3 rd July. to 7 th July. 2017 Monday-Friday Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore-452001 (M.P.) India Mobile :+91-9039261444 E-mail: info@tradenivesh.in Telephone :+91-731-698.3000
INDIAN MARKETS INDIAN SECTORIAL INDICES INDICES VALUE CHANGE (weekly) % CHANGE (weekly) INDICES % CHANGE (weekly) NIFTY 9520.90-54.05-0.56 SENSEX 30921.61-216.60-0.69 BANK NIFTY 23211.20-331.55-1.41 NIFTY AUTO 10540.25 (-0.91) NIFTY FINANCE 9494.20 (-1.55) NIFTY FMCG 26752.05 (2.25) MARKET SUMMARY Benchmark indices ended the session and the week on a strong note, after opening lower, index heavyweights pushed the indices up. The Sensex closed up 64.09 points at 30921.61, while the Nifty ended up 16.80 points at 9520.90. ITC, Sun Pharma and Cipla were the top gainers on Sensex, while Tata Motors DVR, ICICI Bank and HDFC lost the most. However, a combination of a seasonal pickup in sales (festive season in October; restocking post GST; better consumer appetite (monsoons, farm loan waivers); and the base of demonetization quarter means companies can report strong YoY growth numbers in December. NIFTY IT 10155.05 (-0.15) NIFTY COMSUMP 4347.30 (0.30) NIFTY METAL 2991.35 (3.42) NIFTY PHARMA 9606.40 (1.35) NIFTY INFRA 3201.35 (0.07) NIFTY ENERGY 11600.40 (-1.43) NIFTY REALTY 263.45 (-2.76) 2
MOVERS & SHAKERS LAST WEEK Losers of the Week Symbol CMP % change TATAMTRDVR 264.00-1.60 TECHM 383.00-1.50 TATA POWER 80.50-1.29 HDFC 1611.90-1.24 IBULHSGFIN 1082.25-1.22 Gainers of the Week Symbol CMP % change BANK BARODA 161.80 4.05 GLOBAL INDICES U.S. DJIA S&P 500 NASDAQ 21320.00 ( -0.18% ) 2422.50 ( -0.33% ) 6140.42 ( -1.99% ) EUROPEAN CAC 40 DAX FTSE 100 5120.68 ( -2.76%) 12325.12 (-3.20%) 7312.72 (-1.50%) ASIAN NIKKEI HANG SENG SHANGHAI COM. 20033.43 ( -0.49%) 25764.58 ( 0.36%) 3191.06 ( -0.57%) ITC 323.00 3.66 SUNPHARMA 556.00 3.56 INDIAN CURRENCY USD-INR EUR-INR GBP-INR JPY-INR USD INDEX CIPLA 557.60 2.55 64.81 73.99 82.12 57.90 95.39 AUROPHARMA 684.00 1.96 (0.48%) ( 2.56%) ( -1.60%) ( -0.13%) ( -1.82%) 3
CORPORATE ACTIONS THIS WEEK SYMBOL PURPOSE DATE AHLWEST Dividend 3-Jul-17 FEDERALBNK AMU/Dividend 3-Jul-17 JYOTHYLAB AMU/Dividend 3-Jul-17 SOUTHBANK AMU/Dividend 3-Jul-17 PLASTIBLEN Bonus 1:1 3-Jul-17 SANWARIA Bonus 1:1 3-Jul-17 PETRONET Bonus 1:1 3-Jul-17 CCL Dividend 4-Jul-17 SUNDARMFIN AMU/Dividend 4-Jul-17 MAYURUNIQ AMU/Dividend 4-Jul-17 ESSELPACK Dividend 4-Jul-17 DABUR AMU/Dividend 5-Jul-17 CGCL AMU/Dividend 5-Jul-17 ZEEL AMU/Dividend 5-Jul-17 MOTHERSUMI Bonus 1:2 5-Jul-17 MSPL Extra Ordinary General Meeting 5-Jul-17 GREENPLY AMU/Dividend 5-Jul-17 BAJAJ-AUTO AMU/Dividend 6-Jul-17 VEDL AMU 6-Jul-17 BAJAJHLDNG AMU/Dividend 6-Jul-17 BAJFINANCE AMU/Dividend 6-Jul-17 BANKINDIA AMU 6-Jul-17 BATAINDIA AMU/Dividend 6-Jul-17 SYMBOL PURPOSE DATE BATAINDIA AMU/Dividend 6-Jul-17 BEPL AMU/Dividend 6-Jul-17 CYIENT AMU/ Dividend 6-Jul-17 AXISBANK AMU/Dividend 6-Jul-17 KTKBANK AMU/Dividend 6-Jul-17 LAURUSLABS AMU/Dividend 6-Jul-17 MAHSCOOTER AMU/Dividend 6-Jul-17 MANALIPETC AMU/Dividend 6-Jul-17 PCJEWELLER Bonus 1:1 6-Jul-17 SUPPETRO AMU/Dividend 6-Jul-17 SWARAJENG Final Dividend + Special Dividend 6-Jul-17 BAJAJFINSV AMU/Div 6-Jul-17 GANDHITUBE AMU 7-Jul-17 ICICIPRULI AMU/Dividend /Special Dividend 7-Jul-17 IMFA AMU/Dividend 7-Jul-17 TATAGLOBAL AMU/Dividend 7-Jul-17 PDMJEPAPER Dividend 7-Jul-17 PDUMJEPULP AMU/Dividend 7-Jul-17 TINPLATE AMU/Dividend 7-Jul-17 ABGSHIP Results 4-Jul-17 BHUSANSTL Results 5-Jul-17 GMBREW Results 6-Jul-17 SANWARIA Results/Others 7-Jul-17 4
NIFTY OUTLOOK R3 9858.67 R2 9693.27 R1 9604.23 Pivot 9527.87 S1 9438.83 S2 9362.47 CLOSE 9515.20 OPEN 9615.00 HIGH 9616.90 LOW 9451.50 CHANGE -74.85 S3 9197.07 % CHANGE -0.78 TECHNICAL VIEW NIFTY FUTURE on weekly chart appears weak as it has ended with a bearish candlestick pattern on the top on weekly charts. After a commendable rally Nifty may now discount to again climb up. The current formation on charts shows that bear will control the index. So sell Nifty only on a little rise around 9580-9600 for the targets of 9470 and 9350 with strict stop loss of 9720. 5
NIFTY BANK OUTLOOK R3 24516.58 R2 23898.63 R1 23554.32 Pivot 23280.68 S1 22936.37 S2 22662.73 CLOSE 23210.00 OPEN 23601.05 HIGH 23625.00 LOW 23007.05 CHANGE -336.15 S3 22044.78 % CHANGE -1.42 TECHNICAL VIEW BANKNIFTY FUTURE seems to be weak for the coming week but it may go a little up before correcting again. The index on daily charts has taken support right from 61.8% and closed with a bullish candle and with a very small double bottom, so it may once reach near the neckline of the price pattern and than may consolidate there. Since the weekly candle shows overall weakness, so we advise to sell bank nifty from around 23450 for the targets of 23200 and 23000 with strict stop loss of 23700. 6
RECOMMENDATIONS MOTHERSON SUMI FUTURE R3 507.83 R2 484.83 R1 474.22 Pivot 461.83 S1 451.22 S2 438.83 CLOSE 463.60 OPEN 463.95 HIGH 472.45 LOW 449.45 CHANGE -0.40 S3 415.83 % CHANGE -0.08 TECHNICAL VIEW MOTHERSON SUMI FUTURE ( SELL ) (27 JULY-2017) MOTHERSON SUMI Future is a good stock to in selling side this week. The scrip on weekly charts had prepared a turn down candlestick pattern, last to last week s candle had closed with an Engulfing Bear and it fell down from that level but later closed with a doji. The scrip is yet to achieve the lower levels. So if it continues to sustain below last close, it will come down. So sell it from around 465 for 452 and 440 with strict stop loss of 477. 7
RECOMMENDATIONS BEML FUTURE R3 1740.88 R2 1622.68 R1 1579.27 Pivot 1504.48 S1 1461.07 S2 1386.28 CLOSE 1535.85 OPEN 1547.90 HIGH 1547.90 LOW 1429.70 CHANGE -5.60 S3 1268.08 % CHANGE -0.36 TECHNICAL VIEW BEML FUTURE ( BUY ) (27 JULY-2017) BEML FUTURE on daily and weekly charts has prepared a small Inverted Head & Shoulders chart pattern and has also crossed the neckline resistance. Last week BEML remained very volatile and after covering all the losses it closed with near recently made life time high and with bullish candlestick. So if the stock keeps trading above current high, it will see more upside. So buy it around 1542 for the targets of 1620 and 1700 with strict stop loss of 1420. 8
OUR RECOMMENDATIONS AVANTI FEEDS (CASH) R3 1822.78 R2 1643.88 R1 1569.87 Pivot 1464.98 S1 1390.97 S2 1286.08 CLOSE 1495.85 OPEN 1408.15 HIGH 1539.00 LOW 1360.10 CHANGE 87.65 S3 1107.18 % CHANGE 6.22 TECHNICAL VIEW AVANTI FEEDS (BUY) AVANTI FEEDS is looking good on weekly charts. The scrip has gained around 8%. It traded up in almost all the sessions of last week and crossing a very strong flat resistance of 1460 it closed near 38.2% of Fibonacci. Now once it crosses recent high it will reach 61.8%. So buy it if it sustains above 1540 above 1550 for the targets of 1600 and 1650 with strict stop loss of 1460. 9
RECOMMENDATIONS INFO EDGE INDIA (CASH) R3 1195.05 R2 1104.45 R1 1069.30 Pivot 1013.85 S1 978.70 S2 923.25 CLOSE 1034.15 OPEN 989.45 HIGH 1049.00 LOW 958.40 CHANGE 48.40 S3 832.65 % CHANGE 4.90 TECHNICAL VIEW INFO EDGE INDIA ( NAUKRI ) (BUY) INFO EDGE INDIA (NAUKRI) is good pick to buy for the week, the scrip had a bull run in last week also and it closed with a green candlestick above resistance of double bottom on daily charts with good volumes. So we advise you to buy it above 1040 for 1070 and 1100 with strict stop loss of 1113. 10
STATUS OF OUR LAST RECOMMENDATIONS REPORT SYMBOL BEL FUTURE SYMBOL CIGNITI TECHNO. SYMBOL NIFTY FUTURE SEGMENT FUTURE SELL 162 TG1 159 TG2 156 SL 167 ACHIEVED 1ST TGT LOW IS 157.75 SEGMENT CASH BUY 303 TG1 340 TG2 380 SL 255 ACHIEVED CLOSING PRICE 310.25 SEGMENT INDEX SELL 9570 TG1 9450 TG2 9350 SL 9720 ACHIEVED ALMOST 1 ST TGT LOW IS 9451.50 SYMBOL MOTHERSON SUMI SYMBOL HSCL SYMBOL BANK NIFTY FUTURE SEGMENT FUTURE SELL 462 TG1 457 TG2 450 SL 469 ACHIEVED ALMOST 1 ST TGT LOW IS 457.60 SEGMENT CASH BUY 73.50 TG1 80 TG2 90 SL 65 ACHIEVED ALMOST 1 ST TGT HIGHT IS 79 SEGMENT INDEX SELL 23500 TG1 23250 TG2 23000 SL 23890 ACHIEVED ALMOST 1 ST TGT LOW IS 23007.05 11
STOCKS IN NEWS MINDTREE will buy back up to 43.2 lakh shares, comprising 2.5 per cent of the total paid up equity share capital at a price of up to Rs 625 per equity share, the company said in a regulatory filing. NESTLE plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company. FORTIS HEALTHCARE has earlier got shareholders' nod to raise up to Rs. 5,000 crore and said its shareholders have approved increasing shareholding limit for foreign institutional investors to up to 74 per cent from 24 per cent at present. STATE BANK OF INDIA Top lender SBI and other creditors have moved insolvency proceedings against Kolkata-based Electrosteel Steels at the National Company Law Tribunal (NCLT).Electrosteel Steels owes Rs. 10,274 crore to the consortium of banks led by SBI. INDIGO AIRLINE Shares of InterGlobe Aviation, the parent of Indigo airline, slumped 6 per cent after it showed interest in buying out Air India's global operations. FEDERAL BANK Private sector lender Federal Bank today raised Rs. 2,500 crore through qualified institutional placement (QIP) route to fund its expansion plan. MARUTI SUZUKI INDIA Country's largest car maker Maruti Suzuki India (MSI) today posted a 7.6 per cent rise in total sales in June at 1,06,394 units as against 98,840 in the same month last year. JSW CEMENT On June 30, 2017 JSW Cement bought 24,00,000 shares of Shiva Cement at Rs 22.94 on the BSE. SHRIRAM TRANSPORT The Company is considering raising of funds through various options of borrowings including by way of issue of securities in onshore/offshore market on private placement basis. ICICI BANK said it will raise up to Rs 25,000 crore by issuing securities on a private placement basis to fund increasing lending operations. BHARTI AIRTEL The Competition Commission of India (CCI) has given approval for telecom major Bharti Airtel's spectrum deals with Videocon and Aircel announced last year. the regulator said that it "approves acquisition by Airtel of Videocon's Right to Use of Spectrum in 1800 MHz band." Under the deal, Bharti Airtel was to acquire the spectrum of Videocon Telecommunications Ltd (VTL) in six circles. LARSEN & TOUBRO The government sold its 2.5 per cent stake in Larsen & Toubro to state-run entities, including SBI and LIC, for about Rs 4,200 crore. LT FOOD Sets up new rice processing plant at Rotterdam, Netherlands, Made initial investment of USD 15 million at Rotterdam plant, Initial processing capacity of Rotterdam plant is 60,000 tonne. RCF floor price for 5 percent stake sale set at 7.2 percent discount to Wednesday's closing price of Rs 80 per share. Government will divest 5 percent stake in RCF. 12
WEEK SUPPORT ZONE PIVOT RESISTANCE ZONE SYMBOL WEEK SUPPORT ZONE PIVOT RESISTANCE ZONE CLOSE SUP.2 SUP.1 POINT RES.1 RES.2 SYMBOL CLOSE SUP.2 SUP.1 POINT RES.1 RES.2 NIFTY 9615.4 9361.7 9441.3 9528.4 9608 9695 9510.1 9592.3 9308.6 9226.4 ACC 1643 1483 1526.4 1584.7 1628.2 1686.5 KOTAKBANK 1719.5 1767.5 992.9 1616.5 905.4 1568.5 931.7 962.3 988.6 1019.2 AMBUJACEM 248.9 232.1 239.1 244 250.9 255.8 LT.BO 259.7 268.2 1738.2 241.7 1618.7 233.2 1652.8 1695.5 1729.7 1772.4 ASIANPAINT 1168.4 1033.8 1069.4 1118.9 1154.5 1203.9 LUPIN 1160.9 1190.9 1069.8 1068.9 1036.3 1038.9 1047.2 1058.5 1069.4 1080.7 AXISBANK 520 472.3 495.6 507.8 531.2 543.4 510.2 518.5 482 473.7 M&M 1394.5 1315.5 1335.2 1364.9 1384.6 1414.3 BAJAJ-AUTO 2829.2 2725.2 2757.6 2793.4 2825.8 2861.5 3029.7 3089.3 2886.5 2826.9 BANKBARODA 162.4 148.6 155.2 158.8 MARUTI 7324 7057.9 7129.6 7226.8 7298.5 7395.7 165.4 169 195 201.2 179 172.8 BHARTIARTL 386.4 356.1 368.6 377.5 390 398.8 NMDC 382.6 392.2 109.4 351.8 100.3 342.2 104.3 106.8 110.9 113.4 BHEL 139 126.8 131.1 135 139.3 143.2 NTPC 171.7 178.7 160.1 155.2 148.2 153 156 158.1 161.1 163.2 BPCL 641.3 583.8 611 626.1 653.3 668.4 ONGC 726.3 749.2 161.5 677.2 151.7 654.3 154.5 158 160.8 164.2 CAIRN - - - - - - - - - - PNB 144.4 126.1 131.4 137.9 143.1 149.6 CIPLA 558.9 521.3 539.4 549.2 567.3 577.1 572.2 580.1 548.8 540.9 POWERGRID 211.1 198.1 204.3 207.7 213.8 217.2 COALINDIA 247.8 241 242.7 245.3 247 249.6 281.7 287.2 268.9 263.4 DRREDDY 2711 2589.7 2640.1 2675.6 2726 2761.4 RELIANCE 1443 2745.9 2836.9 2500.9 1332.4 2409.9 1357.7 1400.4 1425.7 1468.3 GAIL 367.5 337.9 349.9 358.7 370.8 379.6 SBIN 412.9 424.5 289.5 384.5 257.8 372.9 265.7 277.6 285.4 297.3 GRASIM 1267 1131.3 1187.7 1227.3 1283.7 1323.3 SUNPHARMA 1171.1 1216.3 561 1054.8 523.5 1009.6 539.8 550.4 566.6 577.2 HCLTECH 859 822.1 836.7 847.9 862.5 873.7 864.1 883.2 823.1 804 TATAMOTORS 446.8 417.2 425.1 435.9 443.8 454.7 HDFC 1667 1568.6 1590.2 1628.6 1650.3 1688.7 1561 1595.4 1480.9 1446.5 TATAPOWER 83.8 78.3 79.4 81.6 82.7 84.9 HDFCBANK 1695 1612.3 1633.6 1664.3 1685.6 1716.3 1577.9 1587.7 1532.4 1522.6 HEROMOTOCO 3736 3586.6 3636 3686 3735.4 3785.3 TATASTEEL 547.9 3668.9 3772.9 3387.2 488.3 3283.2 516.8 532.4 560.9 576.5 HINDALCO 193.6 181.4 186.3 189.9 194.8 198.4 TCS 199.2 207 2384.7 178.3 2294.7 170.5 2327.8 2356.3 2389.4 2417.9 HINDUNILVR 1115 1035.4 1057.7 1086.3 1108.6 1137.3 TECHM 1026.4 1048.7 396 952.3 366.9 930 374.9 385.5 393.5 404.1 ICICIBANK 296.9 276.7 283.3 290.1 296.8 303.6 ULTRACEMCO 313.9 320.7 4015.1 291.4 3762.4 284.6 3858.7 3936.9 4033.2 4111.4 IDEA 85.7 77.1 81.2 83.5 87.6 89.8 92.7 97.4 79.8 75.1 VEDANTA 252.7 226 237.3 245 256.4 264.1 IDFC 56.8 52.4 53.4 55.1 56 57.7 INDUSINDBK 1509.8 1437.2 1459.7 1484.7 WIPRO 260.9 250.4 254.9 257.9 262.3 265.3 1507.2 1532.2 INFY 948 907.5 920.9 934.5 947.9 961.5 YESBANK 1470 1377.3 1421.6 1445.8 1490.1 1514.3 ITC 324.7 300.7 311.8 318.3 329.4 335.9 PIVOT TABLE ZEEL 511.5 462.8 477.2 494.3 508.7 525.8 13
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