Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Weekly Report
1. Technical Picks | July 9, 2011
Market awaits 1Q results for a decisive move
Sensex (18858) / Nifty (5661)
In our previous Weekly report, we had mentioned that we are Exhibit 1: Sensex weekly chart
observing a Bullish Inverse "Head and Shoulder" pattern in the
making. The said pattern would be confirmed only if indices
break the downward sloping trend line, joining the two
significant highs of 21109 & 20665 / 6339 & 6181. The value
of the downward sloping trend line is in the range of
19000 - 19155 / 5700 - 5750 levels. The week opened on a
flat note. During the first half of the week, markets traded in a
narrow range. However, volatility increased as the week
progressed and the Sensex ended with marginal gain of 0.51%, Source: Falcon
whereas the Nifty ended with net gain of 0.59% vis-à-vis the
previous week. Exhibit 2: Sensex daily chart
Pattern Formation
On the Weekly chart, a Bullish Inverse "Head and Shoulder"
pattern mentioned in the previous report has not been confirmed
yet. Also, we are observing a "Spinning Top" Japanese
candlestick pattern near the trend line resistance, which suggests
indecisiveness at current levels.
On the Weekly chart, markets faced resistance near the
Source: Falcon
trend line. This level also coincides with the 200 - day SMA
placed near 5750.
trend line resistance. Hence, going forward, the previous week
On the other hand, we are observing a positive crossover high of 19132 / 5741 level would act as a resistance level for
in the "RSI - Smoothened" momentum oscillator on the Weekly the markets. If indices manage to close above this level, then
chart, which cannot be ignored. they are likely to test 19652 - 20292 / 5895 - 6092 levels. On
the downside, the previous week low of 18682 / 5610 level
Future Outlook
would act as a support level. If indices violate these lows, then
Broadly, after a consolidation of three days, markets gave a they are likely to test 18527 - 18223 / 5558 - 5468 levels in
sharp upmove on Thursday's trading session, but profit booking the coming trading sessions.
at higher levels led indices to give indecisive closing near the
For Private Circulation Only | Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP00000154 6 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946 1
3. Derivatives Review | July 9, 2011
Dip towards 5600 should be bought
Nifty spot closed at 5661 this week, against a close of 5627 last week. The Put-Call Ratio increased from 1.23 to 1.25 points and the
annualized Cost of Carry is positive 3.76 The Open Interest of Nifty Futures increased by 10.24
3.76%. 10.24%.
Put-Call Ratio Analysis Historical Volatility Analysis
The Nifty PCR open interest increased from 1.23 to 1.25 levels. IV of at the money options is at the same levels of 16.80% as of
Over a week, significant build up was observed in most of the last week. Historical volatility (HV) has increased from 20.68%
call options however the 5800 call added highest open interest. to 20.73%. Counters where HV has increased substantially are
While in put options, the 5500 strike added highest open interest MCDOWELL-N, GODREJIND, TATAGLOBAL, HINDZINC and
and the strike has highest positions too. The 5800 level continues SYNDIBANK. Stocks where it has decreased are GTL,
to act as a resistance for the market. On the lower side, market JINDALSAW, PUNJLLOYD, VIDEOIND and GTLINFRA.
may touch around 5600 levels and the level can be used to
buy selective stocks.
Open Interest Analysis Cost-of-Carry Analysis
Total Open interest of the market has increased from `97,853 Nifty July Futures closed at a premium of 11.65 points against
crores to `121,352 crores. Stock futures open interest has a premium of 11.20 points last week. The Aug future closed at
increased from `31,011 crores to `33,617 crores. Few liquid a premium of 28.55 points. Few liquid stocks where cost of
counters where open interest has increased significantly are carry turned from negative to positive are TCS, ABB,
GODREJIND, TATAGLOBAL, CESC, ORIENTBANK and TRIVENI. AMBUJACEM, BRFL and GRASIM. Stocks where cost of carry
Stocks where open interest has decreased significantly are turned from positive to negative are ASHOKLEY, INDUSINDBK,
ORCHIDCHEM, PETRONET, GSPL, CHAMBLFERT and PFC. DLF ACC and IDEA.
,
Derivative Strategy
Scrip : RELIANCE CMP : ` 854.85/- Lot Size : 250 Exercise Date (F & O) :
28th July, 2011
View: Mildly Bullish Strategy: Long Call Ladder Expected Payoff
Buy/Sell Qty Scrip Strike Series Option Rate Price
Closing Price Expected
rofit/Loss
Profit/Loss
Price Type (`)
Buy 250 RELIANCE 860 July Call 22.00 `810.00 `0.00
Sell 250 RELIANCE 880 July Call 14.00
`840.00 `0.00
Sell 250 RELIANCE 900 July Call 8.00
`870.00 `10.00
LBEP: `860.00/-
LBEP: 860.00/-
`900.00 `20.00
HBEP: `920.00/-
HBEP: 920.00/-
Max. Risk: Unlimited Profit:
Max. Profit: `5000.00/- `930.00 (`10.00)
If RELIANCE continuous to trade above HBEP If RELIANCE closes on or between `880 and `900 on expiry `960.00 (`40.00)
NOTE : Profit can be booked before expiry if RELIANCE moves in the favourable direction and time value decays.
NOTE
TE:
For Private Circulation Only | Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP00000154 6 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946 3
4. Weekly
Disclaimer
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision.
Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations
as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document
(including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment.
Angel Broking Limited, its affiliates, directors, its proprietary trading and investment businesses may, from time to time, make investment
decisions that are inconsistent with or contradictory to the recommendations expressed herein. The views contained in this document are
those of the analyst, and the company may or may not subscribe to all the views expressed within.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading
volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamentals.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources
believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for
general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way responsible for any loss or
damage that may arise to any person from any inadvertent error in the information contained in this report. Angel Broking Limited has not
independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or
warranty, express or implied, to the accuracy, contents or data contained within this document. While Angel Broking Limited endeavours to
update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent
us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed
or passed on, directly or indirectly.
Angel Broking Limited and its affiliates may seek to provide or have engaged in providing corporate finance, investment banking or other
advisory services in a merger or specific transaction to the companies referred to in this report, as on the date of this report or in the past.
Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in
connection with the use of this information.
Note: Please refer to the important ‘Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to the latest
update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Limited and its affiliates may have investment
positions in the stocks recommended in this report.
Ratings (Returns) : Buy (> 15%) Accumulate (5% to 15%) Neutral (-5 to 5%)
Reduce (-5% to -15%) Sell (< -15%)
5. Weekly
6th Floor, Ackruti Star, Central Road, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 39357800
Research Team
Fundamental:
Sarabjit Kour Nangra VP-Research, Pharmaceutical sarabjit@angelbroking.com
Vaibhav Agrawal VP-Research, Banking vaibhav.agrawal@angelbroking.com
Shailesh Kanani Infrastructure shailesh.kanani@angelbroking.com
Srishti Anand IT, Telecom srishti.anand@angelbroking.com
Bhavesh Chauhan Metals & Mining bhaveshu.chauhan@angelbroking.com
Sharan Lillaney Mid-cap sharanb.lillaney@angelbroking.com
Amit Vora Research Associate (Oil & Gas) amit.vora@angelbroking.com
V Srinivasan Research Associate (Cement, Power) v.srinivasan@angelbroking.com
Pooja Jain Research Associate (Metals & Mining) pooja.j@angelbroking.com
Yaresh Kothari Research Associate (Automobile) yareshb.kothari@angelbroking.com
Shrinivas Bhutda Research Associate (Banking) shrinivas.bhutda@angelbroking.com
Sreekanth P.V.S Research Associate (FMCG, Media) sreekanth.s@angelbroking.com
Hemang Thaker Research Associate (Capital Goods) hemang.thaker@angelbroking.com
Nitin Arora Research Associate (Infra, Real Estate) nitin.arora@angelbroking.com
Ankita Somani Research Associate (IT, Telecom) ankita.somani@angelbroking.com
Varun Varma Research Associate (Banking) varun.varma@angelbroking.com
Technicals:
Shardul Kulkarni Sr. Technical Analyst shardul.kulkarni@angelbroking.com
Mileen Vasudeo Technical Analyst vasudeo.kamalakant@angelbroking.com
Derivatives:
Siddarth Bhamre Head - Derivatives siddarth.bhamre@angelbroking.com
Jaya Agarwal Derivative Analyst jaya.agarwal@angelbroking.com
Institutional Sales Team:
Mayuresh Joshi VP - Institutional Sales mayuresh.joshi@angelbroking.com
Abhimanyu Sofat AVP - Institutional Sales abhimanyu.sofat@angelbroking.com
Jay Harsora Manager jayr.harsora@angelbroking.com
Meenakshi Chavan Dealer meenakshis.chavan@angelbroking.com
Gaurang Tisani Dealer gaurangp.tisani@angelbroking.com
Production Team:
Simran Kaur Research Editor simran.kaur@angelbroking.com
Dilip Patel Production dilipm.patel@angelbroking.com
Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP000001546 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946
Angel Capital & Debt Market Ltd: INB 231279838 / NSE FNO: INF 231279838 / NSE Member code -12798 Angel Commodities Broking (P) Ltd: MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302