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Equity bazaar 06.05.2016
- 1. Equity Bazaar SEBI Registered–Research Analyst Equities I Commodities I Currencies I Mutual Funds Nifty Intraday Today, We may witness flattish to mild negative opening in Nifty around 7700 level on back of SGX Nifty and other Asian counters which is trading on mild negative note today. The benchmark index -- Nifty has ended higher on Thursday, on account of value buying by funds and retail investors in the beaten down blue but fundamentally strong stocks. Investors’ sentiment remained up-beat with Finance Minister -- Arun Jaitley’s statement that the India is already the fastest growing major economy in the world and can grow at an even faster pace this year if predictions of good monsoon hold up. Further, support also came in on report that the government of India is considering setting up an independent panel to help state-owned banks negotiate settlements with big businesses on bad loans, in order to shield bankers from a populist backlash they say is hobbling efforts to clean up their balance sheets. However, gain remained capped with a private report stating that government must focus on structural reforms to put the country on the path of faster economic growth, as the ‘several reforms’ implemented so far may not be enough in a fast-changing world. The gainer in Nifty index TECHM, BHEL, HDFC, LT, TATAMOTORS. While on the other hand, top losers were IDEA, ADANIPORT, ULTRATECH, BHARTI, INFRATEL 6th May' 2016 SENSEX 25,262 -0.50% NIFTY 7,735 -0.52% SGX Nifty* 7,728 0.06% Global Indices Dow Jones 17,651 -0.56% Nasdaq 4,725 -0.78% FTSE 6,112 -1.19% DAX 9,828 -1.00% Straits Times 2,764 -0.33% Nikkei 225 16,147 - Hang Seng 20,447 -0.38% Commodities Gold 29,991 -0.78% Silver 41,291 -0.77% Natural Gas 144 3.07% Crude Oil 2,901 -0.38% Currency Dollar / Rupee 66.55 0.20% Euro / Rupee 76.52 0.01% Pound / Rupee 96.59 0.05% Volumes Rs.mn Cash BSE 24,868 -9.00 Cash NSE 160,190 -13.00 FII Activities Rs.Cr. Purchase Sale Net 4724 5,176 -451 MF Activities Rs.Cr. Purchase Sale Net 595 164 431 Indian Markets *Sources- Bloomberg, Moneycontrol, Zeebusiness, livemint
- 2. Equity Bazaar SEBI Registered–Research Analyst Equities I Commodities I Currencies I Mutual Funds Nifty Outlook BankNifty Outlook 21 DEMA 7782 50 DEMA 7578 100 DEMA 7564 Moving Averages L1 L2 L3 R 7773 7810 7844 S 7702 7668 7631 L1 L2 L3 R 17137 15080 13762 S 13352 14670 13147 21 DEMA 16288 50 DEMA 15592 100 DEMA 15694 Moving Averages BankNifty closed at 16281 with mild gain of 0.04%. BankNifty opened on mild negative note, price movement was oscillating between tight range before deep in post noon. Index has breached its 250 days long term moving average however sustainability below moving average will be essential for further confirmation. Among BankNifty index 8 banking stock ended on negative note, major spoil factor was played by private sector banks. Going forward, based on candle formation it seems that negative bias still prevail in banknifty and down side support will be at 16100 level. 6th May' 2016 Nifty opened on mild negative note, thereafter consolidated in range till mid noon, however volatility has been observed in later part. Nifty continued to form bear candle on 6th consecutive session. Nifty has started to sustain below its 21 day & 250 day moving average. Momentum oscillator RSI has posted reading at 47 level which is below support low of 50. Sustainability below 50 level will open further room on negative side. Going forward, price action suggests negativity likely to prevail in market. Sustainability below 7700 level nifty likely to fall upto 7600 to 7580 level.
- 3. Equity Bazaar SEBI Registered–Research Analyst Equities I Commodities I Currencies I Mutual Funds Derivative Front: The VIX decreased by 1.57% and reached 17.17. The 50-share Nifty was up by 28.95 points or 0.38% to settle at 7,735.50 The top gainers from the F&O segment were Castrol India, Indiabulls Real Estate and United Spirits. On the other hand, the top losers were Idea Cellular, Adani Ports and Special Economic Zone and Container Corporation of India. In the index options segment, maximum OI was being seen in the 7800-8500 calls and 7000-7800 puts. In today's session, while the traders preferred to exit 7900 put, heavy buildup was seen in the 7700 put. On the other hand, traders exited from 8000 Call, while 7900 call witnessed considerable OI addition. The Nifty Put Call Ratio (PCR) finally stood at 0.79 for May month contract. The top five scrips with highest PCR on OI were Indian Overseas Bank (1.89), KPIT Technologies (1.76), Indusind Bank (1.20), Container Corporation of India (1.18) and Hexaware Technologies (1.15). Long Built Up Symbol Close Price Chng % OI Chng % Buy Above CASTROLIND 414.40 6.27 24.80 425.57 SIEMENS 1181.95 3.47 13.94 1198.70 SRF 1392.00 3.60 11.08 1422.54 UBL 758.95 2.53 9.40 774.34 Short Covering Symbol Close Price Chng % OI Chng % Buy Above TATAMOTORS 391.60 2.30 -4.86 396.55 TVSMOTOR 295.10 1.92 -3.89 300.07 WIPRO 545.85 0.67 -3.70 549.23 COALINDIA 282.6 0.71 -3.65 283.90 Short Built Up Symbol Close Price Chng % OI Chng % Sell Below HEXAWARE 225.80 -0.64 14.82 235.52 CUMMINSIND 850.10 -0.51 14.62 #N/A TITAN 358.95 -0.57 8.37 363.40 YESBANK 917.8 -0.21 6.48 926.59 Long Liquidation Symbol Close Price Chng % OI Chng % Sell Below INDUSINDBK 1042.40 -0.21 -5.93 1049.12 6th May' 2016
- 4. Equity Bazaar SEBI Registered–Research Analyst Equities I Commodities I Currencies I Mutual Funds Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action ACC 1391 1450 1421 1406 1393 1378 1364 1336 Down Sell ADANIPORTS 198 230 216 207 202 193 188 174 Down Sell AMBUJACEM 215 224 220 218 215 213 211 206 Up Buy ASIANPAINT 865 894 881 873 868 860 855 842 Down Sell AUROPHARMA 803 844 826 815 808 797 791 773 Down Sell AXISBANK 461 480 471 466 462 457 454 445 Down Sell BAJAJ-AUTO 2458 2548 2506 2482 2464 2440 2422 2380 Down Sell BANKBARODA 150 157 153 152 149 147 145 141 Up Buy BHARTIARTL 355 386 372 363 358 349 343 329 Down Sell BHEL 123 130 126 125 122 121 118 114 Up Buy BOSCHLTD 19150 20094 19657 19404 19220 18967 18784 18347 Down Sell BPCL 940 984 962 951 940 929 918 896 Down Sell CIPLA 543 561 551 547 540 536 530 519 Up Buy COALINDIA 282 288 285 283 282 280 278 275 Down Sell DRREDDY 2935 3015 2974 2954 2933 2913 2892 2851 Up Buy EICHERMOT 19717 21215 20429 20073 19644 19288 18859 18073 Up Buy GAIL 364 380 373 369 366 362 359 352 Down Sell GRASIM 4108 4259 4191 4149 4123 4081 4055 3986 Down Sell HCLTECH 731 761 746 739 732 724 718 704 Down Sell HDFC 1163 1241 1199 1181 1158 1140 1117 1076 Up Buy HDFCBANK 1133 1154 1142 1138 1130 1126 1118 1106 Up Buy HEROMOTOCO 2899 3056 2982 2941 2908 2867 2835 2761 Down Sell HINDALCO 91 100 95 93 91 89 87 82 Down Sell HINDUNILVR 851 883 868 860 853 845 838 823 Down Sell ICICIBANK 215 228 222 218 216 212 210 204 Down Sell IDEA 113 134 125 119 115 109 106 96 Down Sell INDUSINDBK 1041 1073 1055 1048 1037 1030 1019 1001 Up Buy INFRATEL 369 388 379 374 371 366 362 354 Down Sell INFY 1195 1228 1210 1203 1192 1185 1174 1156 Up Buy ITC 317 334 325 321 316 312 308 299 Up Buy KOTAKBANK 710 732 721 716 710 705 699 688 Up Buy LT 1275 1344 1306 1290 1267 1252 1229 1191 Up Buy LUPIN 1606 1656 1629 1618 1602 1590 1575 1547 Up Buy M&M 1319 1368 1344 1331 1319 1307 1294 1269 Up Buy MARUTI 3844 3928 3880 3862 3832 3814 3784 3736 Up Buy NTPC 140 144 142 141 140 139 138 136 Down Sell ONGC 210 218 214 212 211 209 208 205 Down Sell POWERGRID 143 148 145 144 143 142 141 139 Up Buy RELIANCE 975 1002 989 982 976 969 964 951 Down Sell SBIN 181 189 185 183 181 179 176 172 Up Buy SUNPHARMA 811 858 837 824 815 802 794 772 Down Sell TATAMOTORS 390 415 403 396 390 383 377 364 Up Buy TATAMTRDVR 283 297 290 286 283 279 276 269 Down Sell TATAPOWER 71 73 72 71 71 70 69 68 Down Sell TATASTEEL 333 352 341 337 331 327 320 309 Up Buy TCS 2469 2527 2501 2485 2474 2459 2448 2421 Down Sell TECHM 481 510 493 487 476 470 459 442 Up Buy ULTRACEMCO 3118 3325 3234 3176 3142 3084 3050 2959 Down Sell WIPRO 545 559 551 548 542 539 534 526 Up Buy YESBANK 912 972 945 928 917 901 889 862 Down Sell 6th May' 2016
- 5. Equity Bazaar SEBI Registered–Research Analyst Equities I Commodities I Currencies I Mutual Funds Contact Us www.choiceindia.com Kunal Parmar Research Associate kunal.parmar@choiceindia.com Vikas Chaudhari Research Associate vikas.chaudhari@choiceindia.com www.choiceindia.comcustomercare@choiceindia.com Disclaimer This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees 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 recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment. POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No. Amit Pathania Research Associate amit.pathania@choiceindia.com 6th May' 2016 Kapil Shah Research Associate kapil.shah@choiceindia.com Kapil Shah Digitally signed by Kapil Shah DN: cn=Kapil Shah, o=Choice Equity Broking Pvt Ttd., ou=Research Department, email=kapil.shah@choiceindia.com, c=IN Date: 2016.05.06 08:25:06 +05'30'