Daily Market Insights

Transcription

1 Daily Market Insights 24 th July 2018 Market Snippet On first trading day of the week, local stocks advanced bolstered by the government's reduction in GST rate on 88 goods and services. Trading started on upbeat note buoyed by the Narendra Modi government winning the no-confidence motion in the Lok Sabha on Friday, 20 July Indices extended gains as session progresses and than fresh buying pushed the indices to hit day's high in late trade. The Nifty 50 gained points and settled the day at FMCG sector were the major gainer and IT sector were the major losers of the day. Global Markets Australia stocks were lower after the close on Monday, as losses in the Healthcare, A-REITs and Consumer Discretionary sectors led shares lower. At the close in Sydney, the S&P/ASX 200 fell 0.87%.Shares of China's ZTE Corp rose as much as 3.8% in Hong Kong on Monday after U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on the telecommunications equipment maker. INDEX ADVANCE DECLINE UNCHANGED NSE INDEX ADVANCE DECLINE UNCHANGED Gainers BSE LARGECAP %CHANGE MIDCAP %CHANGE UPL % PCJWELLER % VEDL +4.55% BATAINDIA +7.31% BHARTIARTL +3.92% NAUKRI +5.80% BAJAJFINSV +3.89% VGUARD +5.14% ITC +3.70% CASTROLIND +5.04% Losers LARGECAP %CHANGE MIDCAP %CHANGE HEROMOTOCO -6.26% TVSMOTOR -4.04% BAJAJ-AUTO -5.47% MPHASIS -3.01% WIPRO -2.31% JUBLFOOD -2.10% GRASIM -1.88% MINDTREE -1.76% TECHM -1.65% APOLLOTYRE -1.57% Nifty Indian Markets INDEX VALUE CHANGE %CHANGE NIFTY % SENSEX % NIFTYBANK % INDIA VIX % International Markets INDEX VALUE CHANGE %CHANGE DOW % NASDAQ % FTSE % SHANGHAI % NIKKEI % Intraday super stars OUR PREVIOUS CALLS UPDATE Date Stocks Entry Exit P/L 23/07 GLENMARK(L) /07 PIDLITIND(S) UNEX Multibagger Date Stock Entry Exit P/L 23/07 WOCKPHARM(S) Trifid special Date Stock Entry Exit P/L 23/07 CANBK(L) For our next calls click here.

2 Stock Snippets Cadilah Healthcare Limited received final approval from USFDA for Acetylcysteine Injection. Sterlite Technologies (STRTECH) has completed the acquisition of Metallurgica Bresciana S.p.A., a European specialized optical cable manufacturer based in Italy. On July 30, NHPC board meet to consider the proposal for rising of corporate debentures/bonds aggregating to Rs 3300 crore. Reliance Industries (RIL) fell 0.92%. Reliance Brands, a subsidiary of RIL, has purchased an additional 8.14% equity stake in Genesis Colors (GCL) for about Rs crore CG Power &- Industrial Solutions has sold the assets and shares of the company's business in Hungary owned by the Company's subsidiary, CG Electric Systems Hungary Zrt (ESHU) at an Enterprise Value of Euro 38 million to Ganz Villamossagi Zrt and Alester Holdings. Eros International Media in association with Abhishek Pictures will release the much awaited, big ticket Telugu action fantasy thriller Saakshyam on 27 July Global Markets Japan stocks were lower after the close on Monday, as losses in the Manufacturing, Rubber and Insurance sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.33%. Taiwan stocks were higher after the close on Monday, as gains in the Trading & Consumer Goods, Electricity and Electronic Parts/Components sectors led shares higher. Philippines stocks were lower after the close on Monday, as losses in the Property, Services and Holding Firms sectors led shares lower. At the close in Philippines, The PSEi Composite lost 0.31% DATE: 23/07/18 FII/DII CASH MTD YTD FII DII Sectoral gainers and losers SECTOR %CHANGE IN ADV DEC MARKETCAP Consumer Durables 3.92% 9 3 Tobacco 3.85% 3 1 Telecommunication 2.81% 25 6 Chemicals 2.59% Cement & Construction 2.05% Consumer Nondurables 1.94% 23 8 Engineering & Capital Goods 1.52% Services 1.14% Metals & Mining 1.07% Utilities 1.02% 15 7 Media & Entertainment 1.01% Pharmaceuticals 0.95% Retail & Real Estate 0.85% Banking & Financial Services 0.84% Manufacturing 0.72% Food & Beverages 0.57% Automotive 0.30% Information Technology 0.05% Conglomerates 0.02% Miscellaneous -0.05% Oil & Gas -0.33% 15 7 Stocks breakout on moving average STOCKS PRICE 30DMA SREEL KCP UNIENTER DEEPIND

3 Intraday super star calls (Premium Section) TATAMOTORS EQ showed signs of reversal from sell trend forming bullish hammer candle formation on daily chart. The stock may trade higher if breaks the level so drawn. BUY ABOVE TARGETS /266.05/ SL ESCORTS EQ formed bullish hammer candle on daily chart and closed near to immediate resistance line. The stock may give breakout if sustains above the resistance so drawn. BUY ABOVE TARGETS /879.50/ SL

4 F&O Multibagger call (Premium Section) TCS FUT consolidated on charts forming ascending triangle. The stock fut may surge higher if breaks the resistance so drawn. BUY ABOVE 2007 TARGETS 2013/2019 SL 2001.

5 Trifid Special call (Premium Section) VEDL EQ gave the trend line breakout and closed higher with increased buy side volume. Further buying may be seen in stock. BUY ABOVE TARGETS SL

6 Major Indices Movement Nifty Technical s Nifty surged on the very first trading session of expiry week and closed higher at The next key support and resistance for the market is at and Bank Nifty Technical s Nifty Bank also surged higher and formed bullish engulfing candle formation on daily chart to close at The next key support and resistance for the banking index is at and Index 20-July July-18 Change in OI % Change NIFTY % SCRIPS IN F&O BAN FOR TRADE NIL.

7 Up s and Down s Stocks at 52 Week High Stocks New 52 W/H Previous High ASIANPAINT BAJAJFINSV BAJFINANCE BANDHANBNK BATAINDIA Stocks Approaching 52 Week High Stocks LTP 52W High TCS SANOFI BHARATFIN RELIANCE YESBANK Stocks rising continuously 2-3 days Stocks LTP MRF AJANTPHARM L&TFH ADANIENT Stocks at 52 Week Low Stocks New 52 W/L Previous Low 8KMILES ABAN ACCELYA APOLLO APOLLOHOSP Stocks Approaching 52 Week Low Stocks LTP 52W Low VOLTAMP APARINDS RAJESHEXPO BANCOINDIA ABB Stocks falling continuously 2-3 days Stocks LTP UBL KPIT OIL BPCL Event Calendar(23 rd JULY2018 to 28 th JULY2018) 23/07/18 (Mon) 24/07/18 (Tues) 25/07/18 (Wed) 26/07/18 (Thur) 27/07/18 (Fri) 28/07/18 (Sat) ACC, LTI, HINDZINC, ISEC. RADICO, KRBL, NAUKRI, KAJARIACER. JUBLFOOD, LT, SANOFI, HEROMOTOCO, SKFINDIA, INFRATEL. PETRONET, ITC, BHARATFIN, STARCEMENT, DRREDDY. ECO DATA FX RESERVE BANKBARODA, ICICIBANK, KIRLOSBROS. JKCEMENT, PERSISTENT.

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