Daily Equityreport

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Daily Research Report

Monday, March 27 2017


Daily Report


GLOBAL MARKETS

INDICES VALUE % change

DJIA 20596.72 -0.29

NASDAQ 5828.74 +0.19

S&P 500 2343.98 -0.08

FTSE 100 7336.82 -0.05

DAX 12064.27 +0.20

CAC 40 5020.90 -0.24

NIKKEI 19262.53 +0.93

HANG SANG 24358.27 +0.13

MARKETS AT A GLANCE INDIAN MARKETS

INDICES VALUE CHANGE % CHANGE

NIFTY 9108.00 +21.70 +0.24

SENSEX 29421.40 +89.24 +0.30

BANK NIFTY 21122.55 +227.05 +1.08

INDIAN SECTORIAL INDICES

INDICES % change

NIFTY AUTO -0.20

NIFTY FIN SERVICE +0.83

NIFTY FMCG +0.51

NIFTY IT -0.75

NIFTY MEDIA -0.33

NIFTY METAL +0.31

NIFTY PHARMA -0.18

NIFTY PSU BANK +3.31

NIFTY PVT BANK +0.97

NIFTY REALTY +0.45

INDIAN: Equity benchmarks erased half of gains in late trade but closed higher for second consecutive session Friday, backed by

banks on hopes of early NPA resolution. ITC and Reliance Industries also supported the market but gains capped by

technology stocks. The 30-share BSE Sensex rallied 208 points intraday, before closing up 89.24 points at 29,421.40.

U.S. : Wall Street fell on Thursday as investors worried about a delay in a vote on a healthcare bill that is seen as President

Donald Trump's first policy test. The benchmark index is trading at about 18 times expected forward earnings, compared

with a 10-year average of 14,

ASIAN : Asian stocks rose, taking their cues from a Wall Street bounce, while the dollar crawled up from a four-month low but

remains clouded by concerns about US President Donald Trump's pro-growth policies.

EUROPE: European shares hit a two-week low on Wednesday, extending losses from the previous session, weighed down by

weaker banks and a plunge in security services firm Gemalto following a profit warning. The pan-European STOXX 600

index ended down 0.4%, little affected by an attack in London near the British parliament which left several people in-

jured.

MARKETS’ SUMMARY

http://www.moneycontrol.com/indian-indices/nifty-50-9.html


Daily Report


Losers of the Day

Symbol CMP % change

GRASIM 1,059.85 -2.94

TECHM 472.35 -2.03

ZEEL 516.60 -1.34

TCS 2,428.00 -1.31

AMBUJACEM 229.70 -1.27

52 Weeks’ High

Symbol Change % change LTP

ADANIENT 1.10 1.05 105.65

EROSMEDIA 14.20 5.61 267.50

KSCL 8.80 1.60 559.00

GRASIM -32.05 -2.94 1,059.85

INDUSINDBK 8.40 0.61 1,392.30

52 Weeks’ Low

Symbol LTP Change % change

GALLISPAT 410.00 -39.50 -8.79

INTENTECH 166.50 -4.35 -2.55

JMTAUTOLTD 11.45 -0.35 -2.97

KRIDHANINF 48.00 -0.75 -1.54

PGIL 113.25 -3.70 -3.16

Gainers of the Day

Symbol CMP % change

BANKBARODA 168.30 3.76

ICICIBANK 275.55 3.22

SBIN 275.95 2.77

GAIL 382.30 1.43

KOTAKBANK 878.45 1.19

OI Spurts

Symbol Change in OI % Change in OI

JINDALSTEL 1,053 15.80

KSCL 356 11.66

TCS 3,266 8.57

ADANIENT 354 8.23

ASHOKLEY 1,320 7.30

Volume Shockers

Symbol Volume

RAIREKMOH 7,60,439

SAGCEM 1,30,649

SREINFRA 5,17,23,685

WABCOINDIA 1,13,971

HEROMOTOCO 91,08,244

MOVERS & SHAKERS


Daily Report


SCRIPS IN BAN TODAY

FII DERIVATIVES STATISTICS FOR 17-Mar-2017

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 20521 1459.27 24498 1775.54 394437 27477.34

INDEX OPTIONS 442323 32851.64 431498 32137.78 1104618 77052.89

STOCK FUTURES 134623 9370.93 137566 9451.97 1110053 75493.82

STOCK OPTIONS 69268 5230.94 69870 5266.92 121969 8588.23

TOTAL 280.59

RBI REFERENCE RATE

INR / 1 USD 65.4581

INR / 1 EURO 70.4656

INR / 100 Jap. YEN 58.7400

INR / 1 POUND Sterling 81.6721

SGX NIFTY (9:00am)

POINTS

MCX GOLD

-7 POINTS

USD/INR

-12 POINTS

BHARATFIN, HDIL, IBREALEST, IFCI, JINDALSTEL, JPASSOCIAT, JSWENERGY,

ORIENTBANK, RELCAPITAL, SINTEX, WOCKPHARMA


Daily Report


1. SURYA ROSHNI CASH (BUY)

2. M&M FINANCIAL CASH (BUY)

PIVOT LEVELS

S1 S2 PIVOT R1 R2

190.43 184.37 194.32 200.38 204.27

SURYA ROSHNI has rallied around 5% in last

trading session with heavy volumes and break-

ing the resistance, it has closed above 38.2%

level of Fibonacci and RSI is indicating more

upside on both weekly and daily charts. So we

advise you to buy it only if it sustains above

199 for targets of 202 and 205 with strict stop

loss of 194.5

M&MFIN is a good pick for today as it closed

with all positive indications. It has closed above

38.2% level of Fibonacci and also it has given

the breakout of a recently made small double

bottom. Now the next strong resistance is 342.

So we advise to buy M&M FINANCIAL above

324 for the targets of 333 and 342 with strict

stop loss of 310

PIVOT LEVELS

S1 S2 PIVOT R1 R2

315.68 310.97 319.47 324.18 327.97

TECHNICAL RECCOMENDATIONS


Daily Report


TECHNICAL VIEW : IDEA FUTURE (SELL)

TECHNICAL VIEW : TECHM FUTURE (SELL)

PIVOT LEVELS

S1 S2 PIVOT R1 R2

89.83 89.02 91.22 92.03 93.42

IDEA FUTURE seems to be bearish technically.

Merger news in Idea has shaken it, the stock has

closed down more 18% in this week. Technically it

has broken the support on both daily and weekly

charts and also it has a resistance of 200 and 100

EMA on upper levels. So sell is advised below 89

for targets of 88 and 86.5 with strict stop loss of

90.5.

TECH MAHINDRA FUTURE seems to be bearish.

The stock has closed bearish on both weekly and

daily charts. On daily charts it has broken 100 days’

EMA and closed below it, it also has a resistance of

200 EMA around 484. So we advise you to sell it, if

it sustains below 470 for the targets of 463 and 455

with strict stop loss of 482

PIVOT LEVELS

S1 S2 PIVOT R1 R2

468.9 465.9 475.45 478.9 485.45


Daily Report


3. NIFTY (BUY)

4. BANK NIFTY (BUY)

PIVOT LEVELS

S1 S2 PIVOT R1 R2

9,087.08 9,066.17 9,110.32 9,131.23 9,154.47

As expected Nifty in last week came down to fill

the gaps and took support around 9050 and than

covered some losses. For the week, the market re-

versed some gains on profit booking amid consoli-

dation as investors awaited March quarter earnings

due next month. Now the index seems to be bull-

ish. Since the Open Interest has also increased and

RSI is also suggesting a buy. So buy Nifty if it sus-

tains above 9100 for the targets of around 9160 and

9230 with strict stop loss below 9000.

Banknifty in last trading session gained more than

250 points and closed with a strong bullish candle-

stick. For today the index seems to go upside. RSI is

still below the overbought zone. Fundamentally the

Finance Minister categorically stating that they will

resolve the NPA issues, the trajectory for PSU

Banks looks good, and one can see some upside in

the index thus. So we recommend to buy Banknifty

above 21220 for the targets of 21320 and 21450

with strict 21150

PIVOT LEVELS

S1 S2 PIVOT R1 R2

20,976.43 20,830.32 21,075.27 21,221.38 21,320.22

TECHNICAL RECCOMENDATIONS


Daily Report


Stocks in the news:

SBI, Bajaj Auto, Tata Power, GVK Power, Amtek Auto, Motherson Sumi,

Bharat Forge, Jayshree Chemical, MTNL , Reliance Capital, Sintex, Hindustan

Zinc, Music Broadcast, Healthcare Global, Sagar Cements, NBCC and Pfizer

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. Reports based on technical and derivative analysis center on studying charts of

a stock's price movement, outstanding positions and trading volume. 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. Trade Nivesh shall not be in any way responsible for any loss or

damage that may arise.

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