REPORT 26th Feb to 1st Mar 2018 Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore-452001 (M.P.) India Mobile :+91-9039261444 E-mail: info@tradenivesh.in
REPORT INDICES VALUE INDIAN MARKETS CHANGE (weekly) MARKET SUMMARY % CHANGE (weekly) NIFTY 10491 38.7 0.37% SENSEX 34142.15 131.39 0.39% BANK NIFTY 25302.5 138.6 0.55% INDIAN SECTORIAL INDICES INDICES % CHANGE NIFTY 500 9,235.60(-27.99%) NIFTY NEXT 50 29,501.90(-0.43%) Nifty MID100 19,701.30(0.04%) NIFTY IT 12,437.90(3.48%) The Nifty50 recovered from the important support of 10,300. The current pullback is expected to stay for some time considering the cool off in volatility in the Indian. This means volatility writers have become active at this crucial value area of Nifty while the Nifty should trade with a positive bias for some time. Bajaj Finserv Ltd, Grasim Industries Ltd, and Titan Company Ltd will be added in the benchmark index Nifty 50, the NSE said. The companies, which will be dropped are Ambuja Cements Ltd., Aurobindo Pharma Ltd., and Bosch Ltd. However all three exclusions are added in Nifty Next 50. With the exclusion of Aurobindo Pharma, the count of pharma companies will be four. Number of financial services firms will be 11 after Bajaj FInserv Ltd s inclusion. NIFTY 100 10,831.35(0.24%) NIFTY BANK 25,163.90(0.55%) NIFTY REALTY 327.2(-49.82%) NIFTY INFRA 3,441.40(-0.54%) NIFTY ENERGY 13,801.05(0.11%) NIFTY MIDCAP 50 5,131.25(-37.43%) 2
REPORT MOVERS & SHAKERS LAST WEEK Losers of the Week Symbol CMP % change BPCL 429.9-7.69% BAJAJ AUTO 2986.4-3.79% ASIAN PAINTS 1101.8-3.68% MAHINDRA & MAHINDRA 718.65-3.37% BOSCH 18920.6-3.24% Gainers of the Week Symbol CMP % change TECH MAHINDRA 621.45 6.35% VEDANTA 337.9 5.68% TCS 3075.8 4.87% BHARTI INFRATEL 340.4 3.92% YES BANK 323.45 3.74% GLOBAL INDICES U.S. DJIA S&P 500 NASDAQ 25309.99(0.36%) 2747.3(0.55%) 7337.39(1.35%) EUROPEAN CAC 40 DAX FTSE 100 12483.79(0.26%) 5317.37(0.68%) 7244.41(-0.69%) ASIAN NIKKEI HANG SENG SHANGHAI COM. 21892.78(0.79%) 31267.17(0.49%) 3289.24(2.81%) INDIAN CURRENCY USD-INR EUR-INR GBP-INR JPY-INR USD INDEX 64.7425(0.73%) 79.645(-0.77%) 90.255(-0.18%) 60.5775(0.02%) 81.81(-8.16%) 3
CORPORATE ACTIONS THIS WEEK Company Action Date FORTIS Results 28-Feb-18 RAIN Results 28-Feb-18 FDC Buyback 26-Feb-18 INFIBEAM Interim Dividend 26-Feb-18 VIDHIING Interim Dividend 27-Feb-18 OMMETALS Interim Dividend 27-Feb-18 MAYURUNIQ Interim Dividend 28-Feb-18 IDFCBANK Interim Dividend 28-Feb-18 HINDPETRO Interim Dividend 28-Feb-18 REPORT SHILPAMED Interim Dividend 1-Mar-18 4
REPORT NIFTY OUTLOOK R3 10809.48 R2 10662.72 R1 10583.63 Pivot 10436.87 S1 10357.78 S2 10211.02 CLOSE 10504.55 OPEN 10470.00 HIGH 10515.95 LOW 10290.10 CHANGE 51.2 S3 10131.93 % CHANGE 0.48 TECHNICAL VIEW NIFTY FUTURE - In last week traded around 200 points the overall trend of Nifty was positive. The index saw huge profit initially and had been losing consecutively but it took support of lower channel line and is still trading within the channel. The index made a Dragonfly Doji kind of pattern on weekly chart which suggests that a reversal in the trend can take place. So buy Nifty Future above 10530 for 10680 and 10750 with strict stop loss of 10280. 5
REPORT NIFTY BANK OUTLOOK R3 26267.22 R2 25838.58 R1 25610.07 Pivot 25181.43 S1 24952.92 S2 24524.28 CLOSE 25381.55 OPEN 25300.05 HIGH 25409.95 LOW 24752.80 CHANGE 189.35 S3 24295.77 % CHANGE 0.75 TECHNICAL VIEW BANKNIFTY FUTURE saw recovery in last two sessions of the week. The index declined around 550 points initially later pulled back from support and recovered all losses. The index is trading with in a big channel on weekly chart and closed with a doji candlestick on support. So buy Banknifty Future above 25400 for 25700 and 24900 with strict stop loss of 24900 6
REPORT RECOMMENDATIONS MINDTREE FUTURE. R3 987.37 R2 900.28 R1 854.27 Pivot 767.18 S1 721.17 S2 634.08 CLOSE 808.25 OPEN 708.10 HIGH 813.20 LOW 680.10 CHANGE 94.6 S3 588.07 % CHANGE 13.25 TECHNICAL VIEW MINDTREE FUTURE ( BUY) (28-MAR-2018) MINDTREE FUTURE had a very bullish week where it saw upside rally in almost all sessions and breaking lifetime high with heavy volumes it closed with a strongly bullish candlestick. The stock has a resistance of Fibonacci 138.2% extension level. But till than it seems positive, so buy it if it sustains above 814 for 830 and 840 with stoploss above 790. 7
REPORT RECOMMENDATIONS KSCL FUTURE R3 561.8 R2 531.4 R1 513.45 Pivot 483.05 S1 465.1 S2 434.7 CLOSE 495.50 OPEN 456.55 HIGH 501.00 LOW 452.65 CHANGE 35.8 S3 416.75 % CHANGE 7.78 TECHNICAL VIEW KSCL FUTURE ( BUY) (28-MAR-2018) KSCL FUTURE shows sign of strong reversal from these level. The stock took U turn from critical support with huge volume and closed with a Bullish Engulfing Candlestick pattern on weekly charts. So buy it if it sustains above 501 for 511 and 525 with strict stop loss of 485 8
REPORT OUR RECOMMENDATIONS TECH MAHINDRA LTD(CASH) R3 704.35 R2 664.65 R1 643.05 Pivot 603.35 S1 581.75 S2 542.05 CLOSE 621.45 OPEN 588.75 HIGH 624.95 LOW 563.65 CHANGE 37.1 S3 520.45 % CHANGE 6.34 TECHNICAL VIEW TECH MAHINDRA LTD(BUY) TECH MAHINDRA LTD. -seems to be positive this week for it has already taken reversal from important support and pulling back from there it closed above 61.8% of Fibonacci level and closed with a green candlestick on daily and weekly chart. So we advise to buy above 622 for tgts of 650 and 680 with strict stoploss of 589. 9
REPORT RECOMMENDATIONS SUNFLAG IRON & STEEL COMPANY LTD.(CASH) R3 108.27 R2 101.63 R1 97.82 Pivot 91.18 S1 87.37 S2 80.73 CLOSE 94.00 OPEN 88.70 HIGH 95.00 LOW 84.55 CHANGE 6.15 S3 76.92 % CHANGE 7.0 TECHNICAL VIEW SUNFLAG IRON & STEEL COMPANY LTD. (BUY) SUNFLAG IRON & STEEL COMPANY LTD. Has been rallying up since last three weeks consecutively and last week it borke life time high with good amount of volume and with a bullish candlestick again. So we advise to buy it if it sustains above 95 for tgts of 103 and 110 with strict stop loss of 84. 10
STATUS OF OUR LAST RECOMMENDATIONS REPORT ADANIENT FUTURE PC JEWELLERS NIFTY FUTURE SEGMENT FUTURE SELL 205 TG1 199 TG2 196 SL 215 ACHIEVED BOTH TARGET ACHEV- IED SEGMENT CASH BUY 387 TG1 410 TG2 435 SL 350 ACHIEVED NOT EXECUTED SEGMENT INDEX SELL 10370 TG1 10170 TG2 10000 SL 10670 ACHIEVED CLOSE AT 10504.55 SUN TV FUTURE DHAMPUR SUGAR BANK NIFTY FUTURE SEGMENT FUTURE SELL 920 TG1 900 TG2 875 SL 948 ACHIEVED BOTH TARGET & LOW 873 SEGMENT CASH BUY 219 TG1 232 TG2 245 SL 202 ACHIEVED NOT EXECUTED SEGMENT INDEX SELL 25000 TG1 24600 TG2 24200 SL 25600 ACHIEVED CLOSE AT 25381.55 11
REPORT STOCKS IN NEWS 1. UNION BANK- says that it classified Rotomac Global account as a non-performing asset in October 2016. 2. BANK OF INDIA Gets shareholders' nod to issue fresh capital as tier-i/tier-ii bonds for pref shrs for amount up to Rs 10,000 cr.gets shareholders' nod to issue shares worth RS 6,975 cr to govt. 3. RELIANCE INDUSTRIES- Eros International PLC Reliance invests in 5% stake of Eros for USD 48.75mn.To set up 1000cr corpus to produce content 4. MAX INDIA- Max Healthcare Company s equal JV, life healthcare group holdings ltd initiates preliminary discussions with company to explore possibility of acquisition of Life healthcare shares in max healthcare institute limited by the company 5. HDFC- disburses Rs28bn loans under Central scheme - BSLiberty House submits bid for Bhushan Power. 6. BANK OF BARODA- says it has Rs 456cr exposure in Rotomac, account declared as NPA in Oct 2015.ET DGH may review plan to sell 60% stake in ONGC, Oil India fields. 7. BANK OF MAHARASTRA- ICRA revises ratings of various bonds.icra places rating on various bonds of PNB under watch with negative implications 8. FORTIS HEALTHCARE- shares rallied 3.7 percent in early trade Tuesday after ace investor Radhakishan Damani's firm Derive Investments picked up half a percent equity stake in the company. 12
REPORT NIFTY WEEK SUPPORT ZONE PIVOT RESISTANCE ZONE CLOSE SUP.2 SUP.1 POINT RES.1 RES.2 10491. 10431 1 10234.6 10362.8 10559.2 10627.3 ACC 1651.2 1596.4 1623.8 1644.4 1671.8 1692.4 AMBUJACEM 261 246.9 254 261.8 268.9 276.7 ASIANPAINT 1101 1068.3 1084.6 1115.2 1131.5 1162.1 AXISBANK 537.5 513 525.3 536.7 548.9 560.3 BAJAJ-AUTO 3005 2870.1 2937.6 3027.5 3095 3184.9 BANKBARODA 146.1 131.1 138.6 145.7 153.2 160.4 BHARTIARTL 424.7 393.7 409.2 418.7 434.2 443.7 BHEL 92.9 88.8 90.8 93 95 97.2 BPCL 430.2 394.8 412.5 440.4 458.1 485.9 CAIRN - - - - - - CIPLA 594 572 583 597.6 608.6 623.1 COALINDIA 311.5 295.2 303.4 309.2 317.3 323.1 DRREDDY 2159 2012.4 2085.7 2159.8 2233.1 2307.2 GAIL 459.5 440.8 450.2 461.9 471.2 482.9 GRASIM 1140.5 1061.1 1100.8 1121.4 1161.1 1181.6 HCLTECH 953 872.5 912.8 940.3 980.6 1008.1 HDFC 1820.2 1781.4 1800.8 1820.4 1839.8 1859.4 HDFCBANK 1877 1822.7 1849.8 1868.7 1895.9 1914.8 HEROMOTOCO 3494.8 3408 3451.4 3485.4 3528.7 3562.7 HINDALCO 246.1 225.6 235.8 244.1 254.4 262.7 HINDUNILVR 1321.6 1285.5 1303.5 1331.3 1349.3 1377 ICICIBANK 323.9 306.8 315.3 322.5 331 338.1 IDEA 82.1 78.4 80.2 82.5 84.3 86.5 IDFC 53.3 50.6 51.9 52.6 54 54.7 INDUSINDBK 1647.9 1559 1603.4 1630.6 1675 1702.2 INFY 1154.4 1079.1 1116.8 1141.4 1179 1203.6 ITC 268.7 259.1 263.9 267 271.8 274.8 PIVOT TABLE WEEK CLOSE SUPPORT ZONE PIVOT RESISTANCE ZONE POINT SUP.2 SUP.1 RES.1 RES.2 KOTAKBANK 1082.1 1027.4 1054.8 1069 1096.4 1110.6 LT.BO 1305.8 1249.7 1277.8 1303.9 1331.9 1358 LUPIN 809.4 774.8 792.1 813.5 830.8 852.3 M&M 719.9 677.3 698.6 721.7 743 766.1 MARUTI 8706 8460.1 8583.1 8724.5 8847.4 8988.8 NMDC 130.4 122.8 126.6 129.8 133.6 136.7 NTPC 163.1 157.8 160.5 162.8 165.4 167.7 ONGC 190.1 178.6 184.4 187.6 193.4 196.6 PNB 113.5 103.5 108.5 116 121 128.5 POWERGRID 193.4 185.5 189.4 193.2 197.1 200.9 RELIANCE 934 904.1 919 928.5 943.5 953 SBIN 276.4 249.5 263 270.1 283.5 290.6 SUNPHARMA 574 488.2 531.1 554.2 597.1 620.1 TATAMOTORS 360.4 347 353.7 364.2 370.9 381.4 TATAPOWER 85.7 81.7 83.7 85.5 87.5 89.2 TATASTEEL 676 606.9 641.4 667.4 702 728 TCS 3078 2826.9 2952.5 3020.7 3146.3 3214.5 TECHM 624 542.9 583.5 604.2 644.8 665.5 ULTRACEMCO 4113 3979.1 4046 4130.5 4197.5 4282 VEDANTA 336.2 304.4 320.3 330.2 346.1 355.9 WIPRO 294 285.8 289.9 292.9 297 300.1 YESBANK 323.4 296.5 309.9 318 331.4 339.5 ZEEL 570 542.7 556.4 567.1 580.7 591.4 13
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