Published On 22 Jan 2019 Research Analyst Report 22 JAN 2019 Premium Equity Daily Journal Strictly for Client Circulation Nifty 10922.75-39.10 (-0.36%) Sensex 36444.64-134.32 (-0.37%)
Market Wrap Market tumbles; banks shares decline- Shares tumbled in early afternoon trade as selling pressure intensified. At 12:20 IST, the barometer index, the S&P BSE Sensex, was down 268.32 points or 0.73% at 36,310.64. The Nifty 50 index was down 87.20 points or 0.80% at 10,874.65. The Nifty was trading below 10,900 mark after slipping below that mark in mid-morning trade. Selling in banks shares put pressure on bourses. Key indices opened lower and extended losses as the session progressed. Negative cues from other Asian markets spoiled investors sentiment. Asian shares fell after the International Monetary fund (IMF) slashed its world economic forecast on Monday. Traders in domestic market also booked profits after a five-session winning spree. Sensex, Nifty pare losses- Key equity indices pared losses in mid-afternoon trade. At 14:30 IST, the barometer index, the S&P BSE Sensex, was down 172 points or 0.47% at 36,406.96. The Nifty 50 index was down 62.10 points or 0.57% at 10,899.75. The Nifty was trading below 10,900 mark after slipping below that mark in mid-morning trade. Key indices opened lower and extended losses as the session progressed. Indices hit fresh intraday low in early afternoon trade, but pared losses in mid-afternoon trade. Negative global cues spoiled investors sentiment. Global shares fell after the International Monetary fund (IMF) slashed its world economic forecast on Monday. Traders in domestic market also booked profits after a five-session winning spree.
Buzzing Stocks Gainers: Sun Pharma (+5%), Wipro (+3%), Titan, Kotak Mahindra Bank, Dr Reddy s (+2%); Losers: Vedanta (-4%), Tata Steel, M&M, JSW Steel (-3%). Page Industries stock drops after a block deal. ~1.7 lakh shares or 1.5% equity of the company changed hands in a block deal. Just Dial gains 1.5% after Q3 profit jumps. Sun Pharma stock gains 4% after clarification on corporate governance issues. UFO Moviez slumps 5% as NCLT dismissed merger petition Zensar Technologies declines 4% on weak Q3 results. Prabhat Dairy sells its dairy business to Lactalis for Rs1,700cr; stock down 14%.
Market Action Jan 22, 15:45 Jet Airways 273.10-3.35 (-1.21%) Opinion For Jet Airways to fly, Naresh 3. Goyal must go. Jan 22, 15:45 Bharat Forge 483.00 7.10 (1.49%) Commerce Ministry seeks stakeholders' views on report to revive SEZs. Jan 22, 15:35 Bajaj Consumer Care 352.00-2.80 (-0.79%) Transcript Bajaj Consumer Care Q3 FY 19 Earnings Conference Call Jan 22, 15:00 Interglobe Aviation 1,117.90 55.10 (5.18%) Aviation data: Sector grows over 18% YoY, IndiGo tops in market share Jan 22, 14:45 Asian Paints 1,406.55-14.10 (-0.99%) Asian Paints Q3 profit jumps 14% to Rs 647 cr on robust topline, margin contracts Jan 22, 14:45 Shree Cements 15,900.00 215.65 (1.37%) Shree Cement Q3 net profit falls 10% to Rs 301 crore; posts good operational show Jan 22, 13:30 TVS Motor Company 553.85 15.80 (2.94%) TVS Motor Q3 profit rises 15% YoY at Rs 178.4 crore; revenue rises 26% YoY Jan 22, 13:30 Sun Pharmaceutical Industries 418.05 19.70 (4.95%) Quick Take Sun Pharma: Is this much sunlight enough for investors?
Nifty Spot View NIFTY 50 10922.75-39.10 (-0.36%) Intraday 52 Weeks (Bearish) Open 10,949.80 High 10,949.80 11,760.20 Previous Close 10,961.85 Low 10,864.15 9,951.90 R2 10,996 R1 10,959 Pivot 10,911 S1 10,874 S2 10,826 JUSTIFICATION AND COMMENTS- Benchmark indices ended higher on Monday but gave up some of its intraday gains in the last hour of trading. Nifty finished above 10,950 level with the help of energy stocks led by Reliance Industries. The Sensex was up 192.35 points at 36,578.96, while Nifty was up 54.90 points at 10, 961.90. About 930 shares have advanced, 1651 shares declined, and 155 shares are unchanged. On account of heavy selling pressure at global bourses, the BSE Senssex tanked 134 points to 36,444 levels. The 50-strip Nifty too went down by 39 points to 10,922 levels on Tuesday's close. Stocks from metals, auto, telecom, tech, IT and infra were the major losers in intraday trade while sectors like retail, realty and pharma remained gainers. BSE Midcap slipped 14 points at the closing while BSE Smallcap closed 71 points down from its previous close. Commenting upon the market trend Mehul Kothari, Senior Technical Anayst Equity at IndiaNivesh told, "Since past three sessions, NIFTY was unable to clear the hurdle of 10930. While yesterday the index managed to clear the same on a closing basis which indicates strength. However, the only concern was lower participation from other stock. Pattern wise there is a clear breakout which indicates potential upside towards 11000 11100." However, he maintained that 11100-11200 still remains an important resistance where traders should start booking their long positons for the time being. As per the pivot table 10874-10826 are The intraday support levels for the Nifty index. The intraday resistance in the nifty index is seen in the range of 10996-10959.
Nifty Spot View NIFTY BANK 27482.25-51.35 (-0.19%) Intraday 52 Weeks (Bearish) Open 27,526.55 High 27,533.35 28,388.65 Previous Close 27,533.60 Low 27,385.40 23,605.60 R2 27,614 R1 27,548 Pivot 27,466 S1 27,400 S2 27,318 JUSTIFICATION AND COMMENTS- Benchmark indices recovered from Tuesday's lows but still ended the session with losses as investors turned jittery over slowdown concerns and took to profit-booking in bluechips like Reliance Industries, HDFC, HDFC Bank and Infosys. These stock have primarily driven the recent rally on Dalal Street. The Sensex slipped by over 130 points, settling below 36,450 mark, while the Nifty ended the day above 10,900. Sun Pharma shares surged over 5 percent, Kotak Bank and Wipro also gained. Financials, metal and auto shares were the top drag on indexes. The Sensex settled 134 points lower, or by 0.37 percent, at 36,444 at close. The Nifty ended above 10,900, at 10,922.75, down by 39 points, or 0.36 percent. The Nifty MidCap Index ended 0.11 percent lower. The Bank Nifty slipped 0.19 percent. Sun Pharma settled 5 percent higher, while Wipro, Titan, Kotak Bank, Dr Reddy's Labs, Hero MotoCorp, Bajaj Finance and Yes Bank, gained between 0.9 percent and 2.6 percent. Vedanta, Tata Steel, M&M, Zee Entertainment, HCL Technologies, Tata Steel, Bharti Airtel and Maruti Suzuki slipped between 2 and 4 percent. As per the pivot table 27318-27400 are The intraday support levels for the Nifty Bank index. The intraday resistance in the Bank Nifty index is seen in the range of 27548-27614.
Key Indices Index LTP High Low % Change Nifty 50 Bank Nifty Nifty Next 50 JUSTIFICATION AND COMMENTS- 11,124.35 11,142.75 11,057.60-29.00 Nifty 100 Nifty 200 Nifty 500 Nifty Midcap 100 Nifty Smallcap 100 Advance/Decline Today 10,922.75 10,949.80 10,864.15-39.10 27,482.25 27,533.35 27,385.40-51.35 27,430.75 27,452.65 27,150.60 +108.35 5,742.10 5,750.05 5,705.40-13.95 9,131.15 9,146.30 9,075.25-24.15 17,359.15 17,371.60 17,196.90-19.05 6,298.55 6,307.80 6,254.30-14.20 Index Advance Decline Nifty 50 19 31 Nifty Next 50 28 22 Nifty 100 48 52 JUSTIFICATION Nifty 200 AND COMMENTS- 96 103 Nifty 500 181 310 Sector Indices Today Index LTP High Low % Change Nifty Metal Nifty Auto Nifty Energy Nifty Media JUSTIFICATION AND COMMENTS- 2,343.25 2,376.35 2,324.60-32.70 Nifty Realty Nifty Pharma Nifty Financial Services Nifty FMCG Nifty PSU Bank Nifty IT 2,880.65 2,936.05 2,864.50-65.15 8,675.15 8,726.05 8,580.00-71.70 14,949.85 15,047.70 14,844.25-14.00 236.65 236.95 233.40 +1.75 8,892.60 8,903.30 8,783.05 +157.90 11,670.10 11,706.95 11,630.80-47.25 30,507.60 30,592.40 30,205.35 +22.60 3,013.45 3,048.10 2,998.40-30.00 14,962.60 15,019.60 14,814.95-3.80
INDEX PULLERS AND DRAGGERS Index Pullers Index LTP Change(%) Contribution Points Kotak Mah. Bank 1,291.75 24.15 (1.91%) 7.91 Sun Pharma.Inds. 418.95 20.65 (5.18%) 5.42 Wipro 346.50 8.70 (2.58%) 2.40 Titan Company 982.65 19.90 (2.07%) 2.03 Bajaj Fin. 2,621.90 27.70 (1.07%) 1.62 Index Draggers Index LTP Change(%) Contribution Points H D F C 1,979.40-25.05 (-1.25%) -10.45 HDFC Bank 2,135.85-12.30 (-0.57%) -6.64 M & M 708.50-21.80 (-2.99%) -5.24 Maruti Suzuki 7,068.85-139.55 (-1.94%) -4.73 ICICI Bank 369.05-2.65 (-0.71%) -4.30 Stock Showing Activity Top Gainers- Nifty 500 Index LTP Change(%) Phillips Carbon 178.35 11.05 (6.60%) Strides Pharma 548.30 33.55 (6.52%) Info Edg.(India) 1,632.15 87.45 (5.66%) JUSTIFICATION AND COMMENTS- Interglobe Aviat 1,120.65 57.70 (5.43%) Sun Pharma.Inds. 418.95 20.65 (5.18%) Top Losers- Nifty 500 Index LTP Change(%) Deepak Fert. 118.85-7.75 (-6.12%) ITI 105.15-6.25 (-5.61%) ICICI Sec 210.65-12.00 (-5.39%) JUSTIFICATION Zensar Tech. AND COMMENTS- 221.95-12.10 (-5.17%) SREI Infra. Fin. 32.95-1.75 (-5.04%)
52-Weeks High-Low 52-Weeks High- Nifty 500 52-Weeks Low- Nifty 500 Index LTP Change(%) Index LTP Change(%) Wipro 346.50 8.70 (2.58%) Muthoot Finance 542.40-2.55 (-0.47%) Deepak Fert. 118.85-7.75 (-6.12%) ICICI Sec 210.65-12.00 (-5.39%) IL&FS Transport 9.35-0.45 (-4.59%) Jindal Steel 137.75-6.55 (-4.54%) Guj Pipavav Port 86.75-3.10 (-3.45%) Global Indices Index Date Value Change %Change Straits Times 3,192.71-27.85-0.86% Hang Seng 27,005.45-191.09-0.70% Nikkei 225 20,622.91-96.42-0.47% SSE (Shanghai) 2,579.70-30.81-1.18% Nasdaq 7,157.23 +72.77 +1.03% 22/01/2019 S&P500 2,670.71 +34.75 +1.32% Dow Jones Ind. Avg. 24,706.35 +336.25 +1.38% CAC 40 4,850.59-17.18-0.35% DAX 11,111.64-24.56-0.22% BEL-20 3,462.81-2.48-0.07% FTSE 100 6,928.53-42.06-0.60%
24 Carat Call Performance Note: Profit is calculated on investment of Six Lacs. Date Call Target/SL P&L 18 Jan 2019 SELL INFRATEL AROUND 279-277 TG: 270-264 SL: 282 TG: 270 `19,000/- 17 Jan 2019 SELL DABUR AROUND 420-418 TG: 412/406 SL: 4263 15 Jan 2019 BUYDABURAROUND433-435TG:440/445SL:428 TG: 438 `7,000/- 11 Jan 2019 BUYDABURAROUND421-422TG:426-430SL:417 TG: 430 `13,000/- 10 Jan 2019 09 Jan 2019 08 Jan 2019 SELL INDIANB AROUND 252-251 TG: 248/244 SL: 256 BUY NIITTECH AROUND 1160-1163 TG: 1183-1200 SL: 1140 BUY LUPIN AROUND 840-842 TG: 852-862 SL: 830 25 Dec 2018 BUY NIITTECH AROUND 1149-1151 TG: 1161-1172 SL: 1139 TG: 1161 `5,000/- 24 Dec 2018 BUY UPL AROUND 750-752 TG: 762-772 SL: 740 TG: 759 `7,000/- 24 Dec 2018 SELL DLF AROUND 179-180 TG: 175-170 SL: 185 TG: 175 `13,000/- 12 Dec 2018 BUY M&M AROUND 752-754 TG: 764-774 SL: 742 TG: 764 `10,000/- 07 Dec 2018 BUY INFY BUY AROUND 684-686 TG: 696-706 SL: 674 06 Dec 2018 SELL RELIANCE AROUND 1120-1117 TG: 1107-1093 SL: 1130 TG: 1108.40 `6,000/- 05 Dec 2018 SELL ITC AROUND 274-273 TG: 270-266 SL: 278 TG: 271.50 `5,500/- 04 Dec 2018 SELL TITAN AROUND 925-922 TG: 910-900 SL: 935 TG: 901.6 `16,000/- 03 Dec 2018 SELL UPL AROUND 730-728 TG: 728-718 SL: 740 30 Nov 2018 BUY RBLBANK AROUND 548-550 TG: 560-575 SL: 538 TG: 560 `10,000/- 29 Nov 2018 BUY HINDALCO AROUND 225-226 TG: 230-234 SL: 221 26 Nov 2018 BUY GLENMARK AROUND 645-650 TG: 660-670 SL: 635 TG: 655 `9,000/- 22 Nov 2018 SELL JUSTDIAL AROUND 495-490 TG: 480-470 SL: 410 TG: 487 `9,600/- 21 Nov 2018 SELL RELIANCE AROUND 1120-1116 TG: 1100-1080 SL: 1035 (QTY: 530) TG: 1100 `10,000/- 20 Nov 2018 19 Nov 2018 BUY TITAN AROUND 913-908 TG: 900-890 SL: 924 (QTY: 640 ) BUY JINDALSTEL AROUND 179-180 TG: 184-188 SL: 175 (QTY: 3200 ) 15 Nov 2018 SBIN BUY AROUND 282-285 TG: 290-295 SL: 277 (QTY: 2100) TG: 290 `16,500/- 14 Nov 2018 BUY TITAN AROUND 890-895 TG: 910/920 SL: 875 (QTY: 670) TG: 920 `20,000/-
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