J.K. Cement MARKET LENS -...
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NIFTY 10378 IN FOCUS Support 10275 10200 Resistance 10430 10530 Stock in Focus J.K. Cement Positional Pick GODREJCP Intraday Pick DHFL Intraday Pick DIVISLAB Institutional Equity Research MARKET LENS February 20, 2018 1 Exchange Rs Crore BSE Equity 4,072.2 BSE Derivatives 0.5 NSE Equity 28,468.4 NSE Derivatives 868,372.3 Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 33,774.7 (236.1) -0.7% -4.9% -0.8% CNX Nifty 10,378.4 (73.9) -0.7% -4.7% -1.4% S&P CNX 500 9,160.0 (75.6) -0.8% -5.8% -3.5% SENSEX 50 10,824.5 (80.4) -0.7% -4.8% -1.4% International Last Trade Change 1-D 1-Mth YTD DJIA 25,219.4 19.0 0.1% -3.3% 2.0% NASDAQ 7,239.5 (17.0) -0.2% -1.3% 4.9% NIKKEI 21,881.6 (267.7) -1.2% -8.1% -3.9% HANGSENG 30,803.9 (311.5) -1.0% -3.5% 3.0% MSCI Emerging Mkts 1,201.0 1.3 0.1% -2.6% 3.7% Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 34.7 0.0 0.0% -10.2% -7.5% Tata Motors (ADR) 28.8 (0.4) -1.5% -13.0% -12.9% Infosys (ADR) 17.6 (0.0) -0.1% -2.2% 8.4% ICICI Bank (ADR) 10.2 (0.3) -2.5% -7.1% 4.3% HDFC Bank (ADR) 100.8 (0.5) -0.5% -6.1% -0.9% Axis Bank (GDR) 41.6 (0.4) -0.8% -10.2% -4.9% Reliance Ind (GDR) 28.8 0.1 0.2% 0.3% 0.9% ADRs / GDRs Key Commodities Last Trade Change 1-D 1-Mth YTD Brent Crude ($/bl) 65.3 (0.4) -0.6% -4.9% -2.4% Silver ($/Oz) 16.6 (0.1) -0.6% -3.1% -2.1% Gold ($/Oz) 1,342.4 (4.1) -0.3% 0.6% 3.0% Copper LME ($/MT) 7,076.5 (114.5) -1.6% 1.1% -1.8% Aluminium LME ($/MT) 2,264.0 46.0 2.1% 2.1% 0.4% Baltic Dry 1,084.0 (5.0) -0.5% -3.6% -20.6% COMMODITY MARKET Last Trade Change 1-D 1-Mth YTD USD/INR 64.2 63.9 0.5% 0.3% 0.5% EUR/INR 80.2 79.8 0.5% 2.5% 4.8% CURRENCY RATES Last Trade Change 1-D 1-Mth YTD T-Bill - 91 D 6.3 6.3 -0.1% 0.1% 1.9% 10 Year G-sec Yield 7.6 7.6 0.1% 2.6% 3.4% RATES Category BUY SELL NET Prev FII 3,368.5 4,264.3 (895.8) (1,066.0) DII 3,120.9 2,534.4 586.5 1,127.8 INVESTMENT ACTIVITY (RS. CR) EXCHANGE TURNOVER GODREJCP (PREVIOUS CLOSE: 1038) BUY Fresh long position can be initiated in the range of Rs1030-1015 for the target of Rs1120 with a strict stop loss of Rs995. Positional Pick STOCK IN FOCUS EQUITY INDICES Intraday Picks f J.K. Cement (JKC) gained ~1.5% in yesterday’s trade defying the selloff on the expectation of healthy traction ahead due to improving utilization and favourable product mix. f With the likely revival in pricing trend and resumption of petcoke usage, we expect JKC’s performance to improve further in coming months. f Further, a well-planned expansion of 4.2mnT will further aid JKC to consolidate its presence in various markets. With healthy cash generation at operating level, we expect JKC to fund the expansion plan quite easily. f Ntably, value added products (Wall Putty and White Cement) are likely to remain cash cow for JKC and continue to offer an edge over others. f We maintain our fundamental BUY rating on the stock with a Target Price of Rs1,235. DHFL (PREVIOUS CLOSE: 547) BUY For today’s trade, long position can be initiated in the range of Rs540- 536 for the target of Rs562-567 with a strict stop loss of Rs530. DIVISLAB (PREVIOUS CLOSE: 1017) SELL For today’s trade, short position can be initiated in the range of Rs1030-1037 for the target of Rs1000-990 with a strict stop loss of Rs1048.
Transcript of J.K. Cement MARKET LENS -...
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
1
Exchange Rs Crore
BSE Equity 4,072.2
BSE Derivatives 0.5
NSE Equity 28,468.4
NSE Derivatives 868,372.3
Indices Absolute Change Percentage Change
Domestic Last Trade Change 1-D 1-Mth YTD
BSE Sensex 33,774.7 (236.1) -0.7% -4.9% -0.8%
CNX Nifty 10,378.4 (73.9) -0.7% -4.7% -1.4%
S&P CNX 500 9,160.0 (75.6) -0.8% -5.8% -3.5%
SENSEX 50 10,824.5 (80.4) -0.7% -4.8% -1.4%
International Last Trade Change 1-D 1-Mth YTD
DJIA 25,219.4 19.0 0.1% -3.3% 2.0%
NASDAQ 7,239.5 (17.0) -0.2% -1.3% 4.9%
NIKKEI 21,881.6 (267.7) -1.2% -8.1% -3.9%
HANGSENG 30,803.9 (311.5) -1.0% -3.5% 3.0%
MSCI Emerging Mkts 1,201.0 1.3 0.1% -2.6% 3.7%
Last Trade Change 1-D 1-Mth YTD
Dr. Reddy’s Lab (ADR) 34.7 0.0 0.0% -10.2% -7.5%
Tata Motors (ADR) 28.8 (0.4) -1.5% -13.0% -12.9%
Infosys (ADR) 17.6 (0.0) -0.1% -2.2% 8.4%
ICICI Bank (ADR) 10.2 (0.3) -2.5% -7.1% 4.3%
HDFC Bank (ADR) 100.8 (0.5) -0.5% -6.1% -0.9%
Axis Bank (GDR) 41.6 (0.4) -0.8% -10.2% -4.9%
Reliance Ind (GDR) 28.8 0.1 0.2% 0.3% 0.9%
ADRs / GDRs
Key Commodities Last Trade Change 1-D 1-Mth YTD
Brent Crude ($/bl) 65.3 (0.4) -0.6% -4.9% -2.4%
Silver ($/Oz) 16.6 (0.1) -0.6% -3.1% -2.1%
Gold ($/Oz) 1,342.4 (4.1) -0.3% 0.6% 3.0%
Copper LME ($/MT) 7,076.5 (114.5) -1.6% 1.1% -1.8%
Aluminium LME ($/MT) 2,264.0 46.0 2.1% 2.1% 0.4%
Baltic Dry 1,084.0 (5.0) -0.5% -3.6% -20.6%
COMMODITY MARKET
Last Trade Change 1-D 1-Mth YTD
USD/INR 64.2 63.9 0.5% 0.3% 0.5%
EUR/INR 80.2 79.8 0.5% 2.5% 4.8%
CURRENCY RATES
Last Trade Change 1-D 1-Mth YTD
T-Bill - 91 D 6.3 6.3 -0.1% 0.1% 1.9%
10 Year G-sec Yield 7.6 7.6 0.1% 2.6% 3.4%
RATES
Category BUY SELL NET Prev
FII 3,368.5 4,264.3 (895.8) (1,066.0)
DII 3,120.9 2,534.4 586.5 1,127.8
INVESTMENT ACTIVITY (RS. CR)
EXCHANGE TURNOVER
GODREJCP (PREVIOUS CLOSE: 1038) BUYFresh long position can be initiated in the range of Rs1030-1015 for the target of Rs1120 with a strict stop loss of Rs995.
Positional Pick
STOCK IN FOCUS
EQUITY INDICES
Intraday Picks
f J.K. Cement (JKC) gained ~1.5% in yesterday’s trade defying the selloff on the expectation of healthy traction ahead due to improving utilization and favourable product mix.
f With the likely revival in pricing trend and resumption of petcoke usage, we expect JKC’s performance to improve further in coming months.
f Further, a well-planned expansion of 4.2mnT will further aid JKC to consolidate its presence in various markets. With healthy cash generation at operating level, we expect JKC to fund the expansion plan quite easily.
f Ntably, value added products (Wall Putty and White Cement) are likely to remain cash cow for JKC and continue to offer an edge over others.
f We maintain our fundamental BUY rating on the stock with a Target Price of Rs1,235.
DHFL (PREVIOUS CLOSE: 547) BUYFor today’s trade, long position can be initiated in the range of Rs540-536 for the target of Rs562-567 with a strict stop loss of Rs530.
DIVISLAB (PREVIOUS CLOSE: 1017) SELLFor today’s trade, short position can be initiated in the range of Rs1030-1037 for the target of Rs1000-990 with a strict stop loss of Rs1048.
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
2
MARKET SYNOPSIS
f Yesterday, NSE-NIFTY witnessed sharp fall post a firm opening, where index tried to hold further decline by consolidating around intraday support of 10,390 level. Later, that oscillation failed to save the index from extending losses as NIFTY slipped to sub-10,300 mark. Finally, with the help of late trade rebound NIFTY recovered some damages and shut the shop with cut of 74 points at 10,378 mark.
f NSE Cash segment reported turnover of Rs28,468 crore as compared to Rs29,800 crore earlier.
f Overall market breadth remained negative, where 391 stocks advanced against 1412 declined stocks.
f Negative trend was observed across all the sectoral indices during the day, where again and again PSU Bank emerged as a top loser with the decrease of 2.5%. However, rest of the sectoral indices has reported fall of between 0.5% and 1.7%.
NSE-NIFTY OUTLOOK
f NSE-NIFTY begun brand new week on a negative note, where the index has breached prior wide band of consolidation forming a Bearish Belt Hold Pattern right after a Bearish Engulfing one, on the daily chart. Bearish Belt Hold Pattern can act as a top reversal pattern. Due to recent break-down, the key technical indicators-RSI, MACD and Stochastic has extended their fall. We believe NIFTY will remain in pressure for the near-term, where the index will find strong support around its 200-day moving averages (placed at around 10,100 level) and then at the psychological level-10,000. However in case of rebound, now 10,600 mark will restrict the up-move.
f As for the day, support is placed at around 10,275 and then at 10,200 levels, while resistance is observed at 10,430 and then at 10,530 levels.
Technical Research
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
3
f The stock has retraced 84% of prior up-move (begun from Rs973 and ended at Rs1127) and later reversed taking support of its medium-term moving averages and rose to 2-week closing high.
f Due to recent turnaround in the price, (i) RSI has given positive cross-over, (ii) Histogram recovered from the lower levels, (iii) MACD remained sideways above its neutral line and (iv) Stochastic has extended its up-move.
f As per the current daily set-up, we believe that the stock will soon resume its northward journey and will revisit the life-time-high.
f In case of major decline, recent swing low will act as a key reversal point for the stock.
f Hence, fresh long position can be initiated only in the range of Rs1030-1015 for the target of Rs1120 with a stop loss of Rs995.
Technical Research
Positional Pick: Godrej Consumer ProductsPREV.CLOSE: 1038| RECO: BUY| IN: 1030-1015 RANGE| TARGET: 1120| STOP LOSS: 995
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
4
f Indian bourses remained in the pressure for straight second trading session in a row, where despite firm global cues Nifty lost 10,400 mark. Nifty closed down by 74 points at 10,378 level. Among the Nifty stocks 13 advanced and 37 declined during the day.
f Negative trend was observed across all the sectoral indices during the day, where again and again PSU Bank emerged as a top loser with the decrease of 2.5%. However, rest of the sectoral indices has reported fall of between 0.5% and 1.7%.
f Broader market indices ended in red with NIFTY 100,200 and 500 to close down by on an average 0.8%, while Mid-Cap and Small-Cap indices decreased by 1.1% and 1.4%, respectively.
f Nifty February future ended with 5 point of discount (10 points earlier) at 10,376 mark, while on other hand, Bank Nifty February future ended with the premium of 14 points (36 points earlier) at 25,072 level.
f Nifty breached 200 points range continuing prior down-move. We believe Nifty will remain in pressure, but it will expire in 10,400 to 10,300 range as notable increase in Nifty 10,400 and 10,350 strike price call options (22 Lac and 10 Lac shares, respectively) and Nifty February 10,300 put option (11 Lac shares) are indicating the same.
Sectoral Activity: Amongst sectoral indices, Metal and Pharma remained in focus with negative momentum.
Stock Activity: Divi’s Lab and Tata Steel has observed short build up.
Derivatives Snapshot
TOP 5 PRICE GAINERS
Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance
FORTIS HEALTHCARE LTD 146.40 6.47% -55.37% -11.40% 136 142 152
UNITED BREWERIES LTD 1052.45 4.16% 33.51% -6.96% 1018 1039 1073
APOLLO HOSPITALS ENTER. L 1186.20 3.88% 2.23% 0.86% 1158 1176 1205
IDBI BANK LIMITED 63.95 3.48% 76.90% 5.50% 62 63 65
JET AIRWAYS (INDIA) LTD. 762.70 3.07% -18.22% -1.94% 746 758 775
TOP 5 PRICE LOSERS
Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance
UNION BANK OF INDIA 109.65 -7.35% 241.22% 19.32% 104 110 115
PUNJAB NATIONAL BANK 116.50 -7.21% -16.46% 8.66% 112 118 122
NIIT TECHNOLOGIES LTD 761.30 -7.19% -4.77% -1.56% 731 779 809
PC JEWELLER LTD 354.30 -7.01% 3.99% 3.87% 325 356 386
SYNDICATE BANK 55.60 -6.63% 160.59% 6.15% 53 57 59
TOP 5 OI GAINERS
Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance
MAX FINANCIAL SERV LTD 497.00 -0.75% -76.10% 33.46% 487 496 506
AMBUJA CEMENTS LTD 257.55 0.19% -48.28% 24.27% 255 258 261
UNION BANK OF INDIA 109.65 -7.35% 241.22% 19.32% 104 110 115
ALLAHABAD BANK 51.25 -6.56% 150.74% 14.19% 49 51 53
TATA STEEL LIMITED 648.85 -5.93% 252.28% 14.11% 627 660 682
TOP 5 OI LOSERS
Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance
MRPL 118.20 0.13% 111.71% -13.02% 117 118 119
FORTIS HEALTHCARE LTD 146.40 6.47% -55.37% -11.40% 136 142 152
THE RAMCO CEMENTS LIMITED 714.20 -1.45% 86.02% -9.42% 703 720 731
MINDTREE LIMITED 691.55 -3.04% 25.20% -7.90% 677 695 710
NESTLE INDIA LIMITED 7506.70 -1.13% -34.09% -7.74% 7455 7542 7594
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
5
TOP 5 “RISE IN % DEL CHG”
Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance
UNITED BREWERIES LTD 1052.45 4.16% 33.51% 446.06% 1018 1039 1073
THE RAMCO CEMENTS LIMITED 714.20 -1.45% 86.02% 249.94% 703 720 731
KPIT TECHNOLOGIES LTD 198.55 -3.57% 58.31% 238.54% 192 201 207
NESTLE INDIA LIMITED 7506.70 -1.13% -34.09% 186.74% 7455 7542 7594
TVS MOTOR COMPANY LTD 652.65 -0.31% 4.14% 183.33% 640 649 662
TOP 5 “DECLINE IN % DEL CHG”
Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance
INDRAPRASTHA GAS LTD 294.75 -0.10% -50.81% -89.57% 291 295 299
TECH MAHINDRA LIMITED 572.45 -2.04% 9.80% -83.45% 561 575 586
BRITANNIA INDUSTRIES LTD 4733.30 -1.02% -45.66% -81.32% 4692 4737 4778
MINDTREE LIMITED 691.55 -3.04% 25.20% -79.44% 677 695 710
ORIENTAL BANK OF COMMERCE 104.20 -1.28% 46.45% -79.21% 99 103 108
SECTORAL ACTIVITY
Value Average of OI Average of Price Total Average of
Total OI Change % Change % Volume Volume Change %
Consumer Discretionary 743057970 -0.7% -0.6% 85320099 1.4%
Consumer Staples 252516750 -1.7% -0.5% 14017630 -18.2%
Energy 296011563 -0.6% -1.1% 27349434 37.8%
Financials 2466558080 2.8% -1.7% 434771129 34.1%
Health Care 265607636 -1.6% -0.7% 59039073 3.0%
Industrials 253237350 -0.5% -2.0% 27581638 13.2%
Information Technology 171625850 -1.2% -1.7% 22219364 37.9%
Materials 1534087913 1.7% -1.2% 175438976 1.7%
Telecommunication Services 428960300 0.4% -0.1% 81381012 -4.0%
Utilities 1188401450 0.6% -1.4% 71460909 -0.5%
Grand Total 7600064862 0.4% -1.2% 998579264 13.4%
Derivatives Snapshot
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
6
Pivot TableName LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 Nifty 50 10378.4 10203.6 10291.0 10390.2 10477.6 10576.8NIFTY100 LowVol30 8035.2 7925.6 7980.4 8048.7 8103.5 8171.8Nifty GS Compsite 1721.1 1721.1 1721.1 1721.1 1721.1 1721.1ADANI PORT & SEZ LTD 393.9 377.8 385.8 396.7 404.7 415.5AMBUJA CEMENTS LTD 257.6 252.1 254.8 257.8 260.6 263.6ASIAN PAINTS LIMITED 1120.4 1091.7 1106.0 1125.9 1140.3 1160.2AUROBINDO PHARMA LTD 583.0 557.9 570.4 583.6 596.1 609.2AXIS BANK LIMITED 540.6 520.2 530.4 537.7 547.8 555.1BAJAJ AUTO LIMITED 3030.6 2945.2 2987.9 3052.7 3095.4 3160.2BAJAJ FINANCE LIMITED 1642.7 1595.6 1619.2 1647.1 1670.6 1698.5BHARTI AIRTEL LIMITED 414.4 395.7 405.0 412.5 421.8 429.3BOSCH LIMITED 19427.5 19192.5 19310.0 19471.5 19589.0 19750.5BHARAT PETROLEUM CORP LT 456.9 444.7 450.8 459.5 465.6 474.4CIPLA LTD 600.4 584.5 592.5 602.3 610.3 620.1COAL INDIA LTD 305.4 298.3 301.8 304.6 308.2 311.0DR. REDDY’S LABORATORIES 2152.0 2034.8 2093.4 2163.7 2222.3 2292.6EICHER MOTORS LTD 27089.5 26251.6 26670.5 27114.7 27533.6 27977.8GAIL (INDIA) LTD 463.8 453.9 458.9 466.2 471.2 478.5HCL TECHNOLOGIES LTD 914.2 878.4 896.3 918.0 935.9 957.6HDFC LTD 1814.1 1785.9 1800.0 1815.1 1829.2 1844.3HDFC BANK LTD 1878.2 1846.4 1862.3 1875.0 1890.9 1903.5HERO MOTOCORP LIMITED 3465.7 3398.3 3432.0 3475.7 3509.4 3553.0HINDALCO INDUSTRIES LTD 247.6 239.0 243.3 246.9 251.2 254.8HINDUSTAN PETROLEUM CORP 379.8 367.8 373.8 381.2 387.2 394.6HINDUSTAN UNILEVER LTD. 1335.9 1311.0 1323.5 1341.2 1353.7 1371.4INDIABULLS HSG FIN LTD 1251.1 1197.8 1224.4 1253.2 1279.8 1308.5ICICI BANK LTD. 319.8 307.1 313.4 321.5 327.8 335.9INDUSIND BANK LIMITED 1630.5 1593.0 1611.7 1634.8 1653.5 1676.6BHARTI INFRATEL LTD. 329.9 321.2 325.5 329.5 333.8 337.8INFOSYS LIMITED 1131.8 1113.7 1122.7 1129.4 1138.4 1145.1INDIAN OIL CORP LTD 369.7 361.4 365.5 371.2 375.3 381.0ITC LTD 264.1 259.5 261.8 264.8 267.1 270.1KOTAK MAHINDRA BANK LTD 1056.2 1041.5 1048.8 1053.9 1061.3 1066.4LARSEN & TOUBRO LTD. 1295.5 1260.5 1278.0 1304.5 1322.0 1348.4LUPIN LIMITED 814.4 790.8 802.6 818.8 830.6 846.8MAHINDRA & MAHINDRA LTD 724.7 699.8 712.2 728.5 741.0 757.3MARUTI SUZUKI INDIA LTD. 8724.9 8586.6 8655.7 8760.8 8829.9 8935.0NTPC LTD 162.9 160.5 161.7 162.7 163.9 164.9OIL AND NATURAL GAS CORP. 185.3 179.3 182.3 184.9 187.9 190.4POWER GRID CORP. LTD. 194.2 191.6 192.9 194.9 196.2 198.3RELIANCE INDUSTRIES LTD 927.0 905.7 916.4 924.2 934.8 942.6STATE BANK OF INDIA 268.5 250.4 259.4 265.7 274.8 281.1SUN PHARMACEUTICAL IND L 561.4 540.4 550.9 564.1 574.6 587.8TATA MOTORS LIMITED 368.8 356.9 362.8 368.8 374.7 380.7TATA STEEL LIMITED 648.9 606.0 627.4 660.4 681.8 714.8TATA CONSULTANCY SERV LT 2923.6 2865.9 2894.8 2924.0 2952.9 2982.1TECH MAHINDRA LIMITED 572.5 549.9 561.2 575.0 586.3 600.1ULTRATECH CEMENT LIMITED 4116.6 3998.7 4057.6 4136.3 4195.3 4274.0UPL LIMITED 701.3 684.2 692.7 701.4 709.9 718.6VEDANTA LIMITED 320.4 309.3 314.8 319.7 325.2 330.1
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
7
Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK
NIFTY 10378.4 10758.8 10597.3 10393.6 10076.2 11171.6 8809.8BANK NIFTY 25058.6 26382.9 25896.0 25423.5 24640.9 27652.1 20423.4SENSEX 50 10824.5 11223.5 11056.3 10828.7 10475.3 11604.8 9161.8ACC 1633.7 1694.9 1735.3 1735.8 1721.8 1870.0 1380.4ADANIPORTS 393.9 419.4 412.7 409.2 392.2 452.4 291.0AMBUJACEM 257.6 259.9 266.4 269.4 264.6 291.5 222.9ASIANPAINT 1120.4 1141.9 1150.0 1157.5 1156.8 1262.0 952.2AUROPHARMA 583.0 617.1 650.8 690.0 684.1 809.5 503.1AXISBANK 540.6 577.1 564.3 542.5 525.6 627.6 447.5BAJAJ-AUTO 3030.6 3220.1 3233.8 3220.7 3041.0 3468.4 2694.5BANKBARODA 143.9 160.1 162.6 161.6 161.8 206.7 133.5BHARTIARTL 414.4 442.9 489.5 479.5 436.0 564.8 325.8BHEL 93.2 98.0 96.5 93.0 93.6 121.8 80.9BOSCHLTD 19427.5 19612.3 19769.1 20147.3 21731.2 25240.0 18802.5BPCL 456.9 475.1 494.4 499.3 489.8 551.6 399.3CIPLA 600.4 602.5 603.6 604.1 579.1 663.4 480.2COALINDIA 305.4 297.8 285.2 282.0 268.9 332.3 233.7DRREDDY 2152.0 2269.6 2334.6 2340.6 2396.3 2948.8 1901.2EICHERMOT 27089.5 27517.0 28503.6 29689.7 29615.9 33480.0 22997.5GAIL 463.8 469.8 484.3 467.4 426.7 519.5 346.7GRASIM 1089.7 1144.8 1158.3 1169.5 1112.7 1300.0 814.0HCLTECH 914.2 969.2 924.8 899.4 881.6 1040.7 796.2HDFC 1814.1 1863.5 1784.2 1752.8 1710.5 1986.1 1361.3HDFCBANK 1878.2 1927.6 1890.1 1857.4 1778.9 2015.0 1359.2HEROMOTOCO 3465.7 3599.2 3637.1 3669.3 3719.5 4092.0 3080.0HINDALCO 247.6 251.5 256.9 256.9 235.2 284.0 179.1HINDUNILVR 1335.9 1356.6 1351.8 1300.5 1214.7 1410.0 847.5ICICIBANK 319.8 339.7 325.0 310.7 300.9 365.7 240.5IDEA 82.5 89.7 96.9 93.6 89.5 123.5 71.5INDUSINDBK 1630.5 1703.1 1682.5 1674.4 1620.4 1817.8 1287.6INFRATEL 329.9 341.7 357.2 384.0 385.1 482.8 281.8INFY 1131.8 1139.8 1080.0 1012.6 980.7 1221.1 860.0ITC 264.1 273.4 267.8 265.1 279.5 367.7 250.0KOTAKBANK 1056.2 1067.6 1035.5 1031.1 1004.1 1131.0 791.1LT 1295.5 1378.1 1313.4 1251.7 1208.1 1470.0 973.3LUPIN 814.4 866.3 875.7 909.4 1000.6 1498.0 781.8M&M 724.7 757.0 749.7 715.3 699.1 802.6 612.0MARUTI 8724.9 9175.0 9315.2 8731.2 8085.3 9996.4 5800.0NTPC 162.9 167.5 173.1 175.3 169.7 188.0 153.2ONGC 185.3 195.0 192.8 186.0 176.5 212.9 155.2POWERGRID 194.2 195.2 198.4 203.3 208.0 226.6 188.0RELIANCE 927.0 933.3 928.0 911.9 828.5 991.0 533.3SBIN 268.5 299.2 305.7 301.1 293.8 351.3 241.2SUNPHARMA 561.4 573.1 562.4 546.7 543.1 729.1 432.7TATAMOTORS 368.8 389.5 409.0 415.7 423.1 488.3 356.5TATAPOWER 86.1 87.9 91.8 88.3 84.7 101.8 75.8TATASTEEL 648.9 697.3 692.5 673.7 600.7 747.9 403.4TCS 2923.6 3044.6 2823.3 2714.3 2591.2 3259.1 2252.8TECHM 572.5 598.5 549.1 512.1 460.9 631.2 356.7ULTRACEMCO 4116.6 4242.1 4297.7 4238.5 4182.2 4599.9 3687.6WIPRO 290.0 301.5 304.2 298.6 286.8 334.0 235.1YESBANK 312.1 342.0 329.2 329.7 326.7 382.9 275.3ZEEL 568.0 588.1 584.0 560.0 540.1 619.0 458.1
Simple Moving Average
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
8
Bulk Deals SnapshotDeal Date Scrip Code Company Client Name Deal Type* Quantity Price 2/19/2018 533264 ESL SCIIL STEEL CAST IRON INVESTMENTS (CYPRUS) LIMITED S 15,004,500 2.8
2/19/2018 540945 FSSPL JOSEPH ANTONY JOSEPH ANTONY JOSEPH ANTONY S 96,000 33.9
2/19/2018 530315 HINDTIN NASSER INVESTMENTS S 11,000 113.3
2/19/2018 530315 HINDTIN NASSER INVESTMENTS B 53,000 112.8
2/19/2018 540756 KAARYAFSL ARCADIA SHARE & STOCK BROKERS PVT. LTD S 39,000 40.0
2/19/2018 540756 KAARYAFSL NIMESH GANPATBHAI PARMAR S 87,000 40.0
2/19/2018 540756 KAARYAFSL JAYSHRIBEN DHIRENDRAKUMAR MANIAR S 255,000 40.4
2/19/2018 540756 KAARYAFSL MEENA ARVIND BHANUSHALI B 123,000 40.0
2/19/2018 540756 KAARYAFSL ARVIND PRADHAN BHANUSHALI B 123,000 40.0
2/19/2018 540756 KAARYAFSL MAHENDRA RAMNIKLAL SANGHAVI B 42,000 40.0
2/19/2018 540756 KAARYAFSL HANSA MAHENDRA KUMAR SANGHAVI B 42,000 40.0
2/19/2018 540756 KAARYAFSL CHINTAN MAHENDRA SANGHAVI B 96,000 40.0
2/19/2018 540756 KAARYAFSL AVANI RITESH SANGHAVI B 54,000 40.1
2/19/2018 532714 KEC STELLAR ENERGY TRUST S 2,805,116 396.0
2/19/2018 532714 KEC INSTANT HOLDINGS LIMITED B 2,805,116 396.0
2/19/2018 500252 LAXMIMACH SAMYAKTVA CONSTRUCTION LLP B 70,000 5825.0
2/19/2018 500252 LAXMIMACH SHAMYAK INVESTMENT PRIVATE LIMITED B 180,000 5824.9
2/19/2018 500252 LAXMIMACH HDFC MUTUAL FUND S 368,690 5825.1
2/19/2018 538547 OASIS VIVIDOFFSET PRINTERS PRIVATELIMITED S 1,562 95.0
2/19/2018 538547 OASIS VIVIDOFFSET PRINTERS PRIVATELIMITED B 86,229 95.9
2/19/2018 506852 PACL IFCI LTD. S 267,812 23.1
2/19/2018 506852 PACL NIPUN KHOSLA B 160,000 23.0
2/19/2018 539090 RAJPUTANA APPUMON C K B 44,850 10.1
2/19/2018 539090 RAJPUTANA LINKLINE CONSTRUCTION PRIVATE LIMITED S 74,850 10.1
2/19/2018 532983 RPGLIFE NUCLEUS LIFE TRUST B 2,449,800 452.9
2/19/2018 532983 RPGLIFE INSTANT HOLDINGS LIMITED S 2,449,800 452.9
2/19/2018 540259 SHANGAR ANJALIBEN KRUNALKUMAR CHAWLA S 18,000 12.7
2/19/2018 530419 SUMEDHA CRONY VYAPAR PVT LTD S 55,043 51.8
2/19/2018 530419 SUMEDHA CRONY VYAPAR PVT LTD B 55,043 50.2
2/19/2018 530419 SUMEDHA RAMDOOT REALTORS PVT LTD S 15,308 50.0
2/19/2018 530419 SUMEDHA RAMDOOT REALTORS PVT LTD B 54,569 51.8
2/19/2018 503657 VEERENRGY ANJALI JAGDISH AHUJA S 100,000 27.6
2/19/2018 511726 VIPUL HIGHRISE SECURITIES AND TRADING PRIVATE LIMITED B 1,725,000 64.8
2/19/2018 511726 VIPUL ACME RESOURCES LIMITED S 1,725,000 64.8*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
9
Monthly Economic CalendarDate Time Country Event Period Prior
21-Feb-18 UK Jobless Claims Change Jan 8.6k
22-Feb-18 UK GDP YoY 4Q P 1.5%
22-Feb-18 US Initial Jobless Claims 17-Feb --
23-Feb-18 EC CPI YoY Jan F 1.4%
27-Feb-18 US Conf. Board Consumer Confidence Feb 125
27-Feb-18 JN Industrial Production MoM Jan P --
28-Feb-18 US GDP Annualized QoQ 4Q S 2.6%
28-Feb-18 IN Nikkei India PMI Mfg Feb 52
28-Feb-18 IN Fiscal Deficit INR Crore Jan 8,844
28-Feb-18 IN GDP Annual Estimate YoY 10-Jul 7.1%
28-Feb-18 IN GDP YoY 4Q 6.3%
28-Feb-18 IN GVA YoY 4Q 6.1%
1-Mar-18 US Initial Jobless Claims 24-Feb --
1-Mar-18 US ISM Manufacturing Feb 59
1-Mar-18 JN Jobless Rate Jan 2.8%
2-Mar-18 HK Retail Sales Value YoY Jan 5.8%
2-Mar-18 US U. of Mich. Sentiment Feb F --
4-Mar-18 IN BoP Current Account Balance 4Q -$7.20b
5-Mar-18 AU RBA Cash Rate Target 6-Mar --
5-Mar-18 IN Nikkei India PMI Composite Feb --
6-Mar-18 AU GDP SA QoQ 4Q 0.6%
7-Mar-18 EC GDP SA QoQ 4Q F --
7-Mar-18 JN BoP Current Account Balance Jan --
7-Mar-18 JN GDP SA QoQ 4Q F --
8-Mar-18 EC ECB Main Refinancing Rate 8-Mar 0.0%
8-Mar-18 US Initial Jobless Claims 3-Mar --
8-Mar-18 CH CPI YoY Feb --
9-Mar-18 US Change in Nonfarm Payrolls Feb --
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
10
Corporate Actions
Ex-DividendCompany Name Ex-Date Purpose
Aurobindo Pharma Limited 20-Feb-18 Interim Dividend Re 1/- Per Share
GPT Infraprojects Limited 20-Feb-18 Interim Dividend Re 1/- Per Share
Granules India Limited 20-Feb-18 Interim Dividend Re 0.25 Per Share
Mahanagar Gas Limited 20-Feb-18 Interim Dividend - Rs 8 Per Share (Purpose Revised)
Manappuram Finance Limited 20-Feb-18 Interim Dividend Re 0.50 Per Share
NHPC Limited 20-Feb-18 Interim Dividend - Rs 1.12 Per Share (Purpose Revised)
Sharda Motor Industries Limited 20-Feb-18 Interim Dividend - Rs 6.25 Per Share (Purpose Revised)
Sterling Tools Limited 20-Feb-18 Interim Dividend - Re 1 Per Share (Purpose Revised)
Alankit Limited 21-Feb-18 Interim Dividend - Re 0.20 Per Share
Ashapura Intimates Fashion Limited 21-Feb-18 Interim Dividend - Re 0.50 Per Share
Balkrishna Industries Limited 21-Feb-18 Interim Dividend - Rs 1.50 Per Share (Purpose Revised)
Fineotex Chemical Limited 21-Feb-18 Interim Dividend - Re 0.20 Per Share (Purpose Revised)
Hikal Limited 21-Feb-18 Interim Dividend Re 0.70 Per Share
NCL Industries Limited 21-Feb-18 Interim Dividend - Re 1 Per Share
Oil India Limited 21-Feb-18 Interim Dividend - Rs 14 Per Share
Rico Auto Industries Limited 21-Feb-18 Interim Dividend - Re 0.40 Per Share
SJVN Limited 21-Feb-18 Interim Dividend - Rs 1.90 Per Share
Amrutanjan Health Care Limited 22-Feb-18 Interim Dividend - Rs 1.10 Per Share
Bharat Petroleum Corporation Limited 22-Feb-18 Interim Dividend - Rs 14 Per Share
Centum Electronics Limited 22-Feb-18 Interim Dividend - Re 1 Per Share
Result CalendarCompany Name Board Meeting Date Purpose
Ambuja Cements Limited 20-Feb-18 Results/Dividend
Huhtamaki PPL Limited 20-Feb-18 Results/Dividend
Mahindra CIE Automotive Limited 20-Feb-18 Results
Dolphin Offshore Enterprises (India) Limited 22-Feb-18 Results
ITD Cementation India Limited 22-Feb-18 Results/Dividend
KSB Pumps Limited 22-Feb-18 Results/Dividend
Merck Limited 22-Feb-18 Results/Dividend
Sanofi India Limited 22-Feb-18 Results/Dividend
Sharon Bio-Medicine Limited 22-Feb-18 Results
Atlas Cycles (Haryana) Limited 24-Feb-18 Results
Fortis Healthcare Limited 28-Feb-18 Results
Rain Industries Limited 28-Feb-18 Results
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
11
Guided Allocation Towards Research Products
Product Allocation (%)
Max. Allocation in 1 stock (%)
Number of Calls
Frequency Call Duration
Trading Products
Intraday 30 25-30 3-4 stocks Daily Daily
Positional Calls/weekly calls/BTST 30 15-20 6-7 stocks Weekly Fortnightly
TradEdge 15 25-50 2 stocks Fortnightly Monthly
Option Strategies 15 10-20 2 stocks Weekly Weekly
Cash 10
Total 100
Product Allocation (%)
Max. Allocation in 1 stock (%)
Number of Calls
Frequency Call Duration
Investment Products
Rsec Model Portfolio 25 10 8-10 stocks Monthly Half Yearly
Stock In Focus 25 5 1 stock Daily Quarterly
Fundamental Calls 25 5 10 Quarterly Yearly
Initiating Coverage 20 10 As and When Yearly
Cash 5
Total 100
NIFTY 10378 IN FOCUS
Support 10275
10200
Resistance 10430
10530
Stock in Focus J.K. Cement
Positional Pick GODREJCP
Intraday Pick DHFL
Intraday Pick DIVISLAB
Institutional Equity Research
MARKET LENS
February 20, 2018
12
Reliance Securities Limited (RSL), the broking arm of Reliance Capital is one of the India’s leading retail broking houses. Reliance Capital is amongst India’s leading and most valuable financial services companies in the private sector. Reliance Capital has interests in asset management and mutual funds, life and general insurance, commercial finance, equities and commodities broking, wealth management services, distribution of financial products, private equity, asset reconstruction, proprietary investments and other activities in financial services. The list of associates of RSL is available on the website www.reliancecapital.co.in. RSL is registered as a Research Analyst under SEBI (Research Analyst) Regulations, 2014
General Disclaimers: This Research Report (hereinafter called ‘Report’) is prepared and distributed by RSL for information purposes only. The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients of this Report should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. This Report has been prepared on the basis of publicly available information, internally developed data and other sources believed by RSL to be reliable. RSL or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information / opinions / views. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained in this Report.
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RSL CIN: U65990MH2005PLC154052. SEBI registration no. ( Stock Brokers: NSE - INB / INF / INE 231234833; BSE - INB / INF / INE 011234839, Depository Participants: CDSL IN-DP-257-2016 IN-DP-NSDL-363-2013, Research Analyst: INH000002384); AMFI ARN No.29889.
