Technical & Quant Update

Transcription

1 Technical & Quant Update IBREALEST Trading Calls Long/Buy 1st Dec 2017 After consolidation it has broken the 50 & 100 SMA with volume. Hence we advise to buy near 217 for the price targets of 231 and 237 with 203 as SL. Stochastics is also supporting the pattern. Market SGX Nifty Nifty Key Levels Support Resistance Edition 969 Value % Change % S1 : S2: 9955 R1 : R2: DABUR Long/Buy 17th Nov 2017 After small consolidation it has broken 50 & 100 SMA with good volume and also taken support at lower band. Hence we advise our client to buy near for the price target of and 360 with as SL. MCX Long/Buy After long time and price wise correction. On 17th Nov it has confimed th DB set on daily chart with resonalble volumes. Hence we advise client to buy near 964 for the price target of 1019 and 1045 with 909 as SL. Stochastics is also supporting this setup. HEROMOTOCO Long/Buy 17th Nov th Nov 2017 Heromotocorp has corrected around 13% since last one and half month. Currently the stock has found a strong support at 200 DMA.The momentum indicators ( like RSI and Stochastic) also reached at their oversold zones. So some pullback rally is expected from the current level. Therefore we advise traders to initiate long position in the stock near Rs 3655 with a stop loss of Rs The upside targets are Rs 3738 and Rs Market Outlook Nifty trading above 23 times its trailing 12 months earning requires the market to go in for a price or time correction. Though on-going 2nd quarter FY18 earning season has gone well with a clearer sign of margin improvement. But at such elevated level of valuation, good earning is not enough.rather it needs to be great to support price momentum from hereon. In the recent fall, Nifty gave a good respect to the level of (today Nifty made a low of and then rebound from that level). If Nifty breaches (previous low), the lower high and lower low condition would be confirmed and some selling pressure is likely to emerge in the market. In the downward path nifty may find strong supports near 9940 and then Therefore we advise traders to maintain a stop loss at of the long positions Institutional Turnover FII Buy(Cr.) Sale(Cr.) Net(Cr.) 04-Dec (334) Dec (27) DII Buy(Cr.) Sale(Cr.) Net(Cr.) 04-Dec Dec Sectoral Performance (%) 1 Day 1 Week 1Month 1 Year Auto Components (0.1) (0.1) Automobiles (0.5) (2.2) (1.0) 30.2 Chemicals (0.8) (1.3) (0.7) 35.1 Construction Materials (0.8) (1.9) (4.8) 32.6 Construction & Engg Div. Financial Services Electrical Equipment (0.2) (1.3) (0.6) 33.1 Energy (0.1) (3.2) (5.0) 37.5 Financials (0.2) (3.1) (3.9) 36.2 Health Care 0.4 (1.0) (3.7) (8.7) Household Durables Household Pers. Products Information Technology 0.94 (1.3) Metals/Mining/Minerals (0.1) (2.6) (6.7) 22.8 Telecom (0.5) (2.8) (10.3) 27.1 Utilities 0.0 (2.6) (2.5) 23.2 Narnolia Securities Ltd Market Research

2 Participant wise Open Interest In Equities Derivative (no. of contracts) Long Position Short Position DII FII Pro Other DII FII Pro Other Future Index Future Index Future Stock Future Stock Option Index Call Option Index Call Option Index Put Option Index Put Option Stock Call Option Stock Call Option Stock Put Option Stock Put High ES & High PS Stock Maintaining Strength High ES & Low PS Stock Showing Strength BSE Code NSE CODE 1 Month Return % BSE Code NSE CODE 1 Month Return % IFBIND MOREPENLAB VAKRANSOFT LAOPALA POLARIS FORBESGOK EVEREADY RENUKA RADICO GHCL TATAGLOBAL EXCELCROP PAPERPROD PIIND HATSUN APOLLOHOSP TITAN ATFL AHLUCONT AMARAJABAT 10.4 Low ES & Low PS Stock Maintaining Weakness Low ES & High PS Stock Showing Weakness BSE Code NSE CODE 1 Month Return % BSE Code NSE CODE 1 Month Return % SABTN (44.84) DEEPAKFERT (20.89) RCOM (33.49) WELCORP (20.25) MARKSANS (22.88) VEDL (14.77) CADILAHC (16.66) SANGHIIND (14.17) RECLTD (16.01) IDEA (12.58) UCOBANK (13.01) GSFC (12.51) DENABANK (12.01) PNB (12.27) ORIENTBANK (11.57) CHENNPETRO (10.84) UNITEDBNK (11.22) SHOPERSTOP (10.79) RPOWER (10.91) BHARTIARTL (10.73) * ES- Earning Score is average of EM (Earning Momentum defined as relative performance in terms of operating profit growth) and EQ (Earning Quality defined as relative balance sheet strength in terms of debt and working capital) * PS- Price Score is of a companiy is relative price performance in multiple time-frame # Analysis shown here is only for companies with market cap more than Rs 1,000 Cr. Narnolia Securities Ltd Market Research

3 Since last one and a half month i.e from second week of October Nifty has been moving in a box range of to With a fall of 268 points in last week Nifty is at the bottom of the box range and with this it is also in oversold zone on daily charts. We can expect a bounce back from this level. Simply put there are now two scenarios: Holds In this scenario we can expect a bounce back which will be further strengthened with Nifty crossing Once Nifty crosses level it will be back in channel C1 and uptrend can resume with resistance at and levels Does not Hold In this scenario we can easily expect another 200 point fall till With this, for medium term Nifty becomes sell on rally market from existing buy on dips. WEEKLY CANDLESTICK CHART RESISTANCE AND SUPPORT LEVELS BASED ON WEEKLY AND DAILY ANALYSIS RESISTANCE/SUPPORT NIFTY LEVEL JUSTIFICATION Resistance DMA Resistance LONG TERM RESISTANCE LINE Resistance TOP OF BOX RANGE Support PREVIOUS WEEK LOW Support DMA Support MEASURED RANGE Narnolia Securities Ltd Market Research

4 Rating : Long / BUY Initiation Date 1-Dec-17 BSE Code Buy Price 217 NSE Symbol IBREALEST Stop Loss wk Range H/L /65 Target Price1 231 Mkt Capital (Rs Cr) Target Price2 237 Av.Cash Volume 5,871 Upside in Tgt Open Interest - Upside in Tgt Technical Chart- Daily After consolidation it has broken the 50 & 100 SMA with volume. Hence we advise to buy near 217 for the price targets of 231 and 237 with 203 as SL. Stochastics is also supporting the pattern. Narnolia Securities Ltd Market Research

5 Rating : Long / BUY Initiation Date 17-Nov-17 BSE Code Buy Price NSE Symbol DABUR Stop Loss wk Range H/L / Target Price Mkt Capital (Rs Cr) Target Price2 360 Av.Cash Volume 19,131 Upside in Tgt Open Interest - Upside in Tgt Technical Chart- Daily After small consolidation it has broken 50 & 100 SMA with good volume and also taken support at lower band. Hence we advise our client to buy near for the price target of and 360 with as SL. Narnolia Securities Ltd Market Research

6 Rating : Long / BUY Initiation Date 17-Nov-17 BSE Code Buy Price 964 NSE Symbol MCX Stop Loss wk Range H/L / Target Price Mkt Capital (Rs Cr) 4906 Target Price Av.Cash Volume 4,906 Upside in Tgt Open Interest - Upside in Tgt Technical Chart- Daily After long time and price wise correction. On 17th Nov it has confimed th DB set on daily chart with resonalble volumes. Hence we advise client to buy near 964 for the price target of 1019 and 1045 with 909 as SL. Stochastics is also supporting this setup. Narnolia Securities Ltd Market Research

7 Rating : Long / BUY 14-Nov-17 BSE Code Buy Price 3655 NSE Symbol HEROMOTOCO Stop Loss wk Range H/L / Target Price Mkt Capital (Rs Cr) Target Price Av.Cash Volume(,000) Upside in Tgt1 2% Open Interest Upside in Tgt2 6% Technical Chart Heromotocorp has corrected around 13% since last one and half month. Currently the stock has found a strong support at 200 DMA.The momentum indicators ( like RSI and Stochastic) also reached at their oversold zones. So some pullback rally is expected from the current level. Therefore we advise traders to initiate long position in the stock near Rs 3655 with a stop loss of Rs The upside targets are Rs 3738 and Rs Narnolia Securities Ltd Retail Technical Reseach

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