1Alankit Assignments Ltd...Germany, Sweden. Bharti, Grasim, Ambuja Cement, ACC and Ultratech Cement...
Transcript of 1Alankit Assignments Ltd...Germany, Sweden. Bharti, Grasim, Ambuja Cement, ACC and Ultratech Cement...
Alankit Assignments Ltd 1 | P a g e
Alankit Assignments Ltd 2 | P a g e
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
Alankit Assignments Ltd 3 | P a g e
25. Options Calls
26. Technical Calls
27. Corporate Action
28. News Update
29. International Market Update
30. NSE Support And Resistance
Alankit Assignments Ltd 4 | P a g e
Coffee With Alankit – Your Morning Companion
Dear Institutional Clients,
Sensex sprinting to a record close above 27000 mark !!! Yesterday was another historic day for our benchmark indices as the day started with another strong rally. The Sensex closed above the 27,000 level for the first time, at 27019, up 0.57 per cent (152 points), after touching the day’s high of 27082.85 while the Nifty closed at 8083, up 0.69 per cent (55 points), after touching the historical mark of 8100 levels. Bulls went crazy on the street after the country's balance of payments remained in surplus for the third straight quarter during Apr-Jun 2014. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.84 percent and 0.91 percent, respectively. Even Market breadth was positive on the BSE with 1720 gainers against 1281 losers. Among BSE sectoral indices, BSE Consumer Durables index rose the most (2.76 per cent), followed by Healthcare 1.84 per cent, Oil & Gas 1.04 per cent and Realty 0.75 per cent. On the other hand, Metal was the only sector ended with major loss (0.80 per cent), whereas Power and Capital Goods ended flat. Stockwise, Cipla was the top gainer in Nifty as it closed up by 5.38 percent on back of launch of inhaler Seroflo in Germany, Sweden. Bharti, Grasim, Ambuja Cement, ACC and Ultratech Cement were top gainers in Nifty, up by 4.31 per cent, 3.82 per cent, 3.65 per cent, 3.63 per cent and 2.75 per cent respectively. Whereas, prominent losers in the Nifty include Jindal Steel that plunged 3.65 per cent, SSLT 1.82 per cent, Tata Power 1.16 per cent, Hindustan Unilever 1.02 per cent and Tata Steel 0.92 per cent. On economic data front, India’s current account deficit (CAD) for this financial year’s first quarter, April to June, narrowed sharply to 1.7 per cent of gross domestic product ($7.8 billion) from 4.8 per cent of GDP ($21.8 bn) in the corresponding period of 2013-14. Further, India's balance-of-payments remained in surplus for the third straight at $11.2 billion for Apr-June 2014. Technically, Nifty has given breakout from ‘Rising channel’ in daily chart and sustained well above the same. Key Oscillators RSI, Stochastic and MACD have continued their journey toward north in line with prices on both daily as well as weekly chart. Still there is no sign of reversal seen on charts, thus traders should hold long positions with trailing stoplosses. On the flipside, since the markets are moving in upside direction from five consecutive sessions, a pullback from current levels cannot be ruled out. Going forward, the individual stocks are likely to outperform the market. Immediate resistance for Nifty is placed at 8128 - 8176 levels. Whereas, 8020 - 7970 would now provide a decent support for the index.
Have a splendid and profitable day with Alankit!
Alankit Assignments Ltd 5 | P a g e
Financial & Economic Wrap Up
• India’s current account deficit (CAD) for this financial
year’s first quarter, April to June, narrowed sharply to 1.7
per cent of gross domestic product ($7.8 billion) from 4.8
per cent of GDP ($21.8 bn) in the corresponding period of
2013-14. Further, India's balance-of-payments remained
in surplus for the third straight at $11.2 billion for Apr-
June 2014. (BS)
• Debt mobilisation through corporate bonds on private
placement basis fell by 55 % to Rs 43,147 crore in the first
quarter of the financial year 2014-15 from Rs 96,186
crore in the corresponding period previous year, the
country's premier database on primary capital market
Prime stated on Monday. (ET)
• Norms to raise additional tier-I, II capital eased. The
Reserve Bank of India (RBI) on Monday eased the norms
for investing in banks’ additional tier-I and tier-II capital.
This would ease pressure on the government to infuse
capital into public sectors banks to meet Basel-III norms
by March 2019, bankers said. (BS)
• Amid fall in sowing area and below normal monsoon
reported in this kharif season so far, urea imports have
decreased by 54 per cent to 20.31 lakh tonnes (LT) in the
first five months of 2014-15. (ET)
Equity Market Wrap Up
• The Sensex has ended with the gain of 151.84 points,
0.57 percent, at 27019.39.
• The 50-share NSE Nifty has closed with the gains of 55.35
points, 0.69 percent, at 8083.05, after gap up opening at
7990.35. The SX40 index of MCX-SX ended with the gain
of 102.46 points at 15927.73.
• Only Metal sector was the prominent loser. Consumer
Durables, Healthcare and Oil & Gas sectors were top
gainers up 2.76%, 1.84% and 1.04% respectively.
• Market breadth was positive on the BSE with 1750
gainers against 1244 losers.
F & O Wrap Up
• Nifty September 2014 Future was closed at 8121.45, a
premium of 38.40 points over spot closing of 8083.05.
• Turnover on NSE’s Futures & Options segment increased
from Rs 122494.75 crore to Rs 155353.92 crore.
• The Nifty Put‐Call stood at 1.14 compared to the previous
day’s figure of 1.01.
• India VIX has increased by 3.54% to close at 13.53.
• The open interest on Nifty Futures increased by 3.46
lakhs to 1.67 crores in the previous trading session.
Financial & Economic Wrap Up
• India’s current account deficit (CAD) for this financial
year’s first quarter, April to June, narrowed sharply to 1.7
per cent of gross domestic product ($7.8 billion) from 4.8
per cent of GDP ($21.8 bn) in the corresponding period of
2013-14. Further, India's balance-of-payments remained
in surplus for the third straight at $11.2 billion for Apr-
June 2014. (BS)
• Debt mobilisation through corporate bonds on private
placement basis fell by 55 % to Rs 43,147 crore in the first
quarter of the financial year 2014-15 from Rs 96,186
crore in the corresponding period previous year, the
country's premier database on primary capital market
Prime stated on Monday. (ET)
• Norms to raise additional tier-I, II capital eased. The
Reserve Bank of India (RBI) on Monday eased the norms
for investing in banks’ additional tier-I and tier-II capital.
This would ease pressure on the government to infuse
capital into public sectors banks to meet Basel-III norms
by March 2019, bankers said. (BS)
• Amid fall in sowing area and below normal monsoon
reported in this kharif season so far, urea imports have
decreased by 54 per cent to 20.31 lakh tonnes (LT) in the
first five months of 2014-15. (ET)
Equity Market Wrap Up
• The Sensex has ended with the gain of 151.84 points,
0.57 percent, at 27019.39.
• The 50-share NSE Nifty has closed with the gains of 55.35
points, 0.69 percent, at 8083.05, after gap up opening at
7990.35. The SX40 index of MCX-SX ended with the gain
of 102.46 points at 15927.73.
• Only Metal sector was the prominent loser. Consumer
Durables, Healthcare and Oil & Gas sectors were top
gainers up 2.76%, 1.84% and 1.04% respectively.
• Market breadth was positive on the BSE with 1750
gainers against 1244 losers.
F & O Wrap Up
• Nifty September 2014 Future was closed at 8121.45, a
premium of 38.40 points over spot closing of 8083.05.
• Turnover on NSE’s Futures & Options segment increased
from Rs 122494.75 crore to Rs 155353.92 crore.
• The Nifty Put‐Call stood at 1.14 compared to the previous
day’s figure of 1.01.
• India VIX has increased by 3.54% to close at 13.53.
• The open interest on Nifty Futures increased by 3.46
lakhs to 1.67 crores in the previous trading session.
Indices Performance
Index 02-Sept-14 Previous Close % Change#
S&P BSE Sensex 27019.39 26687.55 0.57
CNX Nifty 8083.05 8027.70 0.69
CNX Midcap 11397.35 11334.90 0.55
CNX 500 6484.35 6438.45 0.71
S&P BSE Smallcap 10492.42 10397.59 0.91
Global Markets
Index 02-Sept-14 Previous Close % Change#
Dow Jones 17,067.56 17,098.45 -0.18
Nasdaq 4,598.19 4,580.27 0.39
S&P 500 2,002.28 2,003.37 -0.05
FTSE 6,829.17 6,825.31 0.06
CAC 4,378.33 4,379.73 -0.03
Nifty Top 5 Gainers
Company 02-Sept-14 Previous Close % Change#
CIPLA 557.6 529.15 5.38
BHARTIARTL 392 375.8 4.31
GRASIM 3607.3 3474.7 3.82
AMBUJACEM 216.05 208.45 3.65
ACC 1553.95 1499.55 3.63
Nifty Top 5 Losers
Company 02-Sept-14 Previous Close % Change#
JINDALSTEL 238.95 248 -3.65
SSLT 278.1 283.25 -1.82
TATAPOWER 89.15 90.2 -1.16
HINDUNILVR 732.85 740.4 -1.02
TATASTEEL 519.3 524.1 -0.92
Trading Turnover
Description (Rs in Cr) 02-Sept-14 Change % Change#
NSE 16,501.80 1,196.68 7.82
BSE 3350.92 409.42 13.92
Index Fut 12,381.17 2,676.82 27.58
Stock Fut 26,837.13 2,671.59 11.06
Index Opt 105,273.66 26,834.08 34.21
Stock Opt 10,860.70 675.53 6.63
F & O Total 155,353.92 32,859.17 26.82
Institutional Flows (Equity)
Description (Rs in Cr) Purchases Sales Net
FII Flows 3876.27 3203.46 672.81
DII Flows 1820.36 1988.21 -167.85
# % change is the over the previous days close.
Indices Performance
Index 02-Sept-14 Previous Close % Change#
S&P BSE Sensex 27019.39 26687.55 0.57
CNX Nifty 8083.05 8027.70 0.69
CNX Midcap 11397.35 11334.90 0.55
CNX 500 6484.35 6438.45 0.71
S&P BSE Smallcap 10492.42 10397.59 0.91
Global Markets
Index 02-Sept-14 Previous Close % Change#
Dow Jones 17,067.56 17,098.45 -0.18
Nasdaq 4,598.19 4,580.27 0.39
S&P 500 2,002.28 2,003.37 -0.05
FTSE 6,829.17 6,825.31 0.06
CAC 4,378.33 4,379.73 -0.03
Nifty Top 5 Gainers
Company 02-Sept-14 Previous Close % Change#
CIPLA 557.6 529.15 5.38
BHARTIARTL 392 375.8 4.31
GRASIM 3607.3 3474.7 3.82
AMBUJACEM 216.05 208.45 3.65
ACC 1553.95 1499.55 3.63
Nifty Top 5 Losers
Company 02-Sept-14 Previous Close % Change#
JINDALSTEL 238.95 248 -3.65
SSLT 278.1 283.25 -1.82
TATAPOWER 89.15 90.2 -1.16
HINDUNILVR 732.85 740.4 -1.02
TATASTEEL 519.3 524.1 -0.92
Trading Turnover
Description (Rs in Cr) 02-Sept-14 Change % Change#
NSE 16,501.80 1,196.68 7.82
BSE 3350.92 409.42 13.92
Index Fut 12,381.17 2,676.82 27.58
Stock Fut 26,837.13 2,671.59 11.06
Index Opt 105,273.66 26,834.08 34.21
Stock Opt 10,860.70 675.53 6.63
F & O Total 155,353.92 32,859.17 26.82
Institutional Flows (Equity)
Description (Rs in Cr) Purchases Sales Net
FII Flows 3876.27 3203.46 672.81
DII Flows 1820.36 1988.21 -167.85
# % change is the over the previous days close.
Alankit Assignments Ltd 6 | P a g e
Money Market Wrap Up
• India's benchmark 10-year bond yield ended down 3 basis
points at 8.52 percent on speculation the government
may increase the investment limits for foreign portfolio
investors, bringing alive debt markets that have
stagnated over the past couple of months. (Reuters)
• The benchmark five-year swap rate ended 2 bps lower at
8.00 percent and the one-year rate closed down 1 bp at
8.44 percent. (Reuters)
• India's cash rate ended lower at 6.90/7.00 percent
against the previous close of 7.00/7.10 percent, below
the repo rate on ample liquidity. (Reuters)
Mutual Fund & Insurance Wrap Up
• UTI Mutual Fund has announced to roll over UTI Fixed
Term Income Series XVI-IV (369 days) for 745 days. Now
the scheme will mature on September 29, 2016.
(ValueResearch)
• HDFC Mutual Fund has preponed the closing date of
HDFC FMP 1099D August 2014 (1) to September 04,
2014, against the previous September 09, 2014.
(ValueResearch)
International Metals & Energies Wrap Up
• WTI crude fell amid speculation that weakening
manufacturing from Germany to China will cap global oil
demand. Brent declined in London. (Bloomberg)
• Copper advanced in London as U.S. manufacturing
expanded at the quickest clip in three years and
construction spending rebounded, signaling increased
demand. (Bloomberg)
• Gold and silver futures tumbled to 11-week lows as U.S.
manufacturing in August expanded at the fastest pace in
three years, bolstering prospects for the economy and
damping demand for the precious metals as a haven.
(Bloomberg)
Forex Wrap Up
• A dollar gauge rallied to the highest level since January
amid speculation an improving U.S. economy will bolster
the case for the Federal Reserve to raise interest rates
next year sooner than some traders anticipate.
(Bloomberg)
• Brazil’s shorter-term swap rates climbed as a report
showed industrial output rose more than analysts had
forecast, adding to speculation that policy makers will
resume raising borrowing costs next year. (Bloomberg)
• The ruble headed for its longest losing streak in almost a
month and bonds declined as the European Union
weighed tougher sanctions over the conflict with Ukraine.
Russia pulled its seventh debt sale in a row. (Bloomberg)
Money Market Wrap Up
• India's benchmark 10-year bond yield ended down 3 basis
points at 8.52 percent on speculation the government
may increase the investment limits for foreign portfolio
investors, bringing alive debt markets that have
stagnated over the past couple of months. (Reuters)
• The benchmark five-year swap rate ended 2 bps lower at
8.00 percent and the one-year rate closed down 1 bp at
8.44 percent. (Reuters)
• India's cash rate ended lower at 6.90/7.00 percent
against the previous close of 7.00/7.10 percent, below
the repo rate on ample liquidity. (Reuters)
Mutual Fund & Insurance Wrap Up
• UTI Mutual Fund has announced to roll over UTI Fixed
Term Income Series XVI-IV (369 days) for 745 days. Now
the scheme will mature on September 29, 2016.
(ValueResearch)
• HDFC Mutual Fund has preponed the closing date of
HDFC FMP 1099D August 2014 (1) to September 04,
2014, against the previous September 09, 2014.
(ValueResearch)
International Metals & Energies Wrap Up
• WTI crude fell amid speculation that weakening
manufacturing from Germany to China will cap global oil
demand. Brent declined in London. (Bloomberg)
• Copper advanced in London as U.S. manufacturing
expanded at the quickest clip in three years and
construction spending rebounded, signaling increased
demand. (Bloomberg)
• Gold and silver futures tumbled to 11-week lows as U.S.
manufacturing in August expanded at the fastest pace in
three years, bolstering prospects for the economy and
damping demand for the precious metals as a haven.
(Bloomberg)
Forex Wrap Up
• A dollar gauge rallied to the highest level since January
amid speculation an improving U.S. economy will bolster
the case for the Federal Reserve to raise interest rates
next year sooner than some traders anticipate.
(Bloomberg)
• Brazil’s shorter-term swap rates climbed as a report
showed industrial output rose more than analysts had
forecast, adding to speculation that policy makers will
resume raising borrowing costs next year. (Bloomberg)
• The ruble headed for its longest losing streak in almost a
month and bonds declined as the European Union
weighed tougher sanctions over the conflict with Ukraine.
Russia pulled its seventh debt sale in a row. (Bloomberg)
Policy Rates
Key Rates (%) 02-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 22.50
Bank Rate 9.00 9.00 9.00
Daily Rates
Key Rates (%) 02-Sept-14 Previous Close % Change#
NSE MIBOR O/N 7.53 7.97 -5.52
CALL 7.38 7.52 -1.86
CBLO 7.27 7.74 -6.07
OIS-1Yr 8.45 8.46 -0.12
OIS-5Yr 8.02 8.03 -0.12
Liquidity Indicators
Description (INR Cr) 02-Sept-14 1 Week Ago 1 Month Ago
Govt.Securities 23,323.03 12,968.65 22,897.10
Call Money 10116 14011 12133
CBLO 69568 79707 75016
LAF 2416 17322 20792
Treasury Bills 3,239.25 1,710.36 5,229.89
Top 5 traded G ‐ Sec
Security Maturity % Closing Yield % Change#
8.40% GS 2024 28-Jul-24 8.5279 -0.24
8.60% GS 2028 2-Jun-28 8.6948 -0.16
8.83% GS 2023 25-Nov-23 8.6916 -0.20
8.27% GS 2020 9-Jun-20 8.6239 0.00
8.12% GS 2020 10-Dec-20 8.6876 -0.13
Commodity Market
Commodities (INR) 02-Sept-14 Gains+/Loss % Change#
Gold (10gm) 27550 -384 -1.37
Silver (1Kg) 41590 -414 -0.99
Crude Oil (1 barrel) 5667 -154 -2.65
Aluminium (1 Kg) 127.3 0.6 0.47
Copper (1Kg) 428.7 1.3 0.30
Currency Market
Currency 02-Sept-14 Gains+/Loss %Change#
USD/INR 60.6100 0.1355 0.22
EUR/INR 79.5627 -0.2993 -0.37
GBP/INR 100.4853 0.1339 0.13
JPY/INR 57.8100 -0.4600 -0.79
# % change is the over the previous days close.
Policy Rates
Key Rates (%) 02-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 22.50
Bank Rate 9.00 9.00 9.00
Daily Rates
Key Rates (%) 02-Sept-14 Previous Close % Change#
NSE MIBOR O/N 7.53 7.97 -5.52
CALL 7.38 7.52 -1.86
CBLO 7.27 7.74 -6.07
OIS-1Yr 8.45 8.46 -0.12
OIS-5Yr 8.02 8.03 -0.12
Liquidity Indicators
Description (INR Cr) 02-Sept-14 1 Week Ago 1 Month Ago
Govt.Securities 23,323.03 12,968.65 22,897.10
Call Money 10116 14011 12133
CBLO 69568 79707 75016
LAF 2416 17322 20792
Treasury Bills 3,239.25 1,710.36 5,229.89
Top 5 traded G ‐ Sec
Security Maturity % Closing Yield % Change#
8.40% GS 2024 28-Jul-24 8.5279 -0.24
8.60% GS 2028 2-Jun-28 8.6948 -0.16
8.83% GS 2023 25-Nov-23 8.6916 -0.20
8.27% GS 2020 9-Jun-20 8.6239 0.00
8.12% GS 2020 10-Dec-20 8.6876 -0.13
Commodity Market
Commodities (INR) 02-Sept-14 Gains+/Loss % Change#
Gold (10gm) 27550 -384 -1.37
Silver (1Kg) 41590 -414 -0.99
Crude Oil (1 barrel) 5667 -154 -2.65
Aluminium (1 Kg) 127.3 0.6 0.47
Copper (1Kg) 428.7 1.3 0.30
Currency Market
Currency 02-Sept-14 Gains+/Loss %Change#
USD/INR 60.6100 0.1355 0.22
EUR/INR 79.5627 -0.2993 -0.37
GBP/INR 100.4853 0.1339 0.13
JPY/INR 57.8100 -0.4600 -0.79
# % change is the over the previous days close.
Alankit Assignments Ltd 7 | P a g e
p
.rend
o
Nifty Short Term Trend
The markets wrapped out the day with a bullish condescending
arrogance with the benchmark indices Sensex whizzing to a new
closing high of 27019 and the Nifty sprinting to a record close of
8083 on Tuesday as FIIs continued to show faith in an economy
showing signs of stability.
Technically, Nifty has given breakout from ‘Rising channel’ in
daily chart and sustained well above the same. Since Oscillators
RSI, Stochastic and MACD are positively placed along with price
pattern, there is no sign of reversal on cards. There is gap
between price and '6-day EMA' (7985), which may result into
either time correction or price correction in upcoming sessions.
On the flipside, since the markets are moving in upside direction
from five consecutive sessions, a pullback from current levels
cannot be ruled out. Thus, traders should hold long positions
with strict trailing stoplosses.
Going forward, the individual stocks are likely to outperform the
market. Immediate resistance for Nifty is placed at 8128 - 8176
levels. Whereas, 8020 - 7970 would now provide a decent
support for the index.
Nifty Short Term Trend
The markets wrapped out the day with a bullish condescending
arrogance with the benchmark indices Sensex whizzing to a new
closing high of 27019 and the Nifty sprinting to a record close of
8083 on Tuesday as FIIs continued to show faith in an economy
showing signs of stability.
Technically, Nifty has given breakout from ‘Rising channel’ in
daily chart and sustained well above the same. Since Oscillators
RSI, Stochastic and MACD are positively placed along with price
pattern, there is no sign of reversal on cards. There is gap
between price and '6-day EMA' (7985), which may result into
either time correction or price correction in upcoming sessions.
On the flipside, since the markets are moving in upside direction
from five consecutive sessions, a pullback from current levels
cannot be ruled out. Thus, traders should hold long positions
with strict trailing stoplosses.
Going forward, the individual stocks are likely to outperform the
market. Immediate resistance for Nifty is placed at 8128 - 8176
levels. Whereas, 8020 - 7970 would now provide a decent
support for the index.
Outlook for the Day
Sideways
Market Indices
Sensex: 27019
Nifty: 8083
Trend
Positive
Short Term Trend Reversal
Only Below 7540
Strategy
Buy on declines
Level to watch
Support: 8020, 7970
Resistance: 8128, 8176
Technical Picks
INDIA CEMENT
CENTURY TEX
Outlook for the Day
Sideways
Market Indices
Sensex: 27019
Nifty: 8083
Trend
Positive
Short Term Trend Reversal
Only Below 7540
Strategy
Buy on declines
Level to watch
Support: 8020, 7970
Resistance: 8128, 8176
Technical Picks
INDIA CEMENT
CENTURY TEX
Alankit Assignments Ltd 8 | P a g e
Technical Picks INDIA CEMENT CASH - BUY CMP: 118.90
CENTURY TEX CASH - BUY CMP: 630.60
As seen in the chart, stock prices of INDIACEM have given a bullish breakout known as 'INVERSE HEAD AND SHOULDER'. The said pattern is supported with good increase in volume. The impact of the above pattern can lead prices to an upside of 130/142 in near term. In daily chart prices are trading well above its short term and medium term moving averages i.e. 20SMA, 50SMA and 200SMA which indicates overall bullishness in the counter. Technically looking on all the above parameters a strong upside from the current levels cannot be ruled out. Recommendation: We recommend positional
traders to go long in INDIACEM CASH at/above
118 with SL of 112 for TARGETS of 130/142.
As seen in the chart, stock prices of INDIACEM have given a bullish breakout known as 'INVERSE HEAD AND SHOULDER'. The said pattern is supported with good increase in volume. The impact of the above pattern can lead prices to an upside of 130/142 in near term. In daily chart prices are trading well above its short term and medium term moving averages i.e. 20SMA, 50SMA and 200SMA which indicates overall bullishness in the counter. Technically looking on all the above parameters a strong upside from the current levels cannot be ruled out. Recommendation: We recommend positional
traders to go long in INDIACEM CASH at/above
118 with SL of 112 for TARGETS of 130/142.
If we analyze the weekly charts, stock prices of CENTURY TEX are in strong bull trend as the prices are continuously moving in a 'HIGHER TOP HIGHER BOTTOM' price cycle. As seen in the chart stock prices since last one month were trading in a range of 620 - 575 and yesterday the prices by giving a close above 620 have given a bullish breakout. The impact of the breakout can lead prices to an upside of 660/675 in near term. In daily chart, momentum oscillators like RSI and MACD are in positive zone supporting the buy call.
Recommendation: Looking on the entire above scenario we recommend positional traders to go long in CENTURY TEX CASH at/above 622 with SL of 598 for TARGETS of 660/675.
If we analyze the weekly charts, stock prices of CENTURY TEX are in strong bull trend as the prices are continuously moving in a 'HIGHER TOP HIGHER BOTTOM' price cycle. As seen in the chart stock prices since last one month were trading in a range of 620 - 575 and yesterday the prices by giving a close above 620 have given a bullish breakout. The impact of the breakout can lead prices to an upside of 660/675 in near term. In daily chart, momentum oscillators like RSI and MACD are in positive zone supporting the buy call.
Recommendation: Looking on the entire above scenario we recommend positional traders to go long in CENTURY TEX CASH at/above 622 with SL of 598 for TARGETS of 660/675.
Alankit Assignments Ltd 9 | P a g e
BANKNIFTY CALLS: RANGE FOR THE DAY IS 16060 - 16422
SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS
BANKNIFTY FUTURES BUY AT/ABOVE 16128 16295/16390/16500 16026
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 16116
NIFTY CALLS FOR THE DAY: RANGE FOR THE DAY IS 8075 – 8180
SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS
NIFTY FUTURES BUY AT/ABOVE 8096 8148/8172/8198 8049
IF NIFTY FUT HITS 8172 AND RETRACES THEN SELL NIFTY FUT AT/BELOW 8155
NIFTY FUTURES SELL AT/BELOW 8155 8100/8072/8040 8181
NIFTY FUTURE IS STRONG ABOVE 8090
OPTIONS CALLS
SCRIP STRIKE
PRICE
SIGNAL ENTRY LEVELS TARGET STOP LOSS
BANKNIFTY 16200CE BUY AT/ABOVE 240 355/410/465 180
BANKNIFTY 16000PE BUY AT/ABOVE 170 285/340/395 135
NIFTY 8200CE BUY AT/ABOVE 55 74/89/105 43
NIFTY 8000PE BUY AT/ABOVE 44 62/76/89 32
ICICIBANK 1600CE BUY AT/ABOVE 32 46/59/71 25
ICICIBANK 1600PE BUY AT/ABOVE 34 48/61/73 27
INFY 3600CE BUY AT/ABOVE 65 90/106/123 49
INFY 3600PE BUY AT/ABOVE 48 63/75/88 39
RELIANCE 1040CE BUY AT/ABOVE 16 28/37/45 11
RELIANCE 1020PE BUY AT/ABOVE 13 21/29/37 8
SBIN 2550CE BUY AT/ABOVE 49 65/77/92 40
SBIN 2500PE BUY AT/ABOVE 44 62/71/86 35
TECHNICAL CALLS
SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS
INDIA CEM CASH BUY AT/ABOVE 118 130/136/142 112
CENTURY TEX CASH BUY AT/ABOVE 622 660/668/675 598
HDFC LTD FUT SELL AT/BELOW 1080 1052/1045/1031 1098
GLENMARK CASH BUY AT/ABOVE 725 748/761/775 711
UBL CASH BUY AT/ABOVE 707 727/741/755 695
SIEMENS FUT SELL AT/BELOW 843 821/810/795 864
Alankit Assignments Ltd 10 | P a g e
CORPORATE ACTION
Company Purpose Date
UNITED SPIRITS Result September 03, 2014
PIIND Final Dividend - Rs.1.00 September 03, 2014
TNPL Dividend - Rs.6.00 September 03, 2014
SUPREMEINF Dividend - Rs.1.50 September 03, 2014
NEWS UPDATES
Tata Motors bags order for 2,700 buses under JNNURM scheme
Automobile major Tata Motors has received orders for over 2,700 'urban' buses under the Jawaharlal Nehru National
Urban Renewal Mission (JNNURM) - II scheme. The company had received an order from KSRTC (Karnataka State Road
Transport Corporation) to supply 487 buses and another for 780 buses from HRTC (Himachal Road Transport
Corporation) for Tata Marcopolo built buses as per Urban Bus Specifications under JNNURM - II scheme, Tata Motors
said in a statement. (ET)
Fourth co-founder exit at Mindtree; experts say such moves healthy
The exits of several of its co-founders who were once holding significant positions at the Bangalore-based IT services
company Mindtree may be a sign of the company maturing to the next level. Several experts believe that amid the fast-
evolving technology landscape, it is healthy for co-founders to gradually move aside and allow the company to be run
by professionals who could bring fresh ideas and spearhead changes more rapidly and swiftly. (BS)
Alstom T&D bags Rs 55-cr contract from Bhutan hydroelectric project
Alstom T&D India has secured a €7-million (Rs 55-crore) contract from Mangdechhu Hydroelectric Project Authority
(MHPA), Bhutan, for the supply of power transformers to the 720 MW Mangdechhu hydroelectric project. the work
involves, design, supply and commissioning of the generator transformer, shunt reactor and associated equipment for
the project. All equipment would be supplied from Alstom T&D India’s manufacturing facility in Naini.
Unitech to sell non-core lands to cut debt
Unitech currently has over 100 ongoing projects, totaling an area of 38.41 million sq ft. Its net debt stood at Rs 5,900
crore at the end of the first quarter of this fiscal. Real estate firm Unitech will sell non-core land parcels to reduce debt
by 15-20 percent and improve cash-flows for faster execution of ongoing projects, company's chairman Ramesh
Chandra has said.
INTERNATIONAL MARKETS UPDATE
US markets
US markets ended mixed on Tuesday. S&P 500 was down by 0.05%, Dow Jones was down by 0.18% and NASDAQ was up
by 0.39%.
European Markets
European markets ended mixed on Tuesday. FTSE was up by 0.06%, CAC was down by 0.03% and DAX was up by 0.29%.
Alankit Assignments Ltd 11 | P a g e
NSE (SEPTEMBER FUTURES) SUPPORT & RESISTANCE
SUPPORT LEVELS RESISTANCE LEVELS
STOCKS S3 S2 S1 PIVOT R1 R2 R3
ABIRLANUVO 1412.23 1441.12 1457.23 1486.12 1502.23 1531.12 1547.23
ACC 1459.92 1483.93 1523.42 1547.43 1586.92 1610.93 1650.42
ADANIENT 483.45 486.8 490.8 494.15 498.15 501.5 505.5
ADANIPORTS 281.38 284.32 287.28 290.22 293.18 296.12 299.08
ADANIPOWER 49.03 49.82 50.33 51.12 51.63 52.42 52.93
ALBK 115.73 117.02 117.93 119.22 120.13 121.42 122.33
AMBUJACEM 203.52 206.43 211.82 214.73 220.12 223.03 228.42
ANDHRABANK 72.73 74.17 75.03 76.47 77.33 78.77 79.63
APOLLOHOSP 1137.78 1158.52 1171.53 1192.27 1205.28 1226.02 1239.03
APOLLOTYRE 176.55 178.95 182.65 185.05 188.75 191.15 194.85
ARVIND 287.03 289.52 293.08 295.57 299.13 301.62 305.18
ASHOKLEY 36.4 37.15 37.7 38.45 39 39.75 40.3
ASIANPAINT 609.47 617.33 622.27 630.13 635.07 642.93 647.87
AUROPHARMA 798.67 804.68 810.97 816.98 823.27 829.28 835.57
AXISBANK 401.63 404.47 407.43 410.27 413.23 416.07 419.03
BAJAJ-AUTO 2190.77 2227.38 2249.77 2286.38 2308.77 2345.38 2367.77
BANKBARODA 861.57 874.08 884.47 896.98 907.37 919.88 930.27
BANKINDIA 279.88 283.52 286.73 290.37 293.58 297.22 300.43
BATAINDIA 1251.37 1265.68 1279.97 1294.28 1308.57 1322.88 1337.17
BHARATFORG 793.47 799.73 809.92 816.18 826.37 832.63 842.82
BHARTIARTL 364.03 371.07 382.63 389.67 401.23 408.27 419.83
BHEL 224.38 227.07 230.63 233.32 236.88 239.57 243.13
BIOCON 461.92 468.93 479.77 486.78 497.62 504.63 515.47
BPCL 665.78 673.67 682.63 690.52 699.48 707.37 716.33
CAIRN 322.48 325.57 330.23 333.32 337.98 341.07 345.73
CANBK 379.52 384.43 388.17 393.08 396.82 401.73 405.47
CENTURYTEX 582.72 593.93 614.42 625.63 646.12 657.33 677.82
CESC 680.3 690.15 697.25 707.1 714.2 724.05 731.15
CIPLA 499.67 518.18 539.17 557.68 578.67 597.18 618.17
COALINDIA 354.7 358.7 361.6 365.6 368.5 372.5 375.4
COLPAL 1516.1 1530.5 1539.95 1554.35 1563.8 1578.2 1587.65
CROMPGREAV 195.52 198.43 201.02 203.93 206.52 209.43 212.02
DABUR 223.73 225.57 227.08 228.92 230.43 232.27 233.78
DISHTV 53.27 53.88 54.32 54.93 55.37 55.98 56.42
DIVISLAB 1542.42 1559.28 1585.27 1602.13 1628.12 1644.98 1670.97
DLF 174.7 177.25 180.9 183.45 187.1 189.65 193.3
DRREDDY 2909.35 2932 2972.7 2995.35 3036.05 3058.7 3099.4
EXIDEIND 161.22 163.23 164.87 166.88 168.52 170.53 172.17
FEDERALBNK 120.6 122.15 123.1 124.65 125.6 127.15 128.1
Alankit Assignments Ltd 12 | P a g e
STOCKS S3 S2 S1 PIVOT R1 R2 R3
GAIL 442.87 448.43 457.37 462.93 471.87 477.43 486.37
GLENMARK 711.02 718.48 726.92 734.38 742.82 750.28 758.72
GMRINFRA 24.75 25.2 26 26.45 27.25 27.7 28.5
GODREJIND 322.75 326.65 330 333.9 337.25 341.15 344.5
GRASIM 3337.25 3411 3525.9 3599.65 3714.55 3788.3 3903.2
GSKCONS 4423.63 4446.82 4488.63 4511.82 4553.63 4576.82 4618.63
HAVELLS 266.23 271.12 274.08 278.97 281.93 286.82 289.78
HCLTECH 1602.6 1616.3 1635.6 1649.3 1668.6 1682.3 1701.6
HDFC 1045.23 1055.62 1064.13 1074.52 1083.03 1093.42 1101.93
HDFCBANK 829.13 837.32 851.88 860.07 874.63 882.82 897.38
HDIL 89.42 91.03 92.57 94.18 95.72 97.33 98.87
HEROMOTOCO 2709.13 2741.07 2770.38 2802.32 2831.63 2863.57 2892.88
HEXAWARE 150.22 153.73 158.22 161.73 166.22 169.73 174.22
HINDALCO 168.78 171.07 172.83 175.12 176.88 179.17 180.93
HINDPETRO 452.4 457.7 466.2 471.5 480 485.3 493.8
HINDUNILVR 720.17 724.88 729.57 734.28 738.97 743.68 748.37
HINDZINC 161.37 163.63 165.12 167.38 168.87 171.13 172.62
IBREALEST 66.38 68.97 70.68 73.27 74.98 77.57 79.28
ICICIBANK 1551.2 1571.15 1583.1 1603.05 1615 1634.95 1646.9
IDBI 76.4 77.35 78 78.95 79.6 80.55 81.2
IDEA 160 163.6 168.4 172 176.8 180.4 185.2
IDFC 142.57 143.78 145.57 146.78 148.57 149.78 151.57
IFCI 32.83 33.37 33.73 34.27 34.63 35.17 35.53
IGL 372.97 381.48 391.22 399.73 409.47 417.98 427.72
INDIACEM 113.08 114.87 117.33 119.12 121.58 123.37 125.83
INDUSINDBK 599.67 604.83 610.62 615.78 621.57 626.73 632.52
INFY 3507.75 3536.4 3582.7 3611.35 3657.65 3686.3 3732.6
IOB 60.2 61.2 61.8 62.8 63.4 64.4 65
IOC 377.18 380.12 383.58 386.52 389.98 392.92 396.38
IRB 239.73 244.02 251.58 255.87 263.43 267.72 275.28
ITC 344.73 347.52 351.78 354.57 358.83 361.62 365.88
JINDALSTEL 223.05 231.25 235.95 244.15 248.85 257.05 261.75
JISLJALEQS 88.4 90.1 93.1 94.8 97.8 99.5 102.5
JPASSOCIAT 44.43 45.82 46.63 48.02 48.83 50.22 51.03
JPPOWER 13.93 14.32 14.58 14.97 15.23 15.62 15.88
JSWENERGY 75.8 77.15 78.2 79.55 80.6 81.95 83
JSWSTEEL 1223.28 1263.07 1295.18 1334.97 1367.08 1406.87 1438.98
JUBLFOOD 1306.9 1324.45 1347.9 1365.45 1388.9 1406.45 1429.9
JUSTDIAL 1525.9 1567.7 1637.4 1679.2 1748.9 1790.7 1860.4
KOTAKBANK 1016.27 1027.18 1045.17 1056.08 1074.07 1084.98 1102.97
Alankit Assignments Ltd 13 | P a g e
STOCKS S3 S2 S1 PIVOT R1 R2 R3
KTKBANK 124.67 126.23 127.37 128.93 130.07 131.63 132.77
L&TFH 66.08 66.72 67.13 67.77 68.18 68.82 69.23
LICHSGFIN 305.32 308.73 310.87 314.28 316.42 319.83 321.97
LT 1518.78 1539.77 1561.88 1582.87 1604.98 1625.97 1648.08
LUPIN 1252.48 1271.52 1294.93 1313.97 1337.38 1356.42 1379.83
M&M 1364.78 1382.42 1393.13 1410.77 1421.48 1439.12 1449.83
M&MFIN 268.97 274.03 277.32 282.38 285.67 290.73 294.02
MARUTI 2841.62 2881.48 2905.22 2945.08 2968.82 3008.68 3032.42
MCDOWELL-N 2354.52 2374.23 2408.22 2427.93 2461.92 2481.63 2515.62
MCLEODRUSS 284.3 289.15 292.85 297.7 301.4 306.25 309.95
MRF 25090.73 25251.87 25417.73 25578.87 25744.73 25905.87 26071.73
NHPC 21.27 21.43 21.57 21.73 21.87 22.03 22.17
NMDC 168 169.8 172.55 174.35 177.1 178.9 181.65
NTPC 137.43 138.47 139.88 140.92 142.33 143.37 144.78
OFSS 3607.1 3626.7 3645.75 3665.35 3684.4 3704 3723.05
ONGC 428.22 432.33 439.42 443.53 450.62 454.73 461.82
ORIENTBANK 268.1 271.6 275.3 278.8 282.5 286 289.7
PETRONET 167.13 175.92 185.63 194.42 204.13 212.92 222.63
PFC 249.12 252.68 257.07 260.63 265.02 268.58 272.97
PNB 949.73 961.12 968.23 979.62 986.73 998.12 1005.23
POWERGRID 128.57 129.43 130.72 131.58 132.87 133.73 135.02
PTC 87.5 88.45 89.35 90.3 91.2 92.15 93.05
RANBAXY 622.23 630.42 644.63 652.82 667.03 675.22 689.43
RCOM 113.83 115.97 118.13 120.27 122.43 124.57 126.73
RECLTD 262.43 267.02 270.43 275.02 278.43 283.02 286.43
RELCAPITAL 535.12 541.03 545.47 551.38 555.82 561.73 566.17
RELIANCE 998.78 1008.42 1020.03 1029.67 1041.28 1050.92 1062.53
RELINFRA 714.15 722.75 734.3 742.9 754.45 763.05 774.6
RPOWER 74.53 75.72 76.58 77.77 78.63 79.82 80.68
SAIL 81.12 82.28 83.52 84.68 85.92 87.08 88.32
SBIN 2486.57 2502.18 2516.77 2532.38 2546.97 2562.58 2577.17
SIEMENS 802.7 815.85 823.6 836.75 844.5 857.65 865.4
SRTRANSFIN 923.52 934.33 949.32 960.13 975.12 985.93 1000.92
SSLT 269.97 274.28 276.97 281.28 283.97 288.28 290.97
SUNPHARMA 829.25 838.15 853.1 862 876.95 885.85 900.8
SUNTV 350.57 355.43 359.67 364.53 368.77 373.63 377.87
SYNDIBANK 119.08 120.97 122.13 124.02 125.18 127.07 128.23
TATACHEM 386.18 391.12 396.03 400.97 405.88 410.82 415.73
TATACOMM 357.57 365.13 369.82 377.38 382.07 389.63 394.32
TATAGLOBAL 150.95 152.5 154.3 155.85 157.65 159.2 161
Alankit Assignments Ltd 14 | P a g e
STOCKS S3 S2 S1 PIVOT R1 R2 R3
TATAMOTORS 507.43 511.47 515.53 519.57 523.63 527.67 531.73
TATAMTRDVR 359.97 365.73 369.97 375.73 379.97 385.73 389.97
TATAPOWER 86.1 87.65 88.55 90.1 91 92.55 93.45
TATASTEEL 509.2 514.95 518.5 524.25 527.8 533.55 537.1
TCS 2477.32 2498.68 2526.07 2547.43 2574.82 2596.18 2623.57
TECHM 2318.83 2342.07 2381.83 2405.07 2444.83 2468.07 2507.83
TITAN 361.07 366.88 377.17 382.98 393.27 399.08 409.37
UBL 696.53 702.82 710.58 716.87 724.63 730.92 738.68
UCOBANK 83.55 86.3 87.85 90.6 92.15 94.9 96.45
ULTRACEMCO 2582.3 2620.65 2679.25 2717.6 2776.2 2814.55 2873.15
UNIONBANK 210.27 213.03 215.32 218.08 220.37 223.13 225.42
UNITECH 22.73 23.22 23.63 24.12 24.53 25.02 25.43
UPL 316.18 320.87 323.93 328.62 331.68 336.37 339.43
VOLTAS 238.57 242.83 245.67 249.93 252.77 257.03 259.87
WIPRO 554.77 558.38 561.72 565.33 568.67 572.28 575.62
YESBANK 588.87 594.33 601.92 607.38 614.97 620.43 628.02
ZEEL 275.58 279.37 282.03 285.82 288.48 292.27 294.93
Disclaimer : The information contained in this report is extracted from different public sources and does not
represent views/ opinions of Alankit Assignments Ltd or its associated companies. Alankit Assignments Ltd
does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for
any errors or omissions or for its results obtained from the use of such information. All reasonable care has
been taken to ensure that the information contained herein is not misleading or untrue at the time of
publication. This is not a sales literature and all the information is for the information of the person to whom
it is provided without any liability whatsoever on the part of Alankit Assignments Ltd or any associated
companies or any employee thereof. Alankit Assignments Ltd and/ or its directors and/ or its affiliates and/
or employees or any of its affiliates may have interests/ positions, financials or otherwise in the securities or
sector mentioned in this report. No matter, from this document should be reproduced or copied in any
manner without the prior consent of Alankit Assignments Ltd. Neither Alankit Assignments Ltd not its
directors, employees, agents, or representatives shall be liable for any dam-ages whether direct or indirect
special or consequential including lost revenue or lost profits that may arise from or in connection with the
use of the information.