Short to Medium term outlook on NIFTY & Infrastructure, Cement Sectors/ Stocks. 30 th August, 2018

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Jeremy Maxwell
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1 Short to Medium term outlook on NIFTY & Infrastructure, Cement Sectors/ Stocks 30 th August, 2018

2 Nifty Infrastructure NIFTY Infrastructure Index includes companies belonging to Telecom, Power, Port, Air, Roads, Railways, shipping and other Utility Services providers. The Index comprises of maximum 25 companies listed on National Stock Exchange of India (NSE). NIFTY Infrastructure Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value. NIFTY Infrastructure Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products. Index Variant: NIFTY Infrastructure Total Returns Index. Source NSEINDIA.COM

3 Nifty Infrastructure Top constituents by weightage (%) Larsen & Toubro Ltd , Bharti Airtel Ltd , NTPC Ltd Power Grid Corporation of India Ltd. 8.60, Adani Ports and Special Economic Zone Ltd Bharti Infratel Ltd. 5.11, Container Corporation of India Ltd. 3.08, Tata Power Co. Ltd Voltas Ltd. 2.76, Bharat Heavy Electricals Ltd Source NSEINDIA.COM

4 Chart of Nifty Infra Index from 2010 NIFTYINFRA [N59912] , 2.97% Price Lnr IRIS % Correction Cup with Handle HIGHER BOTTOM Vol Source : 6 Rounding Bottom Cr :J S O N D 11:J M A M J J A S O N D 12:J M A M J J A S O N D 13:J M A M J J A S O N D 14:J M A M J J A S O N D 15:J M A M J J A S O N D 16:J M A M J J A S O N D 17:J M A M J J A S O N D 18:J M A M J J A Mon Source - Spider Software Pvt LTD Kotak Securities - Private Client Group - Path: Login to > Research > Equity Reports > Stock Recommendation Snapshot Kotak Securities - Institutional Equities - Path: Login to > Research > Equity Reports > India Daily Institutional Equities Research Report

5 Basis behind turning bullish on the sector Technical Analysis - Rounding Bottom/Cup with Handle Bullish Consolidation. Technical Analysis - Stock Specific bullish reversal on Long Term Charts-Monthly. Theory of Reforms and Post Reforms During process of reforms /announcements sector remains bullish or sideways. In the later part, after 5 years, which is post reform industry moves to exuberant phase. Fundamentals first time both Cement and Infra companies have surpassed street expectations on Quarterly numbers. Fundamentals Order book is getting better and spreading across segments. Fundamentals Financial disclosure never becomes major problem for large companies.

6 Past Case Study Biggest Reform Period Theme Period Instruments High-1 High-2 % Gains REFORMS NIFTY % POST REFORMS NIFTY % REFORMS LT % POST REFORMS LT % REFORMS NCC % POST REFORMS NCC % REFORMS BHEL % POST REFORMS BHEL % REFORMS ABB % POST REFORMS ABB % REFORMS SIEMENS % POST REFORMS SIEMENS % Source - Spider Software Pvt LTD

7 Past Case Study Biggest Reform Period Theme Period Instruments High-1 High-2 % Gains REFORMS NIFTY % POST REFORMS NIFTY % REFORMS ACC % POST REFORMS ACC % REFORMS INDIACEM % POST REFORMS INDIACEM % REFORMS SHREECEMENT % POST REFORMS SHREECEMENT % REFORMS AMBUJA CEM % POST REFORMS AMBUJA CEM % REFORMS BIRLA CORP % POST REFORMS BIRLA CORP % Source - Spider Software Pvt LTD

8 LARSEN TOUBRO LT [N11483] , 4.43% Price 1 Lnr IRIS RISING TRIANGLE - BULLISH Vol Source : Cr :MA O D 07:F M J A O D 08:F M J A O D 09:F M J A O D 10:F M J A O D 11:F M J A S O D 12:F M J A S O D 13:F M J A S O D 14:F M J A S O D 15:F M J A S O D 16:F M J A S O D 17:F M J A S O D 18:F M J A Mon Source - Spider Software Pvt LTD Kotak Securities - Private Client Group - Path: Login to > Research > Equity Reports > Stock Recommendation Snapshot Kotak Securities - Institutional Equities - Path: Login to > Research > Equity Reports > India Daily Institutional Equities Research Report

9 NCC NCC [N2319] 99.25, 7.24% Price Lnr IRIS / Vol Source : Cr :J S O D 06:F M J A O D 07:F M J A O D 08:F M J A O D 09:F M J A O D 10:F M J A O D 11:F M J A O D 12:F M J A O D 13:F M J A O D 14:F M J A O D 15:F M J A O D 16:F M J A O D 17:F J J A O D 18:F J J A Source - Spider Software Pvt LTD Kotak Securities - Private Client Group - Path: Login to > Research > Equity Reports > Stock Recommendation Snapshot Kotak Securities - Institutional Equities - Path: Login to > Research > Equity Reports > India Daily Institutional Equities Research Report Mon

10 ULTRATECH CEMCO ULTRACEMCO [N11532] , 5.49% Price Lnr IRIS ALL TIME HIGH RISING BULLISH CHANNEL Vol Source : Lk :M A S O D 08:J A M J A S O D 09:J A M J A S O D 10:J A M J A S O D 11:J A M J A S O D 12:J A M J A S O D 13:J A M J A S O D 14:J A M J A S O N D 15:J A M J A S O N D 16:J A M J A S O N D 17:J A M J J A S O D 18:J A M J J A Mon Source - Spider Software Pvt LTD Kotak Securities - Private Client Group - Path: Login to > Research > Equity Reports > Stock Recommendation Snapshot Kotak Securities - Institutional Equities - Path: Login to > Research > Equity Reports > India Daily Institutional Equities Research Report

11 ACC ACC [N22] , 6.03% Price D 0 7 Lnr IRIS RISING BULLISH CHANNEL Vol Source : Cr :N 95:M N 96:J J S N 97:J J S N 98:F A N 99:J J S N 00:J J S N 01:J J S N 02:F A O 03:J J S N 04:J J S N 05:J J S N 06:F A O 07:J J S N 08:J J S N 09:F A O 10:J J S N 11:J J S N 12:J J S N 13:F A O 14:J J S N 15:J J S N 16:F A N 17:J J S N 18:J J 1.19 Mon Source - Spider Software Pvt LTD Kotak Securities - Private Client Group - Path: Login to > Research > Equity Reports > Stock Recommendation Snapshot Kotak Securities - Institutional Equities - Path: Login to > Research > Equity Reports > India Daily Institutional Equities Research Report

12 ACC ACC [N22] , 6.03% Price D 0 7 Lnr IRIS RISING BULLISH CHANNEL Vol Source : Cr :N 95:M N 96:J J S N 97:J J S N 98:F A N 99:J J S N 00:J J S N 01:J J S N 02:F A O 03:J J S N 04:J J S N 05:J J S N 06:F A O 07:J J S N 08:J J S N 09:F A O 10:J J S N 11:J J S N 12:J J S N 13:F A O 14:J J S N 15:J J S N 16:F A N 17:J J S N 18:J J 1.19 Mon Source - Spider Software Pvt LTD Kotak Securities - Private Client Group - Path: Login to > Research > Equity Reports > Stock Recommendation Snapshot Kotak Securities - Institutional Equities - Path: Login to > Research > Equity Reports > India Daily Institutional Equities Research Report

13 NIFTY HEADING FOR TRIANGLE HIEGHT NSE NIFTY [N59901] , 2.86% Price Lnr IRIS Source : Vol Cr :A M J J A S O N D 18:J F M A M J J A Source - Spider Software Pvt LTD Kotak Securities - Private Client Group - Path: Login to > Research > Equity Reports > Stock Recommendation Snapshot Kotak Securities - Institutional Equities - Path: Login to > Research > Equity Reports > India Daily Institutional Equities Research Report Mon

14 Technical Analysis: When to Buy/Sell Fundamental Analysis: Why to Buy/Sell

15 Question & Answer Queries should be specific to stock that are in FNO segment.

16 16

The investor is requested to take into consideration all the risk factors including their financial condition,

17 By referring to any particular sector, Kotak Securities Limited does not provide any promise or assurance of favourable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and take professional advice before investing. Such representations are not indicative of future results. 17

18 Thank You 18

19 Q&A Session 19

NATIONAL STOCK EXCH ANGE OF INDIA LIMITED DEPARTMENT : FUTURES & OPTIONS. Download Ref No : NSE/FAOP/19345 Date : November 14, 2011

NATIONAL STOCK EXCH ANGE OF INDIA LIMITED DEPARTMENT : FUTURES & OPTIONS Download Ref No : NSE/FAOP/19345 Date : November 14, 2011 Circular Ref. No : 116/2011 All NSE Members Sub: Introduction of Futures