index LTP Change(%) Titan Company 1, (4.34%) UPL (3.61%) Axis Bank (1.28%) Divi`s Lab. 1, (0.56%) Aarti Inds. 1, (-2.52%) Index LTP Change(%) Reliance Power (-30.52%) Suzlon Energy (-24.21%) CG Power & Indu (-15.76%) JP Associates (-13.45%) Reliance Nav.Eng (-13.43%) Global Indices Index Date Value Change %Change Nikkei , % Straits Times 3, % Hang Seng 27, % SSE (Shanghai) 2, % Nasdaq 7, % 05/02/2019 S&P500 2, % Dow Jones Ind. Avg. 25, % DAX 11, % BEL-20 3, % CAC 40 5, % FTSE 100 7, %

10 24 Carat Call Larsen & Toubro Limited 1, % (Bearish) Today's Price Status Volume traded 1,447,400 Weighted Avg Price Face Value 2.0 Prev. Close Open Price Bid Price(Qty.) 0.00 (0) Moving Averages 30 Day 1, Day 1, Day 1, Day 1, R2 1,332 R1 1,318 Pivot 1,309 S1 1,295 S2 1,286 JUSTIFICATION AND COMMENTS- - LT Looks bearish on daily charts. - Stock has formed strong resistance level on daily chart & Its failed to broke resistance level. - Stock has been formed strong resistance level & its unable to broke resistance level & its consolidate below resistance level & formed a bearish candelstick pattern on daily chart with good volume. - Stock had breached 200 day s EMA and closed below it. If it will be broke its previous low then further downside movement will be come - Looking at the Chart Structure, Technical Pattern, Moving Averages, We are bearish on the Counter and suggest selling in the next trading session. SELL LT AROUND TG: SL: 1313

11 24 Carat Call Performance Note: Profit is calculated on investment of Six Lacs. Date Call Target/SL P&L 01 Feb 2019 BUY HDFC AROUND TG: SL: 1950 TG: 1973 `7,000/- 31 Jan 2019 BUY DABUR AROUND TG: SL: 434 TG: 455 `13,500/- 18 Jan 2019 SELL INFRATEL AROUND TG: SL: 282 TG: 270 `19,000/- 17 Jan 2019 SELL DABUR AROUND TG: 412/406 SL: Jan 2019 BUY DABUR AROUND TG: 440/445 SL: 428 TG: 438 `7,000/- 11 Jan 2019 BUY DABUR AROUND TG: SL: 417 TG: 430 `13,000/- 10 Jan 2019 SELL INDIANB AROUND TG: 248/244 SL: Jan Jan 2019 BUY NIITTECH AROUND TG: SL: 1140 BUY LUPIN AROUND TG: SL: Dec 2018 BUY NIITTECH AROUND TG: SL: 1139 TG: 1161 `5,000/- 24 Dec 2018 BUY UPL AROUND TG: SL: 740 TG: 759 `7,000/- 24 Dec 2018 SELL DLF AROUND TG: SL: 185 TG: 175 `13,000/- 12 Dec 2018 BUY M&M AROUND TG: SL: 742 TG: 764 `10,000/- 07 Dec 2018 BUY INFY BUY AROUND TG: SL: Dec 2018 SELL RELIANCE AROUND TG: SL: 1130 TG: `6,000/- 05 Dec 2018 SELL ITC AROUND TG: SL: 278 TG: `5,500/- 04 Dec 2018 SELL TITAN AROUND TG: SL: 935 TG: `16,000/- 03 Dec 2018 SELL UPL AROUND TG: SL: Nov 2018 BUY RBLBANK AROUND TG: SL: 538 TG: 560 `10,000/- 29 Nov 2018 BUY HINDALCO AROUND TG: SL: Nov 2018 BUY GLENMARK AROUND TG: SL: 635 TG: 655 `9,000/- 22 Nov 2018 SELL JUSTDIAL AROUND TG: SL: 410 TG: 487 `9,600/- 21 Nov 2018 SELL RELIANCE AROUND TG: SL: 1035 (QTY: 530) TG: 1100 `10,000/- 20 Nov 2018 BUY TITAN AROUND TG: SL: 924 (QTY: 640 )

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