Daily Report Friday, July

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2 MARKETS AT A GLANCE INDIAN MARKETS INDICES VALUE CHANGE % CHANGE NIFTY SENSEX BANKNIFTY GLOBAL MARKETS INDIAN SECTORIAL INDICES INDICES VALUE % change INDICES % change DJIA S&P NASDAQ FTSE DAX CAC NIKKEI HENGSENG NIFTY AUTO NIFTY FIN SERVICE NIFTY FMCG NIFTY IT NIFTY MEDIA NIFTY METAL NIFTY PHARMA NIFTY PSU BANK NIFTY PVT BANK NIFTY REALTY MARKETS SUMMARY Dancing on the tunes of global markets, Indian market opened on a firm note and hit fresh record highs. The S&P BSE Sensex rallied over 200 points to hit a fresh record high of 32, while Nifty50 inched towards 9,900 as it hit a fresh record high of 9, US markets at record highs, rate cut hopes back home and relatively stable June quarter earnings led to a breakout above key resistance levels on D-Street. The S&P BSE Sensex has already over 5000 points or 20 percent so far in the year 2017 and another 20 percent rally looks unlikely in the second half of the year. But, there will be a lot of stock specific action. URL: Call Us On : Page: 2

3 MOVERS & SHAKERS Gainers of the Day Symbol CMP % change YESBANK 1, ITC HINDALCO BHARTIARTL IBULHSGFIN 1, Losers of the Day Symbol CMP % change IOC ONGC INFRATEL ASIANPAINT 1, EICHERMOT 28, Weeks High Symbol LTP Change % change DALMIABHA 2, ERIS FILATEX HUDCO IGL 1, Weeks Low Symbol LTP Change % change DSKULKARNI HIGHGROUND ORTEL VIMALOIL Volume Shockers OI Spurts Symbol Volume Symbol Change in OI % Change in OI RUBYMILLS 3,04,781 INOXWIND 33,09,074 NETWORK18 64,92,708 MAJESCO 21,56,564 MAZDA 9,20,803 UJJIVAN 3, BPCL LT CHOLAFIN BANKNIFTY 1,98, TCS 9, URL: Call Us On : Page: 3

4 DAILY NEWS Results today: Infosys, Bhansali Engineering Retail inflation eases to 1.54% in June on GST-induced discounts TCS: Profit during the quarter fell 10.1 percent to Rs 5,950 crore from Rs 6,622 crore while revenue declined 0.2 percent to Rs 29,584 crore from Rs 29,642 crore on sequential basis. Mahindra launches Jeeto minivan at Rs 3.45 lakh TCS Q1 -Dollar revenue up 3.1 percent at USD 4,591 million versus USD 4,452 million (QoQ) Biocon in focus - FDA committee nod for Trastuzumab (cancer drug) -Cadila Healthcare: Zydus gets tentative US FDA nod for Fingolimod capsules Zee Entertainment - NCLT has approved the composite scheme of arrangement between the company and Reliance Big Broadcasting for demerger of the general entertainment broadcast business -Ramkrishna Forgings QIP opened on July 13, floor price of Rs 523 per shar -Religare Enterprises in focus - CARE Ratings has revised the rating from AA-(outlook negative) to A for Religare Finvest, a subsidiary, with respect to RFL's NCDs of Rs cror -Pricol acquires 100 percent of the wiping systems business of Ashok Piramal group's PMP Auto Components Private Limite -GTPL Hathway acquires remaining 49 percent stake in GTPL TV Tiger, making it a wholly owned subsidiary GVK completes sale of its residual stake of 10 percent in Bangalore Airport for Rs 1,290 cror -PNB Housing Finance - CRISIL revises rating on loan facilities to AA+/stable from AA+/negative -ICICI Bank in focus - ICICI Group buys stake in Infibeam for Rs 11 crore: E -Tata Group in talks with 21st Century Fox to sell Tata Sky: Min -HDFC Life may call off merger plan with Max Life, focus on IPO: E -Snapdeal may merge with Infibeam to create USD 2 billion company: To -Indo Gulf in focus - Aditya Birla Group ready to sell fertilizer arm; Grasim to exit all low margin businesses: B -Tata Steel seeks shareholders nod to raise Rs 10,000 cror -IL&FS Investment Managers - Blackstone in talks to buy USD 525 million IL&FS Realty Fun -JSW Steel, Monnet Ispat - JSW s offer to buy Monnet Ispat stake was not good enough, SBI tells NCLT: Mint -Oversight panel okays Supreme Infra for debt-rejig plan -Blackstone set to buy 1 million square feet from L&T Realty for Rs 1,000 crore: BS URL: Call Us On : Page: 3

5 SGX NIFTY (9:00am) POINTS MCX GOLD POINTS USD/INR POINTS RBI REFERENCE RATE INR / 1 USD INR / 1 EURO INR / 100 Jap. YEN INR / 1 POUND Sterling SCRIPS IN BAN TODAY HDIL IBREALEST JPASSOCIAT JSWENERGY KSCL UJJIVAN FII DERIVATIVES STATISTICS BUY SELL OPEN INTEREST AT THE END OF THE DAY No. of contracts Amt in Crores No. of contracts Amt in Crores No. of contracts Amt in Crores INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS TOTAL URL: Call Us On : Page: 4

6 TECHNICAL RECOMMENDATIONS 1. ITC FUTURE (BUY) R2 R PIVOT S1 S ITC FUTURE seems to be very bullish, the stock in yesterday trading session surged up with heavy volumes and sailing near small resistance. It closed above 38.2% of Fibonacci, now if it moves above current high it will take further upside. So we advise you to buy it above for the targets of and 346 with stop loss of VEDL FUTURE (BUY) VEDL FUTURE in last trading session was very volatile but stayed bullish. It pulled itself up from lower levels and closed with very bullish candlestick around 78.6% level of Fibonacci. Now it seems to touch higher level. So we advise to buy it above for the targets and 270 with strict stop loss of URL: Call Us On : Page: 5

7 TECHNICAL RECOMMENDATIONS TECHNICAL VIEW : BIRLA CORPORATION CASH (BUY) BIRLA CORPORATION is looking good from current level. The stock has shot up from bottom with huge amount of volumes and closed with a green candlestick. The stock is taking good reversal. So we advise to buy it above 925 for 935 and 958 with strict stop loss of 910 TECHNICAL VIEW : STAR CEMENT CASH (BUY) STAR CEMENT is good pick for tomorrow, it saw a big upside rally with heavy volumes, as soon as it broke strong resistance in last trading session and it closed with a green candlestick. It seems to continue the bull trend. So we advise you to buy it around 130 For and 138 with strict SL of 126 URL: Call Us On : Page: 6

8 TECHNICAL RECOMMENDATIONS 3. NIFTY FUTURE (BUY) NIFTY FUTURE had a historical performance yesterday as it was sailing near Though the trading range was compact but Nifty closed with a bullish candlestick. Now since Nifty has broken a crucial 52 weeks high, we expect It to move further on buying side. Due to profit booking expectations buy it from around for targets of 9900 and 9950 with stop loss below BANK NIFTY FUTURE (BUY) BANKNIFTY FUTURE in yesterday trading session made a record high it opened with a gap up and traded around around 200 points and closed with a green candlestick, since it is Friday tomorrow, the index may see some profit booking and may cover the gap. So we advise you to buy it on some dip around for the targets of and with stop loss of URL: Call Us On : Page: 7

9 PREVIOUS DAY S PERFORMANCE CALL SEG- MENT ADVISE ENTRY TGT SL STATUS NIFTY INDEX BUY GAP UP OPENING BANKNIFTY INDEX BUY NOT EXECUTED EQUITAS FUTURE BUY NO PROFIT NO LOSS ADANIENT FUTURE BUY ST TGT LINCOLN CASH BUY SL TRIGGERED FILATEX CASH BUY BOTH TGT DISCLAIMER This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document including the merits and risks involved, and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Trade Nivesh shall not be in any way responsible for any loss or damage that may arise. URL: Call Us On : Page: 8