Daily Equity Technical Market Analysis Cash Volumes (Rs in Crores) Exchange Today Pev. Day BSE (Cash) 2272 2755 NSE (Cash) 13122 10241 Derivatives (NSE) 227880 179455 Advance / Decline Group Sensex BSE 200 Advance 23 109 Decline 7 91 Unchanged 0 0 Top Index Gainers Scrip LTP % Change JPASSOCIAT 74.95 7.07 KOTAKBANK 479.00 3.74 I NFY 2,550.05 3.23 SIEMENS 860.00 3.19 BPCL 659.95 3.14 Top Index Losers Scrip LTP % Change SESAGOA 191.40-2.27 LT 1373.55-2.15 RELCAPITAL 361.25-2.09 STER 118.50-1.41 RELINFRA 405.00-1.24 Sensex 16,698.07 252.05 Dealer's Diary Nifty 5,015.45 69.55 The Sensex surged by 252 points (1.5%) to close at 16698 and Nifty ended above 5k at the end of September expiry. The Sensex recovered over 400 points from the intra-day low of 16317 to form a high of 16757. However, BSE Mid-cap and Small-cap index ended in red and BSE 200 advanced declined ratio were 1:1. There was short covering in the market in afternoon session after European market bounced back into positive territory and US Future surged over 100 points higher. Germany's Parliament voted on expanding the remit of the euro region rescue fund. Finally, Germany approved adequate rescue package to the Greece. Many stocks like Tata Motors, JP Associates, M&M, ICICI Bank, Reliance, Hero Honda recovered over 6% from the intra-day lows. Auto, Tech, Banking and FMCG stocks witnessed smart rally. However, select metal stocks recorded sharp decline on reports that most global investors predict Chinese growth will slow to less than 5% by 2016 from 9.5%. China is one of the biggest metal consumers in the world. Auto stocks (Index up 2.3%) witnessed smart rally on expectation impressive monthly sales volumes on ahead of festival session. Maruti surged by 2.6% to close at Rs1105 after touching low of 1057. Others like Tata Motors, M&M, Hero Honda and Bajaj Auto witnessed smart gain from the intra-day low. Banking stocks witnessed fresh buying from lower levels (Index up 1.5%). ICICI Bank has gained by 2.5% to close at Rs891. Others like IndusInd Bank, Yes Bank and Andhra Bank have gained marginally. However SBI has slipped by 1% to close at Rs1952. Metal stocks witnessed sharp declined due to sharp declined base metal price on LME. Sterlite slipped by 1.3% to close at Rs119. Sesa Goa declined by 2.5% to close 52-week low at Rs191. However Tata Steel and SAIL bounced back into positive territory. Daily Derivative Technical Market Analysis Nifty Futures Oct (LTP) 5,036.00 93.05 Premium 20.55 Derivative Volumes (Rs in Crores) Exchange No. of Turn Put Call Contracts Over Ratio Index Futures 953239 22588 - Stock Futures 1218068 28897 - Index Options 6913852 172242 1.11 Stock Options 163521 4153 0.52 F&O Total 9248680 227880 1.09 Total 18497360 455760 Dealer's Diary Nifty ended up 70 points at 5015 for the day with huge covering in markets after it crossed 4980 levels in todays trade. Nifty has ended 3.6% higher compared to its previous expiry of 4840 levels. Nifty 4800 PE and 5200 CE has the highest OI in October series. On the upper side resistance is at 5100 and support at 4900 levels. Most Active Stock Future Most Active Nifty Calls Most Active Nifty Puts Stock Price No. of Contracts Index Price No. of Contracts Index Price No. of Contracts Futures Vol OI Option Vol OI Option Vol OI RIL SEP FUT 807.6 36336 23227 SEP 5000 CE 15.65 1304199 70896 SEP 4900 PE 0.05 1163409 205978 ICICI SEP FUT 891.0 18920 16006 SEP 4900 CE 108.55 817945 25874 SEP 5000 PE 0.05 913238 118897 INFY SEP FUT 2251.4 16767 12910 SEP 5100 CE 0.05 248554 101221 SEP 4800 PE 0.05 562125 156273 SBI SEP FUT 1952.6 25570 12760 OCT 5000 CE 170.50 147542 56789 OCT 4900 PE 102.30 138182 61949
Daily Corporate Technical News Analysis Equity Market Sensex 16341.7 200.03 Sensex 16341.7 200.03 Global Indices* DOW FUT 11038 0.51 NASDAQ FUT 2230 0.45 FTSE 5188-0.51 HANG SENG 18011 Unchanged LME Rates* Copper 7075-2.43 Aluminum 2238-0.07 Zinc 1909-1.65 Commodity* Brent Crude 104.72 0.95 Gold 1610.75-0.83 Silver 30.06-1.20 Currency* V/S INR Closing Price Change(%) Dollar 48.94-0.38 Euro 66.32-0.35 Pound 76.55-0.39 Yen 0.638-0.20 Note - *Data as of today, 5P.M. Data Announcement US Bloomberg Survey Prior GDP QoQ 1.2% 1.0% Initial jobless 420K 423K Inflation: Primary Articles 11.43% (previous week 12.17%), Food Articles 9.13% (previous week 8.84%) and Fuel, Power 14.69% (Previous week 13.96%).. 10-year bond yield at 8.40% vs 8.35% earlier CBI says probing Reliance telecom role in Swan transfer case, CBI says probing transfer of Swan to Mauritius based Delphi Ashok Leyland wins 723 vehicles order from Tanzania worth $36.56mn Untech gets Rs3bn sales-booking of new Gurgaon projects Government is reviving a plan to scrap its mega power plant policy, imposing a 5% customs duty on the import of equipment that goes into thermal projects that will generate at least 1,000 megawatts (MW). The government's move is believed to be prompted by a desire to prevent the import of Chinese equipment.. Hindustan Zinc cuts Zinc prices by 1.6%, lead by 2.6%.. M&M priced the top-end version of its new XUV500 sports utility vehicle at 1.2 million rupees. The company will sell the SUV starting at Rs1mn Onmobile Global says share buyback to start on September 30.. As per Global oil major BP Plc Chairman, it will divest some of its assets in Europe and North America to Reliance Indust. as it seeks to deepen its partnership ITC has bought 26% stake in a 275-room, five-star luxury hotel property in Noida and will invest close to Rs. 1bn in the project LME Copper dropped for a second day in London on concern a global recession will affect demand for industrial metals. Copper and Zinc slipped by 1% each while Aluminum gained marginally against the previous day's close. Global markets Asian stocks rose, with the regional benchmark index heading for its biggest three-day gain since December 2009, on speculation German lawmakers will vote to expand a bailout fund for Europe's debt-stricken nations. Nikkei gained by 1% while China's stocks fell, sending the benchmark index to a 14-month low, on concern economic growth will slow as the government maintains measures to curb inflation and demand for exports falters in Europe and the U.S. European stocks increased for the fourth time in five days after German lawmakers backed an enhanced euro-region rescue fund. Asian shares and U.S. index futures advanced. DAX and CAC gained by 0.5% each while FTSE slipped 0.4% against the previous days' close.
Daily Technical Technical Commentary Analysis The Nifty once again recovered from the 4900 support to close above the 10dma but just below the 20dma. The next resistance remains the gap seen last week between 5060 and 5100. The immediate support remains the 3 day low around the 4900 levels, with further support at last Friday's close at 4868. The 14 day RSI at 49 is below equilibrium, while the 14 week RSI is at 41. The Daily Parabolic SAR is indicating a downtrend with reversal at 5088, while weekly Parabolic SAR is also in sell mode with reversal at 5328. Daily Follow Technical up - Open Recommendations Analysis Date Scrip Reco Price Lot Close Target Stop Loss MTM +/- Positional Call# 28-Sep SESAGOA SELL 197.35 1000 193 185 196.5 4355 Option Strategy# 28-Sep JPASSOCIAT 70 PE BUY 4.75 4000 3.45 0 0 (5219) 28-Sep JPASSOCIAT 60 PE SELL 1.55 4000 1.25 0 0 1194 # Please Watch for Followup Alerts provided on the Trading Screen / Call your MOSL Advisor
Daily Pivot Table Technical Analysis Co. Name Close Low S2 S1 PP R1 R2 High Nifty 5,015 4,906 4,857 4,936 4,985 5,064 5,113 5,034 Sensex 16,698 16,317 16,151 16,424 16,590 16,864 17,030 16,756 ACC 1,090 1,077 1,067 1,079 1,088 1,100 1,109 1,098 AMBUJACEM 147 145 143 145 147 149 151 149 AXISBANK 1,072 1,055 1,044 1,058 1,069 1,083 1,095 1,081 BAJAJ-AUTO 1,540 1,494 1,473 1,507 1,527 1,561 1,582 1,548 BHARTIARTL 377 374 370 373 377 381 384 381 BHEL 1,647 1,607 1,572 1,610 1,645 1,682 1,717 1,680 BPCL 660 632 618 639 653 674 688 667 CAIRN 279 271 267 273 277 283 288 282 CIPLA 289 284 282 285 288 291 294 290 DLF 224 217 214 219 222 227 231 226 DRREDDY 1,489 1,480 1,466 1,478 1,491 1,502 1,516 1,504 GAIL 426 416 410 418 424 432 438 430 GRASIM 2,322 2,259 2,200 2,261 2,320 2,381 2,440 2,379 HCLTECH 411 402 397 404 409 415 420 413 HDFC 649 637 626 637 649 660 672 660 HDFCBANK 470 453 444 457 466 479 488 475 HEROMOTOCO 1,993 1,916 1,873 1,933 1,976 2,036 2,079 2,019 HINDALCO 134 128 126 130 132 136 139 134 HINDUNILVR 340 332 325 332 340 347 355 347 ICICIBANK 892 858 844 868 882 906 920 896 IDFC 114 110 109 111 113 115 116 114 INFY 2,550 2,471 2,432 2,491 2,530 2,590 2,629 2,570 ITC 202 196 193 198 200 205 208 203 JINDALSTEL 519 510 503 511 518 526 533 525 JPASSOCIAT 75 69 67 71 73 77 79 75 KOTAKBANK 479 457 449 464 472 487 495 480 LT 1,374 1,349 1,322 1,348 1,375 1,401 1,428 1,402 M&M 814 780 762 788 806 832 850 824 MARUTI 1,104 1,057 1,033 1,069 1,093 1,129 1,153 1,117 NTPC 168 165 162 165 168 171 173 170 ONGC 267 261 256 261 267 272 277 272 PNB 969 946 934 952 963 981 992 975 POWERGRID 98 96 95 96 98 99 100 99 RANBAXY 503 494 487 495 502 509 516 508 RCOM 78 77 76 77 78 79 80 79 RELCAPITAL 361 354 346 354 361 368 376 368 RELIANCE 810 784 774 792 802 820 831 813 RELINFRA 405 397 391 398 404 411 417 410 RPOWER 80 79 78 79 80 81 82 80 SAIL 110 105 102 106 109 112 115 111 SBIN 1,956 1,912 1,893 1,924 1,943 1,975 1,993 1,962 SESAGOA 191 189 187 189 192 194 197 194 SIEMENS 860 820 803 832 848 877 893 865 STER 119 117 115 117 118 120 122 120 SUNPHARMA 466 464 460 463 467 471 475 472 TATAMOTORS 160 151 146 153 158 165 170 163 TATAPOWER 101 99 97 99 101 103 105 103 TATASTEEL 437 417 410 424 431 445 452 438 TCS 1,062 1,036 1,023 1,042 1,055 1,075 1,088 1,068 WIPRO 349 342 339 344 347 352 355 350
Daily Disclaimer Technical Analysis Pivot Point: Intra-Day Trading tool. PP : Pivot Point : This is trigger point for Intra Day buy/sell based on the price range of the previous day. R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1. S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1. As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1. If R1 is crossed then R2 becomes the next target with the stop loss at R1. Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1. If S1 is crossed then S2 becomes the next target with the stop loss at S1. This is a intra-day tool. The key to use of this tool is the use of STOP LOSS. Intra-Day Trading : In general people on the street want to make big bucks overnight and resort to day trading. Day trading is like fighting a battle and to win a battle you need to be equipped with the winning tools. Here we present some of the rules one must adhere to win or to survive. Determine the amount one can afford losing in a day. Do not bet entire amount on a single trade. Divide the amount you can lose in few equal numbers of trades. Stop trading for the day if you have lost the entire amount you allocated for the day. Keep reasonable profit to loss ratio. Profit expected from the trade must be higher than the amount you are ready to lose on the trade. The ratio of 1.5 to 2 is advisable. Do not enter the trade if this condition is not satisfied. Always trade with the trend. Never enter into a trade which is against the larger trend. Avoid trading for the minor pullback or correction. Keep reasonable stop loss levels and follow them very strictly. Never let a profit turn into losses, means keep trailing stop loss. Do not get emotional with the fundamentals in day trading. Disclaimer : This report is for personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. This research report does not constitute an offer, invitation or inducement to invest in securities or other investments and Motilal Oswal Securities Limited (hereinafter referred as MOSt) is not soliciting any action based upon it. This report is not for public distribution and has been furnished to you solely for your information and should not be reproduced or redistributed to any other person in any form. Unauthorized disclosure, use, dissemination or copying (either whole or partial) of this information, is prohibited. The person accessing this information specifically agrees to exempt MOSt or any of its affiliates or employees from, any and all responsibility/liability arising from such misuse and agrees not to hold MOSt or any of its affiliates or employees responsible for any such misuse and further agrees to hold MOSt or any of its affiliates or employees free and harmless from all losses, costs, damages, expenses that may be suffered by the person accessing this information due to any errors and delays. The information contained herein is based on publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, MOSt and/or its affiliates are under no obligation to update the information. Also there may be regulatory, compliance, or other reasons that may prevent MOSt and/or its affiliates from doing so. MOSt or any of its affiliates or employees shall not be in any way responsible and liable for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. MOSt or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. The recipients of this report should rely on their own investigations. This report is intended for distribution to institutional investors. Recipients who are not institutional investors should seek advice of their independent financial advisor prior to taking any investment decision based on this report or for any necessary explanation of its contents. MOSt and/or its affiliates and/or employees may have interests/positions, financial or otherwise in the securities mentioned in this report. To enhance transparency, MOSt has incorporated a Disclosure of Interest Statement in this document. This should, however, not be treated as endorsement of the views expressed in the report.