Benchmark indices ended at fresh record closing high today, backed by ICICI

Bank, Reliance Industries and HDFC.The 30-share BSE Sensex was up 88.90

points at 34,592.39 and the 50-share NSE Nifty gained 30.10 points at

10,681.30, but Midcap index underperformed.

KEI Industries shares rallied 10 percent as Motilal Oswal has initiated

coverage with Buy rating on the stock and target price at Rs 537, implying

potential upside of 44 percent as the company is expected to be major

beneficiary of key government initiatives.

Karnataka Bank has reported profit growth of 27.6 percent at Rs 87.4 crore

for quarter ended December 2017, up from Rs 68.5 crore in year-ago.Net

interest income grew by 20 percent to Rs 451.6 crore from Rs 376.5 crore

YoY.Gross non-performing assets were lower at 3.97 percent compared to

4.13 percent in previous quarter and even net NPA were also lower at 2.85

percent against 3.04 percent in Q2.Provisions for bad loans fell to Rs 196.4

crore for the quarter, from Rs 226 crore QoQ.

India's vegetable oil imports in December fell 10 percent from a year ago to

1.1 million tonnes as refiners slashed overseas soyoil purchases after supplies

rose from the local crop, a trade body said today.The country's imports of

soyoil stood at 79,250 tonnes for the month, well down on the 232,132 tonnes

bought last year, the Solvent Extractors' Association, a Mumbai-based trade

group for oilseed processors, said in a statement."Indian import duty has gone

up so people were waiting to see the impact of duty on prices. Supply from

local soybean crop was also good," said Sandeep Bajoria, chief executive of

vegetable oil importer Sunvin group.

Market Performance:-

Nifty Gainer/losers

Symbol LTP %

Change

Traded

Qty

Value

(in Lakhs) Open High Low

Prev.

Close

ZEEL 595.75 2.72 91,77,336 54,219.70 584.00 598.45 579.65 580.00

ICICIBANK 317.25 2.50 1,16,99,345 36,858.79 309.60 318.80 309.60 309.50

INFRATEL 374.90 1.94 28,34,284 10,513.21 364.05 376.95 364.05 367.75

VEDL 338.80 1.47 81,44,499 27,595.19 337.00 341.45 335.20 333.90

MARUTI 9,460.00 1.29 6,85,141 64,637.71 9,387.00 9,494.75 9,355.10 9,339.80

Symbol LTP %

Change

Traded

Qty

Traded

Value

(in Lakhs)

Open High Low Prev.

Close

LUPIN 916.40 -1.38 12,91,426 11,921.67 931.00 937.00 908.25 929.20

UPL 776.00 -1.30 19,55,588 15,178.10 789.00 790.00 768.05 786.20

BHARTIARTL 508.40 -1.23 43,69,137 22,280.85 516.00 517.35 504.50 514.75

BOSCHLTD 19,730.00 -1.13 19,820 3,928.72 19,954.70 20,068.30 19,660.00 19,954.70

AMBUJACEM 269.00 -1.01 21,31,954 5,770.35 271.10 274.40 267.70 271.75

INDICES LAST PREV VALUE CHANGE % CHANGE

NIFTY 10681.25 10651.20 30.05 0.28

BANK NIFTY 25749.05 25660.90 88.15 0.34

SENSEX 34592.39 33969.65 88.90 0.26

TECHNICAL VIEW:-

Welspun Corp Limited

RECOMMENDATION – AS YOU SEEN IN THE CHARTS THAT AROON SHOW BUY

SIGNAL SO TRADER CAN MAKE THEIR POSITION ABOVE 175.80 tg- 177.60 /

181.10 /186.50 sl- 171.00

WELCORP BUY ABOVE 175.80 tg- 177.60 / 181.10 /186.50 sl- 171.00

WINDMACHIN LAST WEEK UPDATED CALL

FIRST TARGET HIT FROM 123.50 TG- 124.70

TECHNICAL VIEW:-

International Paper APPM Limited

RECOMMENDATION – AS YOU SEEN IN THE CHARTS THAT AROON SHOW BUY

SIGNAL SO TRADER CAN MAKE THEIR POSITION ABOVE 414 TG- 418 /426 /438

SL- 402.00

IPAPPM BUY ABOVE 414 TG- 418 /426 /438 SL- 402.00

TECHNICAL VIEW:-

Recommendation: - Nifty end up 30.05 point close at 10681.25. Stochastic

show buy signal so trader can make their position above 10695 tg- 10735

/10785 /10845 sl- 10620.00

RESISITANCE :- 10715 / 10749

PIVOT POINT :- 10656

SUPPORT :- 10622 / 10562

TECHNICAL VIEW:-

Recommendation: - Bank Nifty end up 88.15 point close at 25749.05

.Stochastic show buy signal so trader can make their position above 25765 tg-

25825 /25895 /25975 sl- 25665.00

RESISITANCE : 25830 / 25911

PIVOT POINT :- 25693

SUPPORT :- 25612 / 25476

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