1Alankit Assignments Ltd › financialservices › research... · 2014-09-08 · •Sectoral indices ended with mixed movement. Realty, Capital Goods and Metal were strong among all

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TABLE OF CONTENTS

1. Coffee With Alankit

2. Financial And Economic Wrap Up

3. Indices Performance

4. Global Markets

5. Equity Market Wrap Up

6. Nifty Top 5 Gainers

7. Nifty Top 5 Losers

8. F And O Wrap Up

9. Trading Turnover

10. Institutional Flows Equity

11. Money Market Wrap Up

12. Policy Rate

13. Daily Rates

14. Mutual Fund And Insurance Wrap Up

15. Liquidity Indicators

16. Top 5 Traded G Sec

17. International Metal And Energies Wrap Up

18. Commodity Market

19. Forex Wrap Up

20. Currency Market

21. Nifty Short Term Trend

22. Technical Picks

23. Bank Nifty Calls

24. Nifty Calls


25. Options Calls

26. Technical Calls

27. Corporate Action

28. News Update

29. International Market Update

30. NSE Support And Resistance


Coffee With Alankit – Your Morning Companion

Dear Institutional Clients,

Index consolidating in range – Retail Clients has been slayed !!! We witnessed a flat opening on last trading session of the week in-line with unobtrusive global cues. After moving slightly higher during the initial hour, the index corrected sharply to test Thursday’s low. Equity benchmarks saw consolidation (with marginal downside) for the second consecutive session on Friday as investors remained cautious after indices hit record highs in middle of the week and on weakness in global equities ahead of US jobs data. The 30-share BSE Sensex fell 59.23 points to close at 27026.70 while the 50-share NSE Nifty struggled for the second day to hold 8100 level but it could not, down 9.10 points to 8086.85. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.56 percent and 1.25 percent, respectively. Among BSE sectoral indices, Auto index fell the most by 0.65 per cent, followed by FMCG 0.32 per cent and Banking 0.30 per cent. On the other hand, Realty, Capital Goods and metal indices found investors' support and were up 1.15 per cent, 0.86 per cent and 0.69 per cent, respectively. NMDC, DLF, Asian Paints, Kotak Bank and Jindal Steel were the top five Nifty gainers, while the top five losers were United Spirits, Coal India, Hero MotoCorp, HDFC and BHEL. As we are continuously saying, FIIs will remain the main driver of the equity market. They continued their bet on the government’s reforms agenda, overseas investors have poured in nearly Rs. 9,000 crore in the Indian capital market in the first week of the month. Technically, after the correction for two consecutive days, Nifty managed to sustain above the ‘Rising Channel Breakout’. In line with our view, we are witnessing both time and price correction, which is indeed good for eevry Bull Run. Thus we reiterate our stance that the broader view remains bullish and Nifty can rally towards 8400 levels and thus only late buyers need to be cautious. On the contrary, for the time being 7965 remains to be an initial support going forward for the index. A breach of the same might bring in some pessimism on the selected stocks and benchmark indices.

Have a splendid and profitable day with Alankit !


Financial & Economic Wrap Up

• India's steel consumption grew by a mere 0.3% in the first

5 months of the current fiscal to 31.16 million tonnes,

plagued by poor demand from the end-use segments

such as construction and automobiles. The

consumption of steel during the April-August period of

the last fiscal was 31.06 MT. (BS)

• Fertiliser subsidy paid to the companies during the April-

July period of the current fiscal declined by around 41%

to about Rs 21,300 crore. The total subsidy paid in the

corresponding period of the previous financial year

stood at around Rs 36,000 crore. (BS)

• India needs to attract investments worth a whopping USD

4.7 trillion for the country's economy to grow at an

average 7 per cent rate over the next 5 years, nearly

double the sum invested in the previous such period,

according to a study by CII. Besides, it has projected an

average growth of 6.3 per cent for the industrial sector

over the next 5 years, up from 5.2 per cent in previous

corresponding period, for which a cumulative

investment of Rs 146 lakh crore is required. (ET)

•

Equity Market Wrap Up

• The Sensex has ended with the loss of 59.23 points, 0.22

percent, at 27026.70.

• The 50-share NSE Nifty has closed with the loss of 9.10

points, 0.11 percent, at 8086.85, after making the

intraday high of 8122.70. The SX40 index of MCX-SX

ended with the loss of 17.37 points at 15953.75.

• Sectoral indices ended with mixed movement. Realty,

Capital Goods and Metal were strong among all sectors.

Auto, FMCG and Banking counters were top losers.

• Market breadth was positive on the BSE with 1739

gainers against 1262 losers.

F & O Wrap Up

• Nifty September 2014 Future was closed at 8116.70, a

premium of 29.85 points over spot closing of 8086.85.

• Turnover on NSE’s Futures & Options segment decreased

from Rs 145723.34 crore to Rs 169313.68 crore.

• The Nifty Put‐Call stood at 1.15 compared to the previous

day’s figure of 1.19.

• India VIX has decreased by 1.09% to close at 12.9350.

• The open interest on Nifty Futures decreased by 5.77

lakhs to 1.53 crores in the previous trading session.

Financial & Economic Wrap Up

• India's steel consumption grew by a mere 0.3% in the first

5 months of the current fiscal to 31.16 million tonnes,

plagued by poor demand from the end-use segments

such as construction and automobiles. The

consumption of steel during the April-August period of

the last fiscal was 31.06 MT. (BS)

• Fertiliser subsidy paid to the companies during the April-

July period of the current fiscal declined by around 41%

to about Rs 21,300 crore. The total subsidy paid in the

corresponding period of the previous financial year

stood at around Rs 36,000 crore. (BS)

• India needs to attract investments worth a whopping USD

4.7 trillion for the country's economy to grow at an

average 7 per cent rate over the next 5 years, nearly

double the sum invested in the previous such period,

according to a study by CII. Besides, it has projected an

average growth of 6.3 per cent for the industrial sector

over the next 5 years, up from 5.2 per cent in previous

corresponding period, for which a cumulative

investment of Rs 146 lakh crore is required. (ET)

•

Equity Market Wrap Up

• The Sensex has ended with the loss of 59.23 points, 0.22

percent, at 27026.70.

• The 50-share NSE Nifty has closed with the loss of 9.10

points, 0.11 percent, at 8086.85, after making the

intraday high of 8122.70. The SX40 index of MCX-SX

ended with the loss of 17.37 points at 15953.75.

• Sectoral indices ended with mixed movement. Realty,

Capital Goods and Metal were strong among all sectors.

Auto, FMCG and Banking counters were top losers.

• Market breadth was positive on the BSE with 1739

gainers against 1262 losers.

F & O Wrap Up

• Nifty September 2014 Future was closed at 8116.70, a

premium of 29.85 points over spot closing of 8086.85.

• Turnover on NSE’s Futures & Options segment decreased

from Rs 145723.34 crore to Rs 169313.68 crore.

• The Nifty Put‐Call stood at 1.15 compared to the previous

day’s figure of 1.19.

• India VIX has decreased by 1.09% to close at 12.9350.

• The open interest on Nifty Futures decreased by 5.77

lakhs to 1.53 crores in the previous trading session.

Indices Performance

Index 05-Sept-14 Previous Close % Change#

S&P BSE Sensex 27026.70 27085.93 -0.22

CNX Nifty 8086.85 8095.95 -0.11

CNX Midcap 11568.15 11535.70 0.28

CNX 500 6502.30 6501.95 0.01

S&P BSE Smallcap 10627.07 10495.46 1.25

Global Markets


Dow Jones 17,137.36 17,069.58 0.40

Nasdaq 4,582.90 4,562.29 0.45

S&P 500 2,007.71 1,997.65 0.50

FTSE 6,855.10 6,877.97 -0.33

CAC 4,486.49 4,494.94 -0.19

Nifty Top 5 Gainers

Company 05-Sept-14 Previous Close % Change#

NMDC 184.8 176.5 4.7

DLF 175 167.5 4.48

ASIANPAINT 647 632.35 2.32

KOTAKBANK 1082 1058.8 2.19

JINDALSTEL 233.6 228.75 2.12

Nifty Top 5 Losers


MCDOWELL-N 2300.05 2392.45 -3.86

COALINDIA 369.65 379.05 -2.48

HEROMOTOCO 2756.05 2824.6 -2.43

HDFC 1057.65 1080.2 -2.09

BHEL 222.5 227.05 -2

Trading Turnover

Description (Rs in Cr) 05-Sept-14 Change % Change#

NSE 17,599.47 439.00 2.56

BSE 3606.53 -1349.84 -27.23

Index Fut 12,629.84 1,925.04 17.98

Stock Fut 27,683.13 -441.18 -1.57

Index Opt 115,718.98 22,538.21 24.19

Stock Opt 13,281.66 -431.74 -3.15

F & O Total 169,313.68 23,590.34 16.19

Institutional Flows (Equity)

Description (Rs in Cr) Purchases Sales Net

FII Flows 3807.81 3497.30 310.51

DII Flows 1217.30 1572.11 -354.81

# % change is the over the previous days close.

Indices Performance


S&P BSE Sensex 27026.70 27085.93 -0.22

CNX Nifty 8086.85 8095.95 -0.11

CNX Midcap 11568.15 11535.70 0.28

CNX 500 6502.30 6501.95 0.01

S&P BSE Smallcap 10627.07 10495.46 1.25

Global Markets


Dow Jones 17,137.36 17,069.58 0.40

Nasdaq 4,582.90 4,562.29 0.45

S&P 500 2,007.71 1,997.65 0.50

FTSE 6,855.10 6,877.97 -0.33

CAC 4,486.49 4,494.94 -0.19

Nifty Top 5 Gainers


NMDC 184.8 176.5 4.7

DLF 175 167.5 4.48

ASIANPAINT 647 632.35 2.32

KOTAKBANK 1082 1058.8 2.19

JINDALSTEL 233.6 228.75 2.12

Nifty Top 5 Losers


MCDOWELL-N 2300.05 2392.45 -3.86

COALINDIA 369.65 379.05 -2.48

HEROMOTOCO 2756.05 2824.6 -2.43

HDFC 1057.65 1080.2 -2.09

BHEL 222.5 227.05 -2

Trading Turnover

Description (Rs in Cr) 05-Sept-14 Change % Change#

NSE 17,599.47 439.00 2.56

BSE 3606.53 -1349.84 -27.23

Index Fut 12,629.84 1,925.04 17.98

Stock Fut 27,683.13 -441.18 -1.57

Index Opt 115,718.98 22,538.21 24.19

Stock Opt 13,281.66 -431.74 -3.15

F & O Total 169,313.68 23,590.34 16.19

Institutional Flows (Equity)

Description (Rs in Cr) Purchases Sales Net

FII Flows 3807.81 3497.30 310.51

DII Flows 1217.30 1572.11 -354.81



Money Market Wrap Up

• India's benchmark 10-year bond yield steady at 8.52

percent ahead of key U.S. payrolls data. (Reuters)

• The benchmark five-year swap rate falls 1 bp at 8.01

percent, while the one-year rate also down 1 bp at 8.44

percent. (Reuters)

• India's cash rate at 8.00/8.05 percent against the

previous close of 7.00/7.10 percent. (Reuters)

Mutual Fund & Insurance Wrap Up

• IDFC Mutual Fund has announced to roll over IDFC Fixed

Term Plan-Series 33 for 729 days. Now the scheme shall

mature on September 14, 2016. (ValueResearch)

• SBI Mutual Fund has announced the NFO of SBI Equity

Opportunities Fund-Series I. The scheme will open for

subscription on September 11, 2014 and close on

September 25, 2014. (ValueResearch)

• DFC Mutual Fund has extended the closing date of HDFC

FMP 1134D September 2014 (1) to September 18, 2014,

against the previous September 11, 2014.

(ValueResearch)

International Metals & Energies Wrap Up

• Gold rose from an 11-week low, after U.S. employers

added the fewest jobs this year, adding some pressure on

the Federal Reserve to maintain lower interest rates.

(Bloomberg)

• Copper erased gains in New York after U.S. jobs grew at

the slowest pace this year. Copper for December delivery

dropped 0.1 percent to $3.1475 a pound by 8:35 a.m. on

the Comex in New York. Prices earlier today rose as much

as 0.4 percent. (Bloomberg)

• Iron ore declined below $85 a metric ton for the first time

in five years as China’s economy, the world’s biggest

buyer, showed signs of losing momentum amid an

expanding global glut. (Bloomberg)

Forex Wrap Up

• The dollar fell from a 14-month high after a report

showed employers added the fewest jobs this year in

August, damping speculation the Federal Reserve will

raise interest rates sooner than anticipated. (Bloomberg)

• The Canadian dollar weakened against most of its major

peers after the nation unexpectedly lost jobs last month,

bolstering the case the central bank made earlier this

week for waiting to raise interest rates. (Bloomberg)

• Brazil’s real declined this week on concern polls before

the October election will show increased support for

President Dilma Rousseff even as a recession combines

with above-target inflation. (Bloomberg)

Money Market Wrap Up

• India's benchmark 10-year bond yield steady at 8.52

percent ahead of key U.S. payrolls data. (Reuters)

• The benchmark five-year swap rate falls 1 bp at 8.01

percent, while the one-year rate also down 1 bp at 8.44

percent. (Reuters)

• India's cash rate at 8.00/8.05 percent against the

previous close of 7.00/7.10 percent. (Reuters)

Mutual Fund & Insurance Wrap Up

• IDFC Mutual Fund has announced to roll over IDFC Fixed

Term Plan-Series 33 for 729 days. Now the scheme shall

mature on September 14, 2016. (ValueResearch)

• SBI Mutual Fund has announced the NFO of SBI Equity

Opportunities Fund-Series I. The scheme will open for

subscription on September 11, 2014 and close on

September 25, 2014. (ValueResearch)

• DFC Mutual Fund has extended the closing date of HDFC

FMP 1134D September 2014 (1) to September 18, 2014,

against the previous September 11, 2014.

(ValueResearch)

International Metals & Energies Wrap Up

• Gold rose from an 11-week low, after U.S. employers

added the fewest jobs this year, adding some pressure on

the Federal Reserve to maintain lower interest rates.

(Bloomberg)

• Copper erased gains in New York after U.S. jobs grew at

the slowest pace this year. Copper for December delivery

dropped 0.1 percent to $3.1475 a pound by 8:35 a.m. on

the Comex in New York. Prices earlier today rose as much

as 0.4 percent. (Bloomberg)

• Iron ore declined below $85 a metric ton for the first time

in five years as China’s economy, the world’s biggest

buyer, showed signs of losing momentum amid an

expanding global glut. (Bloomberg)

Forex Wrap Up

• The dollar fell from a 14-month high after a report

showed employers added the fewest jobs this year in

August, damping speculation the Federal Reserve will

raise interest rates sooner than anticipated. (Bloomberg)

• The Canadian dollar weakened against most of its major

peers after the nation unexpectedly lost jobs last month,

bolstering the case the central bank made earlier this

week for waiting to raise interest rates. (Bloomberg)

• Brazil’s real declined this week on concern polls before

the October election will show increased support for

President Dilma Rousseff even as a recession combines

with above-target inflation. (Bloomberg)

Policy Rates

Key Rates (%) 05-Sept-14 1 Week Ago 1 Month Ago

Reverse Repo 7.00 7.00 7.00

Repo 8.00 8.00 8.00

CRR 4.00 4.00 4.00

SLR 22.00 22.00 22.00

Bank Rate 9.00 9.00 9.00

Daily Rates

Key Rates (%) 05-Sept-14 Previous Close % Change#

NSE MIBOR O/N 7.71 7.5 2.80

CALL 7.39 7.51 -1.60

CBLO 7.34 7.35 -0.14

OIS-1Yr 8.47 8.46 0.12

OIS-5Yr 8.03 8.03 0.00

Liquidity Indicators

Description (INR Cr) 05-Sept-14 1 Week Ago 1 Month Ago

Govt.Securities 24,828.10 22,193.43 28,385.11

Call Money 17722 14903 15767

CBLO 37529 72524 86069

LAF 3950 9464 10005

Treasury Bills 2,308.23 3,228.89 2,842.12

Top 5 traded G ‐ Sec

Security Maturity % Closing Yield % Change#

8.60% GS 2028 2-Jun-28 8.6895 -0.04

8.40% GS 2024 28-Jul-24 8.5202 -0.06

8.83% GS 2023 25-Nov-23 8.6879 -0.07

8.27% GS 2020 9-Jun-20 8.5965 -0.17

8.12% GS 2020 10-Dec-20 8.6743 -0.15

Commodity Market

Commodities (INR) 05-Sept-14 Gains+/Loss % Change#

Gold (10gm) 27378 -83 -0.30

Silver (1Kg) 42013 -63 -0.15

Crude Oil (1 barrel) 5642 -103 -1.79

Aluminium (1 Kg) 125.65 -1.1 -0.87

Copper (1Kg) 427.35 0.2 0.05

Currency Market

Currency 05-Sept-14 Gains+/Loss %Change#

USD/INR 60.4385 -0.0155 -0.03

EUR/INR 78.1953 -1.2654 -1.59

GBP/INR 98.6417 -0.8172 -0.82

JPY/INR 57.3600 -0.2400 -0.42


Policy Rates

Key Rates (%) 05-Sept-14 1 Week Ago 1 Month Ago

Reverse Repo 7.00 7.00 7.00

Repo 8.00 8.00 8.00

CRR 4.00 4.00 4.00

SLR 22.00 22.00 22.00

Bank Rate 9.00 9.00 9.00

Daily Rates

Key Rates (%) 05-Sept-14 Previous Close % Change#

NSE MIBOR O/N 7.71 7.5 2.80

CALL 7.39 7.51 -1.60

CBLO 7.34 7.35 -0.14

OIS-1Yr 8.47 8.46 0.12

OIS-5Yr 8.03 8.03 0.00

Liquidity Indicators

Description (INR Cr) 05-Sept-14 1 Week Ago 1 Month Ago

Govt.Securities 24,828.10 22,193.43 28,385.11

Call Money 17722 14903 15767

CBLO 37529 72524 86069

LAF 3950 9464 10005

Treasury Bills 2,308.23 3,228.89 2,842.12

Top 5 traded G ‐ Sec

Security Maturity % Closing Yield % Change#

8.60% GS 2028 2-Jun-28 8.6895 -0.04

8.40% GS 2024 28-Jul-24 8.5202 -0.06

8.83% GS 2023 25-Nov-23 8.6879 -0.07

8.27% GS 2020 9-Jun-20 8.5965 -0.17

8.12% GS 2020 10-Dec-20 8.6743 -0.15

Commodity Market

Commodities (INR) 05-Sept-14 Gains+/Loss % Change#

Gold (10gm) 27378 -83 -0.30

Silver (1Kg) 42013 -63 -0.15

Crude Oil (1 barrel) 5642 -103 -1.79

Aluminium (1 Kg) 125.65 -1.1 -0.87

Copper (1Kg) 427.35 0.2 0.05

Currency Market

Currency 05-Sept-14 Gains+/Loss %Change#

USD/INR 60.4385 -0.0155 -0.03

EUR/INR 78.1953 -1.2654 -1.59

GBP/INR 98.6417 -0.8172 -0.82

JPY/INR 57.3600 -0.2400 -0.42



p

.rend

o

Nifty Short Term Trend

Equity benchmarks saw consolidation (with marginal downside)

for the second consecutive session on Friday. As we mentioned

in previous reports that the gap between price and ‘6 EMA’ has

been widen and we may see either time or price correction. In

line with our view, Nifty is moving in sideways direction with

marginal losses from three consecutive sessions. The gap

between ‘6 EMA’ has been filled on Friday and now we may see

further movement in upcoming days.

However, since the prices have closed above the breakout level

of ‘Rising Channel”, the continuation of downside might confirm

ONLY below the support zone of 7965. Well in that scenario if

Nifty sport sustains below 7965 then it can drift further towards

7840 which is the 50% Fibonacci retracement level of the recent

impulse from 7540 to 8141. At the same time it is remiss to

avoid that the overall trend is still extremely bullish.

We reiterate our stance that the broader view remains bullish

and nifty can rally towards 8400 levels and thus only late buyers

need to be cautious. On the contrary, for the time being 7965

remains to be an initial support going forward for the index. A

breach of the same might bring in some pessimism on the

selected stocks and benchmark indices.

Nifty Short Term Trend

Equity benchmarks saw consolidation (with marginal downside)

for the second consecutive session on Friday. As we mentioned

in previous reports that the gap between price and ‘6 EMA’ has

been widen and we may see either time or price correction. In

line with our view, Nifty is moving in sideways direction with

marginal losses from three consecutive sessions. The gap

between ‘6 EMA’ has been filled on Friday and now we may see

further movement in upcoming days.

However, since the prices have closed above the breakout level

of ‘Rising Channel”, the continuation of downside might confirm

ONLY below the support zone of 7965. Well in that scenario if

Nifty sport sustains below 7965 then it can drift further towards

7840 which is the 50% Fibonacci retracement level of the recent

impulse from 7540 to 8141. At the same time it is remiss to

avoid that the overall trend is still extremely bullish.

We reiterate our stance that the broader view remains bullish

and nifty can rally towards 8400 levels and thus only late buyers

need to be cautious. On the contrary, for the time being 7965

remains to be an initial support going forward for the index. A

breach of the same might bring in some pessimism on the

selected stocks and benchmark indices.

Outlook for the Day

Positive

Market Indices

Sensex: 27027

Nifty: 8086

Trend

Positive

Short Term Trend Reversal

Only Below 7540

Strategy

Buy on declines

Level to watch

Support: 8033, 8000

Resistance: 8158, 8210

Technical Picks

CROMPTON GREAVES

NATIONAL ALLUMINIUM

Outlook for the Day

Positive

Market Indices

Sensex: 27027

Nifty: 8086

Trend

Positive

Short Term Trend Reversal

Only Below 7540

Strategy

Buy on declines

Level to watch

Support: 8033, 8000

Resistance: 8158, 8210

Technical Picks

CROMPTON GREAVES

NATIONAL ALLUMINIUM


Technical Picks CROMPTON GREAVES CASH - BUY CMP: 217.95

NATIONAL ALLUMINIUM CASH - BUY CMP: 63.40

As seen in the chart stock prices of CROMPGREAVES since last three months were finding strong resistance at around 210 - 215 levels but on Friday the prices by giving a close above 215 have confirmed a bullish pattern breakout known as 'ROUNDING BOTTOM'. Along with it the prices are moving in a 'HIGHER TOP HIGHER BOTTOM' price cycle which indicates strength in the bulls. The impact of the above patterns can lead prices to an upside of 240/255 in near term. In daily chart, momentum oscillators like RSI and MACD are in positive zone supporting the buy call. Recommendation: We recommend positional

traders to go long in CROMPTON GREAVES CASH

at/above 214 with SL of 204 for TARGETS of

240/255.

As seen in the chart stock prices of CROMPGREAVES since last three months were finding strong resistance at around 210 - 215 levels but on Friday the prices by giving a close above 215 have confirmed a bullish pattern breakout known as 'ROUNDING BOTTOM'. Along with it the prices are moving in a 'HIGHER TOP HIGHER BOTTOM' price cycle which indicates strength in the bulls. The impact of the above patterns can lead prices to an upside of 240/255 in near term. In daily chart, momentum oscillators like RSI and MACD are in positive zone supporting the buy call. Recommendation: We recommend positional

traders to go long in CROMPTON GREAVES CASH

at/above 214 with SL of 204 for TARGETS of

240/255.

The stock prices of NATIONAL ALUMINIUM have given a bullish pattern breakout in daily chart known as 'INVERSE HEAD AND SHOULDER'. In addition, we are witnessing huge volumes been created in the counter which indicates strong upward momentum in the stock in near term. The impact of the same can lead prices to an upside of 75/82 in near term. In daily chart, prices are well above its short term and medium term moving averages i.e. 20SMA, 50SMA and 200SMA which indicates overall bullishness in the counter.

Recommendation: Looking on the entire above scenario we recommend positional traders to go long in NATIONAL ALUMINIUM CASH at/above 61 with SL of 57 for TARGETS of 75/82.

The stock prices of NATIONAL ALUMINIUM have given a bullish pattern breakout in daily chart known as 'INVERSE HEAD AND SHOULDER'. In addition, we are witnessing huge volumes been created in the counter which indicates strong upward momentum in the stock in near term. The impact of the same can lead prices to an upside of 75/82 in near term. In daily chart, prices are well above its short term and medium term moving averages i.e. 20SMA, 50SMA and 200SMA which indicates overall bullishness in the counter.

Recommendation: Looking on the entire above scenario we recommend positional traders to go long in NATIONAL ALUMINIUM CASH at/above 61 with SL of 57 for TARGETS of 75/82.


BANKNIFTY CALLS: RANGE FOR THE DAY IS 16060 - 16422

SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS

BANKNIFTY FUTURES BUY AT/ABOVE 16016 16228/16330/16450 15935

IF BANKNIFTY HITS 16390 AND RETRACES THEN SELL BANKNIFTY AT/BELOW 16340

BANKNIFTY FUTURES SELL AT/BELOW 16340 16206/16100/16000 16422

BANKNIFTY FUTURES IS STRONG ABOVE 16000

NIFTY CALLS FOR THE DAY: RANGE FOR THE DAY IS 8090 – 8195


NIFTY FUTURES BUY AT/ABOVE 8114 8157/8178/8198 8092

IF NIFTY FUT HITS 8198 AND RETRACES THEN SELL NIFTY FUT AT/BELOW 8178

NIFTY FUTURES SELL AT/BELOW 8178 8130/8105/8072 8202

NIFTY FUTURE IS STRONG ABOVE 8105

OPTIONS CALLS

SCRIP STRIKE

PRICE

SIGNAL ENTRY LEVELS TARGET STOP LOSS

BANKNIFTY 16100CE BUY AT/ABOVE 215 335/390/435 160

BANKNIFTY 16000PE BUY AT/ABOVE 183 295/350/405 145

NIFTY 8100CE BUY AT/ABOVE 88 115/129/154 68

NIFTY 8100PE BUY AT/ABOVE 63 87/99/112 49

ICICIBANK 1600CE BUY AT/ABOVE 17 37/46/58 11

ICICIBANK 1550PE BUY AT/ABOVE 22 33/42/51 16

INFY 3700CE BUY AT/ABOVE 67 95/114/135 54

INFY 3700PE BUY AT/ABOVE 47 71/85/99 40

RELIANCE 1040CE BUY AT/ABOVE 13 27/36/44 8

RELIANCE 1020PE BUY AT/ABOVE 13 23/29/37 7

SBIN 2500CE BUY AT/ABOVE 64 86/100/122 48

SBIN 2500PE BUY AT/ABOVE 29 44/53/65 21

TECHNICAL CALLS


CROMPTONGREAV CASH BUY AT/ABOVE 214 240/247/255 204

NALCO CASH BUY AT/ABOVE 61 75/78/82 57

HDFCLTD FUT SELL AT/BELOW 1072 1047/1030/1018 1088

SIEMENS CASH BUY AT/ABOVE 845 870/881/895 824

MRPL CASH BUY AT/ABOVE 63 68/71/75 60

JUBLFOOD FUT SELL AT/BELOW 1360 1335/1318/1300 1381


CORPORATE ACTION

Company Purpose Date

HINDALCO Ex-date Dividend - Rs. 1 September 08, 2014

JAI CORP Ex-date Dividend - Rs. 0.50 September 08, 2014

BHEL Ex-date Dividend - Rs. 1.52 September 08, 2014

FINOLEX IND Ex-date Dividend - Rs. 7 September 08, 2014

NEWS UPDATES

ONGC chief D K Sarraf says no plans to list overseas arm, JVs

Reversing the plans of the previous management, the new brass at the oil and gas producer ONGC has ruled out taking

any of its five JVs, especially its power venture in Tripura and petchem venture OPAL, and also its sole subsidiary ONGC

Videsh, public or exiting them. (BS)

Govt gets over Rs 35k cr from Cairn's Rajasthan oil block in 5 yrs

Cairn India's prolific Rajasthan oil block, which completed five years of operations, has contributed over Rs 35,000 crore

to the exchequer in taxes and profit petroleum. (BS)

Apollo to invest Rs 2,033 cr to open 12 hospitals in 3 years

Healthcare major Apollo Hospitals Enterprise plans to open 12 hospitals in the next three years that entail an

investment of Rs 2,032.7 crore. As per the plan, the company will add 2,175 beds over next three years. (BS)

NTPC may be forced to tap international solar power suppliers

NTPC may be forced to tap international solar plant suppliers due to shortage in domestic capacity. NTPC was laying

emphasis on developing a solar power portfolio and had invited tender for 1,000 MW of solar power project open to

only domestic suppliers. (BS)

HPCL to soon meet Rajasthan officials on Barmer refinery issue

Hindustan Petroleum, which had last September announced setting up of a refinery at Barmer in Rajasthan, has

expressed hope it will be able to go ahead with the Rs 37,230-crore project as scheduled and will be meeting state

officials over the next 10 days to iron out key issues. (BS)

INTERNATIONAL MARKETS UPDATE

US markets

US markets ended with gains on Friday. S&P 500 was up by 0.50%, Dow Jones was up by 0.40% and NASDAQ was up by

0.59%.

European Markets

European markets ended mixed on Friday. FTSE was down by 0.33% CAC was down by 0.19% and DAX was up by 0.23%.


NSE (SEPTEMBER FUTURES) SUPPORT & RESISTANCE

SUPPORT LEVELS RESISTANCE LEVELS

STOCKS S3 S2 S1 PIVOT R1 R2 R3

ABIRLANUVO 1389.37 1417.33 1434.07 1462.03 1478.77 1506.73 1523.47

ACC 1487.03 1504.02 1517.73 1534.72 1548.43 1565.42 1579.13

ADANIENT 487.13 497.62 504.53 515.02 521.93 532.42 539.33

ADANIPORTS 280.7 284.15 287.7 291.15 294.7 298.15 301.7

ADANIPOWER 47.07 47.83 48.57 49.33 50.07 50.83 51.57

ALBK 111.32 112.93 114.52 116.13 117.72 119.33 120.92

AMBUJACEM 207.18 209.22 211.38 213.42 215.58 217.62 219.78

ANDHRABANK 69.12 70.38 71.72 72.98 74.32 75.58 76.92

APOLLOHOSP 1128.57 1144.28 1156.52 1172.23 1184.47 1200.18 1212.42

APOLLOTYRE 182.55 187.2 190.95 195.6 199.35 204 207.75

ARVIND 307.9 315.25 320.8 328.15 333.7 341.05 346.6

ASHOKLEY 35.15 36.15 37.45 38.45 39.75 40.75 42.05

ASIANPAINT 623.17 629.68 639.77 646.28 656.37 662.88 672.97

AUROPHARMA 808.62 818.23 826.57 836.18 844.52 854.13 862.47

AXISBANK 407.47 410.88 413.52 416.93 419.57 422.98 425.62

BAJAJ-AUTO 2238 2264.3 2305.4 2331.7 2372.8 2399.1 2440.2

BANKBARODA 861.43 868.82 878.93 886.32 896.43 903.82 913.93

BANKINDIA 271.1 277.85 282.2 288.95 293.3 300.05 304.4

BATAINDIA 1282.35 1301.3 1314.45 1333.4 1346.55 1365.5 1378.65

BHARATFORG 830.23 842.62 852.93 865.32 875.63 888.02 898.33

BHARTIARTL 384.48 390.87 396.73 403.12 408.98 415.37 421.23

BHEL 207.33 211.92 215.93 220.52 224.53 229.12 233.13

BIOCON 468.8 475.8 488.5 495.5 508.2 515.2 527.9

BPCL 667.45 677.45 684.6 694.6 701.75 711.75 718.9

CAIRN 324.88 327.57 329.83 332.52 334.78 337.47 339.73

CANBK 373.05 378.6 383.3 388.85 393.55 399.1 403.8

CENTURYTEX 602.87 610.43 616.82 624.38 630.77 638.33 644.72

CESC 722 734 745.8 757.8 769.6 781.6 793.4

CIPLA 536.62 542.38 551.57 557.33 566.52 572.28 581.47

COALINDIA 356.5 362.95 367.6 374.05 378.7 385.15 389.8

COLPAL 1500.15 1517.1 1540.7 1557.65 1581.25 1598.2 1621.8

CROMPGREAV 199.37 203.78 211.47 215.88 223.57 227.98 235.67

DABUR 223.48 224.87 225.98 227.37 228.48 229.87 230.98

DISHTV 52.35 53 53.85 54.5 55.35 56 56.85

DIVISLAB 1567.83 1589.67 1625.33 1647.17 1682.83 1704.67 1740.33

DLF 157.47 161.48 168.62 172.63 179.77 183.78 190.92

DRREDDY 2899.92 2936.08 2966.67 3002.83 3033.42 3069.58 3100.17

EXIDEIND 157.07 159.28 161.22 163.43 165.37 167.58 169.52

FEDERALBNK 121.1 122.55 123.75 125.2 126.4 127.85 129.05



GAIL 435.53 442.07 448.18 454.72 460.83 467.37 473.48

GLENMARK 759.33 767.27 772.98 780.92 786.63 794.57 800.28

GMRINFRA 21.35 22.2 23.4 24.25 25.45 26.3 27.5

GODREJIND 326.53 331.42 335.63 340.52 344.73 349.62 353.83

GRASIM 3474.02 3524.03 3556.17 3606.18 3638.32 3688.33 3720.47

GSKCONS 4423.63 4446.82 4488.63 4511.82 4553.63 4576.82 4618.63

HAVELLS 263.8 268.65 271.7 276.55 279.6 284.45 287.5

HCLTECH 1636.12 1646.18 1657.87 1667.93 1679.62 1689.68 1701.37

HDFC 1018.53 1036.77 1049.03 1067.27 1079.53 1097.77 1110.03

HDFCBANK 839.13 845.07 849.93 855.87 860.73 866.67 871.53

HDIL 88.18 91.07 93.23 96.12 98.28 101.17 103.33

HEROMOTOCO 2677.47 2722.48 2749.87 2794.88 2822.27 2867.28 2894.67

HEXAWARE 151.47 156.03 163.37 167.93 175.27 179.83 187.17

HINDALCO 159.27 162.68 165.17 168.58 171.07 174.48 176.97

HINDPETRO 456.1 464.6 470.7 479.2 485.3 493.8 499.9

HINDUNILVR 722.85 728.45 731.7 737.3 740.55 746.15 749.4

HINDZINC 158.15 162.55 167 171.4 175.85 180.25 184.7

IBREALEST 65.25 66.65 67.7 69.1 70.15 71.55 72.6

ICICIBANK 1496.23 1520.12 1538.28 1562.17 1580.33 1604.22 1622.38

IDBI 70.88 72.27 73.73 75.12 76.58 77.97 79.43

IDEA 160.58 162.87 164.73 167.02 168.88 171.17 173.03

IDFC 138.68 140.42 142.33 144.07 145.98 147.72 149.63

IFCI 29.88 31.07 31.98 33.17 34.08 35.27 36.18

IGL 372.13 380.07 387.13 395.07 402.13 410.07 417.13

INDIACEM 116.62 118.58 120.47 122.43 124.32 126.28 128.17

INDUSINDBK 599.03 604.72 610.93 616.62 622.83 628.52 634.73

INFY 3607.57 3658.78 3695.52 3746.73 3783.47 3834.68 3871.42

IOB 54.95 56.4 58.1 59.55 61.25 62.7 64.4

IOC 371.85 378.7 384 390.85 396.15 403 408.3

IRB 249.95 254 260.8 264.85 271.65 275.7 282.5

ITC 346.87 348.38 350.17 351.68 353.47 354.98 356.77

JINDALSTEL 219.7 223.85 229.3 233.45 238.9 243.05 248.5

JISLJALEQS 83.43 85.87 87.48 89.92 91.53 93.97 95.58

JPASSOCIAT 24.98 28.67 31.28 34.97 37.58 41.27 43.88

JPPOWER 12.13 12.47 13.03 13.37 13.93 14.27 14.83

JSWENERGY 72.82 75.08 77.02 79.28 81.22 83.48 85.42

JSWSTEEL 1248.43 1267.17 1292.23 1310.97 1336.03 1354.77 1379.83

JUBLFOOD 1291.67 1313.83 1328.12 1350.28 1364.57 1386.73 1401.02

JUSTDIAL 1664.63 1687.67 1707.18 1730.22 1749.73 1772.77 1792.28

KOTAKBANK 1029.83 1042.42 1060.93 1073.52 1092.03 1104.62 1123.13



KTKBANK 121.15 124.9 128 131.75 134.85 138.6 141.7

L&TFH 65.5 66 66.6 67.1 67.7 68.2 68.8

LICHSGFIN 310.5 313.05 317.2 319.75 323.9 326.45 330.6

LT 1552.85 1568.85 1592 1608 1631.15 1647.15 1670.3

LUPIN 1308.7 1315.35 1325.6 1332.25 1342.5 1349.15 1359.4

M&M 1378.17 1389.73 1401.87 1413.43 1425.57 1437.13 1449.27

M&MFIN 264.65 270.85 275.6 281.8 286.55 292.75 297.5

MARUTI 2833.7 2855.5 2875.4 2897.2 2917.1 2938.9 2958.8

MCDOWELL-N 2044.77 2134.63 2209.27 2299.13 2373.77 2463.63 2538.27

MCLEODRUSS 281.33 286.37 289.73 294.77 298.13 303.17 306.53

MRF 25963.23 26281.62 26763.23 27081.62 27563.23 27881.62 28363.23

NHPC 20.17 20.43 20.77 21.03 21.37 21.63 21.97

NMDC 171.22 174.48 180.02 183.28 188.82 192.08 197.62

NTPC 139.12 140.23 141.67 142.78 144.22 145.33 146.77

OFSS 3472.2 3525.1 3562.2 3615.1 3652.2 3705.1 3742.2

ONGC 427.2 432.25 438.4 443.45 449.6 454.65 460.8

ORIENTBANK 259.87 266.78 271.57 278.48 283.27 290.18 294.97

PETRONET 181.78 185.72 188.08 192.02 194.38 198.32 200.68

PFC 253.63 256.47 260.73 263.57 267.83 270.67 274.93

PNB 909.97 923.48 932.57 946.08 955.17 968.68 977.77

POWERGRID 131.23 132.27 133.38 134.42 135.53 136.57 137.68

PTC 82.23 83.62 85.23 86.62 88.23 89.62 91.23

RANBAXY 636.73 643.37 649.23 655.87 661.73 668.37 674.23

RCOM 103.17 105.48 108.67 110.98 114.17 116.48 119.67

RECLTD 259.53 263.52 269.53 273.52 279.53 283.52 289.53

RELCAPITAL 510.28 517.17 524.73 531.62 539.18 546.07 553.63

RELIANCE 1009.35 1016.9 1023.8 1031.35 1038.25 1045.8 1052.7

RELINFRA 667.4 681.7 691.05 705.35 714.7 729 738.35

RPOWER 71.32 72.58 74.02 75.28 76.72 77.98 79.42

SAIL 82.1 82.9 83.8 84.6 85.5 86.3 87.2

SBIN 2453.08 2474.77 2498.93 2520.62 2544.78 2566.47 2590.63

SIEMENS 801.63 814.82 835.08 848.27 868.53 881.72 901.98

SRTRANSFIN 957.35 965.8 979.7 988.15 1002.05 1010.5 1024.4

SSLT 270.23 273.32 277.93 281.02 285.63 288.72 293.33

SUNPHARMA 837.67 846.93 854.22 863.48 870.77 880.03 887.32

SUNTV 345.53 352.82 357.03 364.32 368.53 375.82 380.03

SYNDIBANK 108.55 111.8 114.1 117.35 119.65 122.9 125.2

TATACHEM 395.83 401.42 408.73 414.32 421.63 427.22 434.53

TATACOMM 371.22 377.63 382.67 389.08 394.12 400.53 405.57

TATAGLOBAL 155.33 157.82 160.28 162.77 165.23 167.72 170.18



TATAMOTORS 489.2 497.35 503.1 511.25 517 525.15 530.9

TATAMTRDVR 365.18 368.67 372.23 375.72 379.28 382.77 386.33

TATAPOWER 86.4 87.25 88 88.85 89.6 90.45 91.2

TATASTEEL 498.77 503.43 509.57 514.23 520.37 525.03 531.17

TCS 2547.58 2568.82 2587.23 2608.47 2626.88 2648.12 2666.53

TECHM 2391.08 2429.52 2452.13 2490.57 2513.18 2551.62 2574.23

TITAN 376.98 382.02 385.93 390.97 394.88 399.92 403.83

UBL 672.35 687.35 707.85 722.85 743.35 758.35 778.85

UCOBANK 79 81.65 83.55 86.2 88.1 90.75 92.65

ULTRACEMCO 2609.1 2645.05 2665.6 2701.55 2722.1 2758.05 2778.6

UNIONBANK 195.2 200.85 204.9 210.55 214.6 220.25 224.3

UNITECH 21.17 21.63 22.42 22.88 23.67 24.13 24.92

UPL 353.32 360.13 370.62 377.43 387.92 394.73 405.22

VOLTAS 237.58 243.47 252.63 258.52 267.68 273.57 282.73

WIPRO 568.9 572.75 577.85 581.7 586.8 590.65 595.75

YESBANK 590.3 600.15 607.55 617.4 624.8 634.65 642.05

ZEEL 276 278.65 280.7 283.35 285.4 288.05 290.1

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1Alankit Assignments Ltd › financialservices › research... · 2014-09-08 · •Sectoral indices ended with mixed movement. Realty, Capital Goods and Metal were strong among all