Daily Report 11 December

1. Daily Report
WEDNESDAY DEC 11 2019
URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 1

2. Daily Report
WEDNESDAY DEC 11 2019
URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 2
 Sensex ends 247.55 points lower or 0.61 percent at 40239.88 while
the Nifty shed 80.70 points or 0.68 percent at 11856.80.
 Bajaj Finance, Eicher Motors and Cipla are the top gainers while
YES Bank, Zee Entertainment and Power Grid are the top losers.
The most active stocks include YES Bank, State Bank of India and
Indiabulls Housing Finance.
GLOBAL MARKETS
INDICES VALUE % change
DJIA 27,909.60 0.38
S&P 500 3,135.96 0.32
NASDAQ 8,621.83 -0.40
FTSE 100 7,149.59 -1.17
DAX 12,924.36 -1.38
CAC 40
5,787.98
-0.84
NIKKEI 23,410.19 -0.09
HANGSENG
26,436.62
-0.22
MARKETS AT A GLANCE
INDIAN MARKETS
INDICES VALUE CHANGE % CHANGE
NIFTY 11856.80 -80.70 -0.68
SENSEX 40239.88 -247.55 -0.61
BANKNIFTY 31160.30 -156.40 -0.50
INDIAN SECTORIAL INDICES
INDICES % change
NIFTY AUTO -0.79
NIFTY FIN SERVICE -0.15
NIFTY FMCG -1.04
NIFTY IT -1.39
NIFTY MEDIA -1.94
NIFTY METAL -1.4
NIFTY PHARMA -0.25
NIFTY PSU BANK -1.6
NIFTY PVT BANK -0.69
NIFTY REALTY -0.91
MARKETS’ SUMMARY

3. Daily Report
WEDNESDAY DEC 11 2019
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 ABB: ABB’s stock has rallied just 10 percent YTD v/s 40 percent for Siemens and 13 percent for the Nifty. We attrib-
ute this underperformance to the pending demerger of the Power Grid business (likely by June 2020.ABB, along with
Siemens, is one of the biggest beneficiaries of the corporate tax cut and also the likely beneficiary of the boost to the
manufacturing sector in India.Exports, as a percentage of revenue, stand at around 15 percent and have grown 91 per-
cent in 9MCY19 (CY18: 31 percent). We continue valuing its discontinued T&D business at a target multiple of 25x
and current core .
 Camlin Fine Sciences: We expect CFIN to deliver rapid value growth led by Dahej plant commissioning, ramp-up in
blends business, improvement in Chinese vanillin plant utilisation and continued growth momentum in performance
chemicals.We estimate CFIN’s sales/EBITDA to grow rapidly at a CAGR of 22 percent/60 percent over FY19-22.
However, due to the weak operational performance in the recent past, CFIN trades at deep discounts (ie 4x FY21 EV/
EBITDA and 7x FY21 PE). We recommend buy with target of Rs 140 ie 9x FY21 EV/EBITDA.
 Petronet LNG: The company is well placed to benefit from rising gas demand, supported by its recent capacity expan-
sion to 17.5 mmt at the Dahej terminal and plans to further expand capacity to 19.5 mmt in the next two-three years
by setting up two storage tanks and a jetty. It is thus expected that the stock will see a price target of Rs 306 in eight-
10 months timeframe on an current PE multiple of 14.59 times and FY21E EPS of Rs 20.99.
 Canara Bank: The bank has been consistently delivering on improving asset quality, cost efficiency, other income and
productivity. The management is confident of improvement in incremental disbursement with better credit monitor-
ing. It is expected that the stock will see a price target of Rs 253 in 8 to 10 months timeframe on a target P/Bv of
0.70x and FY21 BVPS of Rs.361.07.
DAILY NEWS

4. Daily Report
WEDNESDAY DEC 11 2019
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Losers of the Day
Symbol CMP % change
YESBANK 50.4 -10.4
ZEEL 269.65 -5.1
GAIL 111.1 -4.39
JSWSTEEL 251.15 -2.97
BPCL 485.15 -2.9
52 Weeks’ High
Symbol LTP Change % change
AAVAS 1,800.00 -2.9 -0.16
AGROPHOS 141.15 1 0.71
BFUTILITIE 315.2 -20.6 -6.13
BIOFILCHEM 11.75 0.55 4.91
CRISIL 1,698.00 35.15 2.11
52 Weeks’ Low
Symbol LTP Change % change
A2ZINFRA 7.8 0 0
ALBK 20.55 -1 -4.64
APARINDS 407.3 -13.3 -3.16
APCOTEXIND 156.1 -4.3 -2.68
APOLLOPIPE 333.95 -1.2 -0.36
Gainers of the Day
Symbol CMP % change
BAJFINANCE 3,994.50 1.26
HINDUNILVR 2,030.20 1.1
CIPLA 452.8 1.09
EICHERMOT 21,210.00 1.01
BHARTIARTL 449.65 0.85
OI Spurts
Symbol Change in OI
% Change in
OI
APOLLOHOSP 876 23.42
UJJIVAN 1,267 15.73
NIFTYIT 24 15.29
TCS 12,842 14.21
APOLLOTYRE 629 14.12
Volume Shockers
Symbol Volume
SADBHIN 35,83,983
VGUARD 63,63,492
M50 87,089
ARSHIYA 11,13,051
AKSHARCHEM 1,21,815
SFL 1,07,618
FSC 63,690
MOVERS & SHAKERS

5. Daily Report
WEDNESDAY DEC 11 2019
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FII DERIVATIVES STATISTICS
BUY SELL
OPEN INTEREST AT THE END OF THE
DAY
No. of con-
tracts
Amt in Crores
No. of con-
tracts
Amt in Crores No. of contracts Amt in Crores
INDEX FUTURES 29716 2214.58 28557 2199.28 155924 13126.06
INDEX OPTIONS 3042460 214062.00 3033741 213378.95 562575 47195.38
STOCK FUTURES 192151 11223.66 179659 10556.40 1585461 93989.67
STOCK OPTIONS 58493 3887.30 58425 3863.64 58671 3359.91
-1389.27
RBI REFERENCE RATE
INR / 1 USD 70.91
INR / 1 EURO 78.50
INR / 100 Jap. YEN 65.31
INR / 1 POUND Sterling 93.39

6. Daily Report
WEDNESDAY DEC 11 2019
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1. ZEEL FUTURE : (SELL)
1. AXISBANK FUTURE (SELL)
PIVOT LEVELS
R2 R1 PIVOT S1 S2
294.73 282.97 276.63 264.87 258.53
ZEEL FUTURE :ITS DOWN TREND
AND N DAILY CHARTS A BEARISH WIDE
RANGE CANDELSTRICK PATTERN IS FOM-
RED AND BEARISH FLAGS PATTERN
BREAKOUT GIVEN AT BELOW 270, ,MAJOR
RESISTANCE LEVEL 282 AND MAJOR SUP-
PORT LEVEL 270 BREAK THE STOCK GO-
ING DOWN RSI GIVES SELL SIGNALS .
SELL ZEEL IN FUTURE BELOW 270 TGT
265/260 SL ABOVE 276
AXISBANK FUTURE :ITS DOWN
TREND AND DOUBLE TOP PATTERN FOM-
RED BREAKOUT LEVEL BELOW 710 MAJOR
SUPPORT LEVEL 710 IN DAILY CHARTS A
BEARISH WIDE RANGE CANDELSTRCIK
PATTERN FORMED, MAJOR RESISTANCE
LEVEL 725, RSI GIVES SELL SIGNALS .
SELL AXISBANK IN FUTURE BELOW 710
TGT 703/690 SL ABOVE 718
PIVOT LEVELS
R2 R1 PIVOT S1 S2
741.73 729.47 723.23 710.97 704.73
TECHNICAL RECOMMENDATIONS

7. Daily Report
WEDNESDAY DEC 11 2019
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TECHNICAL VIEW : ZEEL LTD( SELL )
TECHNICAL VIEW: BPCL LTD CASH (SELL )
PIVOT LEVELS
R2 R1 PIVOT S1 S2
256.35 263.00 275.55 282.20 294.75
ZEEL LTD :ITS DOWN TREND AND N
DAILY CHARTS A BEARISH WIDE RANGE
CANDELSTRICK PATTERN IS FOMRED AND
BEARISH FLAGS PATTERN BREAKOUT GIV-
EN AT BELOW 270, ,MAJOR RESISTANCE
LEVEL 282 AND MAJOR SUPPORT LEVEL
270 BREAK THE STOCK GOING DOWN RSI
GIVES SELL SIGNALS .
SELL ZEEL IN CASH BELOW 270 TGT
265/260 SL ABOVE 276
BPCL LTD :IN DAILY CHARTS A BEARISH
WIDE RANEG CANDELSTRICK PATTERN
IS FOMRED AND DOUBLE TOP PATTERN
FORMED , THE TREND IS DOWN ,MAJOR
RESISTANCE LEVEL 500 AND MAJOR SUP-
PORT LEVEL 485 BREAK THE STOCK GO-
ING DOWN RSI GIVES SELL SIGNALS .
SELL BPCL IN CASH BELOW 445 TGT
440/433 SL ABOVE 451
PIVOT LEVELS
R2 R1 PIVOT S1 S2
510.52 497.83 491.02 478.33 471.52
TECHNICAL RECOMMENDATIONS

8. Daily Report
WEDNESDAY DEC 11 2019
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3. NIFTY FUTURE (SELL )
4. BANK NIFTY FUTURE (SELL )
PIVOT LEVELS
R2 R1 PIVOT S1 S2
12,012.57 11,957.28 11,920.82 11,865.53 11,829.07
NIFTY FUTURE: ITS DOWN TREND AND IN
DAILY CHARTS BEARISH HARAMI CANDEL-
STRICK PATTERN FORMED AND MAJORS RE-
SISTANCE LEVEL 12000 . MAJOR SUPPORT
LEVEL 11900 ,IF ITS MAJOR SUPPORT
BREAKOUT IT WILL GOING SIDE OF TGT
11800,RSI IS SELL SIGNALS .
SELL NIFTY IN FUTURE BELOW 11900 TGT
11850/11750 SL ABOVE 12000
BANKNIFTY FUTURE: IN DAILYS CHARTS
BEARSIH WIDE RANGE CANDELSTRICK
PATERN FOMRED AND ITS DOWN TREND
ROUNDING TOP PATTERN FORMED
BREAKOUT WILL GIVES BELWO 31200 MA-
JORS RESISTANCE LEVEL 31500 AND MA-
JORS SUPPORT LEVEL 31200 ,ITS MAJOR SUP-
PORT LEVEL ITS GOING DOWN SIDE ,RSI IS
SELL SIGNALS.
SELL BANK NIFTY FUTURE BELOW 31200
TGT 31100/30900 SL ABOVE 31350
PIVOT LEVELS
R2 R1 PIVOT S1 S2
31,549.23 31,396.82 31,292.58 31,140.17 31,035.93
TECHNICAL RECOMMENDATIONS

9. Daily Report
WEDNESDAY DEC 11 2019
URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 9
PREVIOUS DAY’S PERFORMANCE
CALL
SEG-
MENT
ADVISE ENTRY TGT SL STATUS
NIFTY INDEX BUY
12000 12080/12200
11900 NOT EXECUTED
BANKNIFTY INDEX SELL 31300 31200/31000 31500 HIT FIRST TGT
TVSMOTORS
LTD
CASH SELL 438 432/425 435 LOW MAKE 433.55
BPCL
LTD
CASH SELL 502 508/517 495 SL TRG
BPCL FUTURE SELL 502 508/517 495 SL TRG
VOLTAS FUTURE SELL 678 671/662 686 HOLD
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should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical
and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading vol-
ume. The information in this document has been printed on the basis of publicly available information, internal data and
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