MARKET LENS - Business...
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NIFTY 9666 IN FOCUS Support 9640 9590 Resistance 9710 9800 Stock in Focus JYOTHY LABORATORIES Positional Pick PFC Intraday Pick BHEL Intraday Pick INFRATEL Institutional Equity Research MARKET LENS July 10, 2017 1 Exchange Rs Crore BSE Equity 3,357.5 BSE Derivatives 8.05 NSE Equity 24,161.0 NSE Derivatives 2,55,722.1 Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 31,360.6 (8.7) 0.0% 0.3% 17.8% CNX Nifty 9,665.8 (8.8) -0.1% 0.0% 18.1% S&P CNX 500 8,479.5 (2.3) 0.0% 0.3% 21.4% SENSEX 50 10,027.0 (6.8) -0.1% 0.2% 19.0% International Last Trade Change 1-D 1-Mth YTD DJIA 21,414.3 94.3 0.4% 0.7% 8.4% NASDAQ 6,153.1 63.6 1.0% -0.9% 14.3% NIKKEI 20,047.3 118.2 0.6% 0.2% 4.9% HANGSENG 25,458.3 117.5 0.5% -2.2% 15.7% MSCI Emerging Mkts 1,002.5 (3.7) -0.4% -1.5% 16.3% Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 41.6 0.6 1.5% 1.5% -8.0% Tata Motors (ADR) 33.5 0.4 1.1% -5.7% -2.6% Infosys (ADR) 15.0 0.1 0.7% 0.6% 1.4% ICICI Bank (ADR) 9.0 (0.0) -0.2% -0.3% 31.4% HDFC Bank (ADR) 88.0 0.7 0.8% -0.9% 45.0% Axis Bank (GDR) 38.8 (0.2) -0.5% -1.9% 18.1% Reliance Ind (GDR) 45.8 1.6 3.6% 11.2% 45.0% ADRs / GDRs Key Commodities Last Trade Change 1-D 1-Mth YTD Brent Crude ($/bl) 47.1 0.4 0.7% -2.3% -17.2% Silver ($/Oz) 15.5 (0.1) -0.8% -9.9% -2.7% Gold ($/Oz) 1,211.4 (1.1) -0.1% -4.3% 5.6% Copper LME ($/MT) 5,804.0 (20.0) -0.3% 3.8% 5.1% Aluminium LME ($/MT) 1,918.3 (14.5) -0.8% 0.8% 12.6% Baltic Dry 822.0 (7.0) -0.8% -3.2% -14.5% COMMODITY MARKET Last Trade Change 1-D 1-Mth YTD USD/INR 64.6 64.8 -0.3% 0.4% -4.9% EUR/INR 73.7 73.7 0.1% 2.3% 2.9% CURRENCY RATES Last Trade Change 1-D 1-Mth YTD T-Bill - 91 D 6.3 6.3 -0.2% -0.2% 1.2% 10 Year G-sec Yield 6.5 6.5 -0.1% -0.5% 0.3% RATES Category BUY SELL NET Prev FII 3,685.5 4,207.6 (522.1) (15.3) DII 3,084.1 2,364.0 720.1 316.0 INVESTMENT ACTIVITY (RS. CR) EXCHANGE TURNOVER PFC (LTP: 126) BUY For today’s trade, long position can be initiated at 122 for target of Rs 134 with a strict stop loss of Rs 117. Positional Pick STOCK IN FOCUS EQUITY INDICES Intraday Picks BHEL (LTP: 135) BUY For today’s trade, long position can be initiated at Rs 134 for target of Rs 141 with a strict stop loss of Rs 131. Traders are advised to avoid early morning whipsaw. INFRATEL (LTP: 405) SELL For today’s trade, short position can be initiated at Rs 410 for target of Rs 397 with a strict stop loss of Rs 415. Traders are advised to avoid early morning whipsaw. f Jyothy Laboratories (JYL) closed 1.8% higher in trade today at Rs367 vs. flat close in the benchmark Nifty. f JYL has a strong portfolio of brands like Ujala, Maxo, Exo, Margo, Henko and Pril among others in its portfolio. f The company is focused on improving its direct distribution network and reduce dependence on wholesale trade to drive growth in coming quarters. f Implementation of GST is expected to benefit organised players like JYL as unorganised players would find it difficult to compete under the new structure. f We expect JYL to report net sales of Rs19.2bn and Rs22bn and net profit of Rs2.1bn and Rs2.6bn in FY18E and FY19E, respectively. f Based on expected EPS of Rs14.4, the stock currently trades at reasonable valuations of 25.5x FY19E earnings, which is at a 30% discount to sector multiples. f We maintain our BUY recommendation on the stock with a target price of Rs431.
Transcript of MARKET LENS - Business...
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
1
Exchange Rs Crore
BSE Equity 3,357.5
BSE Derivatives 8.05
NSE Equity 24,161.0
NSE Derivatives 2,55,722.1
Indices Absolute Change Percentage Change
Domestic Last Trade Change 1-D 1-Mth YTD
BSE Sensex 31,360.6 (8.7) 0.0% 0.3% 17.8%
CNX Nifty 9,665.8 (8.8) -0.1% 0.0% 18.1%
S&P CNX 500 8,479.5 (2.3) 0.0% 0.3% 21.4%
SENSEX 50 10,027.0 (6.8) -0.1% 0.2% 19.0%
International Last Trade Change 1-D 1-Mth YTD
DJIA 21,414.3 94.3 0.4% 0.7% 8.4%
NASDAQ 6,153.1 63.6 1.0% -0.9% 14.3%
NIKKEI 20,047.3 118.2 0.6% 0.2% 4.9%
HANGSENG 25,458.3 117.5 0.5% -2.2% 15.7%
MSCI Emerging Mkts 1,002.5 (3.7) -0.4% -1.5% 16.3%
Last Trade Change 1-D 1-Mth YTD
Dr. Reddy’s Lab (ADR) 41.6 0.6 1.5% 1.5% -8.0%
Tata Motors (ADR) 33.5 0.4 1.1% -5.7% -2.6%
Infosys (ADR) 15.0 0.1 0.7% 0.6% 1.4%
ICICI Bank (ADR) 9.0 (0.0) -0.2% -0.3% 31.4%
HDFC Bank (ADR) 88.0 0.7 0.8% -0.9% 45.0%
Axis Bank (GDR) 38.8 (0.2) -0.5% -1.9% 18.1%
Reliance Ind (GDR) 45.8 1.6 3.6% 11.2% 45.0%
ADRs / GDRs
Key Commodities Last Trade Change 1-D 1-Mth YTD
Brent Crude ($/bl) 47.1 0.4 0.7% -2.3% -17.2%
Silver ($/Oz) 15.5 (0.1) -0.8% -9.9% -2.7%
Gold ($/Oz) 1,211.4 (1.1) -0.1% -4.3% 5.6%
Copper LME ($/MT) 5,804.0 (20.0) -0.3% 3.8% 5.1%
Aluminium LME ($/MT) 1,918.3 (14.5) -0.8% 0.8% 12.6%
Baltic Dry 822.0 (7.0) -0.8% -3.2% -14.5%
COMMODITY MARKET
Last Trade Change 1-D 1-Mth YTD
USD/INR 64.6 64.8 -0.3% 0.4% -4.9%
EUR/INR 73.7 73.7 0.1% 2.3% 2.9%
CURRENCY RATES
Last Trade Change 1-D 1-Mth YTD
T-Bill - 91 D 6.3 6.3 -0.2% -0.2% 1.2%
10 Year G-sec Yield 6.5 6.5 -0.1% -0.5% 0.3%
RATES
Category BUY SELL NET Prev
FII 3,685.5 4,207.6 (522.1) (15.3)
DII 3,084.1 2,364.0 720.1 316.0
INVESTMENT ACTIVITY (RS. CR)
EXCHANGE TURNOVER
PFC (LTP: 126) BUY For today’s trade, long position can be initiated at 122 for target of Rs 134 with a strict stop loss of Rs 117.
Positional Pick
STOCK IN FOCUS
EQUITY INDICES
Intraday PicksBHEL (LTP: 135) BUY For today’s trade, long position can be initiated at Rs 134 for target of Rs 141 with a strict stop loss of Rs 131. Traders are advised to avoid early morning whipsaw.
INFRATEL (LTP: 405) SELL For today’s trade, short position can be initiated at Rs 410 for target of Rs 397 with a strict stop loss of Rs 415. Traders are advised to avoid early morning whipsaw.
f Jyothy Laboratories (JYL) closed 1.8% higher in trade today at Rs367 vs. flat close in the benchmark Nifty.
f JYL has a strong portfolio of brands like Ujala, Maxo, Exo, Margo, Henko and Pril among others in its portfolio.
f The company is focused on improving its direct distribution network and reduce dependence on wholesale trade to drive growth in coming quarters.
f Implementation of GST is expected to benefit organised players like JYL as unorganised players would find it difficult to compete under the new structure.
f We expect JYL to report net sales of Rs19.2bn and Rs22bn and net profit of Rs2.1bn and Rs2.6bn in FY18E and FY19E, respectively.
f Based on expected EPS of Rs14.4, the stock currently trades at reasonable valuations of 25.5x FY19E earnings, which is at a 30% discount to sector multiples.
f We maintain our BUY recommendation on the stock with a target price of Rs431.
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
2
MARKET SYNOPSIS
f On Friday, NSE-NIFTY slipped to 9,643 level in the initial trade amidst negative global cues, but later index managed to recover entire losses with corresponding bounce back and rose to 9,684 mark thereafter. Later NIFTY witnessed sharp decline in the late noon trades and finally, settled the session on negative note with loss of 9 points at 9,666 level.
f NSE Cash segment reported turnover of Rs24,161 crore as compared to Rs24,732 crore earlier.
f Overall market breadth remained flat, where 851 stocks advanced against 823 declined stocks.
f Mixed trend was observed across all the sectoral indices during the day, where Pharma and Realty indices emerged as top gainers with the increase of 1.3% and 1.8% respectively. However, on the other hand none of the sectoral indices has reported loss of more than 0.6%.
NSE-NIFTY OUTLOOK
f In the last week, NSE-NIFTY has breached prior falling trend with a rise of 1.5%, where index managed to eclipse prior weekly losses. As per the daily chart, index reversed after taking support of its 23.6% Fibonacci Retracement of recent up-move (from 9,449 to 9,701), which is also a positive sign for the market. As mentioned earlier, our view will remain positive on NIFTY and we believe that index is on the verge of recording new life-time-high. On the higher side, the index will face major hurdle around 9,900 and then at 10,000 levels. However, in case of major declines, its medium-term moving average 50-day EMA will continue to work as key reversal point for the index, which is placed around 9,495 mark.
f As for the day, support is placed at around 9,640 and then at 9,590 levels, while resistance is observed at 9,710 and then around at 9,800 levels.
Technical Research
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
3
f The stock has corrected sharply in the last one quarter from the high of 168 levels. Stock has made a strong bottom in the last few days with strong volumes and positive price action.
f Stochastic & RSI are also coinciding with our view, as both the indicators are in bullish mode.
f However in case of major decline multi week support of 115 will continue to work as key support for the stock.
f Thus, for today’s trade, long position can be initiated at Rs.122 for target of Rs 134 with a stop loss of Rs 117.
Technical Research
Positional Pick: PFCCMP: 126 | RECO: BUY| AT: 122| TARGET: 134| STOP LOSS: 117
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
4
f Nifty opened lower on back of global cues but a late recovery in the second half pulled the markets to end flat for the day. Nifty closed down by 9 points at 9,665 levels. Among the nifty stocks 19 stocks advanced and 31 declined during the day.
f Sectorally there was mild profit booking in FMCG, IT and Banks to decline by 0.5% average while Realty and Pharma gained by 1.8% and 1.3% during the day.
f Broader market indices remained flat with NIFTY 100,200 and 500 to close up by 0.1% average while midcap indices and small cap indices gained by 0.1% and 0.5% respectively.
f Nifty July futures ends with 3 points premium at 9,667 mark, while on other hand, Bank Nifty July futures ended with the premium of 10 points at 23,459 mark.
f We continue to maintain our positive bias on markets and the trend reversal will be only below 9,530 levels below which we expect profit booking. Nifty 9500 PE has the highest put OI of 63 lakh shares while on the upside 9,700 has the highest OI of 40 lakh shares.
Sectoral Activity: Amongst sectoral index, PSU Banks and Realty remained in focus with positive momentum.
Stock Activity: PNB and DLF observed build up in long position.
Derivatives Snapshot
TOP 5 PRICE GAINERS
Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance
JAIPRAKASH ASSOCIATES LTD 22.10 5.24% 31.74% -2.78% 21 22 23
DIVI’S LABORATORIES LTD 680.00 3.48% 224.62% -3.08% 661 673 692
RELIANCE INDUSTRIES LTD 1491.15 3.37% 163.76% 22.00% 1455 1476 1513
STEEL AUTHORITY OF INDIA 61.65 3.35% 41.83% 1.29% 60 61 63
LUPIN LIMITED 1117.30 3.33% 113.34% -3.77% 1088 1112 1142
TOP 5 PRICE LOSERS
Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance
PAGE INDUSTRIES LTD 16891.65 -3.09% -17.54% 6.00% 16651 17071 17311
BHARTI INFRATEL LTD. 404.35 -2.50% 20.39% 0.04% 399 407 412
GRANULES INDIA LIMITED 141.15 -2.25% -65.10% -0.59% 139 142 144
PIDILITE INDUSTRIES LTD 812.15 -2.16% 27.66% 5.07% 803 819 827
FORTIS HEALTHCARE LTD 158.85 -2.16% -18.58% 0.62% 156 160 163
TOP 5 OI GAINERS
Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance
RELIANCE INDUSTRIES LTD 1491.15 3.37% 163.76% 22.00% 1455 1476 1513
TVS MOTOR COMPANY LTD 573.45 3.24% 168.35% 19.47% 558 567 582
CEAT LIMITED 1903.60 0.61% 30.57% 18.20% 1881 1904 1927
PVR LIMITED 1419.05 -0.15% 163.90% 13.64% 1401 1433 1451
AMBUJA CEMENTS LTD 253.45 -1.23% -37.76% 13.02% 251 254 256
TOP 5 OI LOSERS
Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance
HOUSING DEV & INFRA LTD 85.25 -1.96% -50.73% -6.00% 85 86 86
CHOLAMANDALAM IN & FIN CO 1138.50 0.41% -32.83% -5.82% 1122 1132 1149
TATA GLOBAL BEVERAGES LTD 157.75 2.87% 32.20% -5.34% 154 157 160
MINDTREE LIMITED 539.15 -1.04% 26.12% -5.11% 535 542 546
MARICO LIMITED 320.20 -1.16% 14.14% -4.89% 318 321 323
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
5
TOP 5 “RISE IN % DEL CHG”
Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance
BATA INDIA LTD 573.65 1.72% 282.04% 462.08% 563 571 582
COLGATE PALMOLIVE LTD. 1088.70 -1.57% 348.37% 402.61% 1079 1093 1102
RBL BANK LIMITED 527.00 0.41% 347.90% 275.14% 514 522 535
TATA POWER CO LTD 81.70 -0.31% 163.76% 249.29% 81 82 83
RELIANCE INFRASTRUCTU LTD 514.85 1.25% 25.82% 204.35% 508 514 521
TOP 5 “DECLINE IN % DEL CHG”
Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance
IRB INFRA DEV LTD. 214.70 -1.01% -78.92% -83.01% 213 216 218
ALLAHABAD BANK 69.60 0.00% -56.34% -74.84% 69 70 71
SRF LTD 1534.20 -0.33% -35.68% -74.12% 1516 1531 1549
ESCORTS INDIA LTD 672.55 0.19% -48.24% -73.39% 666 672 679
JSW ENERGY LIMITED 64.15 -0.70% -43.43% -69.18% 63 64 65
SECTORAL ACTIVITY
Value Average of OI Average of Price Total Average of
Total OI Change % Change % Volume Volume Change %
Consumer Discretionary 591318770 2.7% -0.2% 63729219 13.0%
Consumer Staples 159994150 2.2% 0.3% 25706239 50.4%
Energy 234010630 2.9% -0.1% 29393309 -5.2%
Financials 1618728552 1.8% -0.2% 181449029 -16.1%
Health Care 176103300 0.1% 0.8% 24435543 68.8%
Industrials 187804700 1.4% -0.3% 17612956 -9.9%
Information Technology 120579750 0.6% 0.0% 13545762 24.3%
Materials 1377122350 2.9% 0.0% 265216241 -1.9%
Telecommunication Services 294373500 1.1% 0.0% 36945359 13.4%
Utilities 968349300 2.3% 0.2% 56399404 18.8%
Grand Total 5728385002 2.0% 0.0% 714433061 10.0%
Derivatives Snapshot
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
6
Pivot TableName LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 Nifty 50 9665.8 9622.6 9644.2 9664.2 9685.8 9705.8Nifty Bank 23449.2 23355.5 23402.3 23447.5 23494.3 23539.5ACC LIMITED 1609.4 1589.9 1599.6 1613.7 1623.5 1637.6ADANI PORT & SEZ LTD 371.6 367.2 369.4 372.2 374.4 377.1AMBUJA CEMENTS LTD 253.5 248.6 251.0 253.8 256.2 258.9ASIAN PAINTS LIMITED 1115.5 1097.6 1106.5 1121.0 1129.9 1144.3AUROBINDO PHARMA LTD 697.1 670.8 683.9 691.7 704.8 712.6AXIS BANK LIMITED 503.2 496.8 500.0 504.5 507.7 512.2BAJAJ AUTO LIMITED 2708.3 2673.4 2690.8 2711.9 2729.3 2750.4BANK OF BARODA 160.6 157.6 159.1 161.5 163.0 165.5BHARTI AIRTEL LIMITED 385.9 380.9 383.4 385.5 388.0 390.0BOSCH LIMITED 23585.3 23162.8 23374.1 23661.3 23872.5 24159.7BHARAT PETROLEUM CORP LT 664.0 653.6 658.8 664.3 669.4 674.9CIPLA LTD 547.2 536.4 541.8 546.9 552.3 557.4COAL INDIA LTD 251.1 248.5 249.8 251.4 252.7 254.3DR. REDDY’S LABORATORIES 2705.4 2638.5 2671.9 2700.7 2734.2 2763.0EICHER MOTORS LTD 27852.3 27251.0 27551.6 27850.7 28151.3 28450.4GAIL (INDIA) LTD 359.0 353.0 356.0 358.5 361.5 364.0HCL TECHNOLOGIES LTD 831.9 822.0 827.0 833.7 838.7 845.4HDFC LTD 1629.2 1599.1 1614.1 1632.1 1647.1 1665.1HDFC BANK LTD 1667.2 1653.3 1660.3 1664.9 1671.9 1676.5HERO MOTOCORP LIMITED 3681.7 3642.8 3662.2 3692.5 3711.9 3742.2HINDALCO INDUSTRIES LTD 194.9 192.4 193.7 195.8 197.0 199.1HINDUSTAN UNILEVER LTD. 1097.7 1079.0 1088.4 1099.1 1108.5 1119.2INDIABULLS HSG FIN LTD 1065.5 1043.3 1054.4 1073.7 1084.8 1104.1ICICI BANK LTD. 289.7 286.5 288.1 290.8 292.4 295.1INDUSIND BANK LIMITED 1526.3 1504.2 1515.3 1522.6 1533.6 1540.9BHARTI INFRATEL LTD. 404.4 394.6 399.5 407.1 412.0 419.6INFOSYS LIMITED 935.4 925.6 930.5 938.0 942.9 950.4INDIAN OIL CORP LTD 382.3 374.7 378.5 380.9 384.7 387.1ITC LTD 334.3 330.0 332.2 335.2 337.3 340.3KOTAK MAHINDRA BANK LTD 964.7 948.7 956.7 962.1 970.1 975.5LARSEN & TOUBRO LTD. 1704.4 1676.5 1690.4 1704.2 1718.1 1731.9LUPIN LIMITED 1117.3 1058.3 1087.8 1112.4 1141.9 1166.5MAHINDRA & MAHINDRA LTD 1376.0 1356.6 1366.3 1380.1 1389.8 1403.5MARUTI SUZUKI INDIA LTD. 7432.8 7388.2 7410.5 7442.3 7464.6 7496.3NTPC LTD 159.1 156.8 157.9 158.8 159.9 160.8OIL AND NATURAL GAS CORP. 159.6 157.3 158.5 160.2 161.4 163.1POWER GRID CORP. LTD. 209.5 207.2 208.3 209.4 210.5 211.6RELIANCE INDUSTRIES LTD 1491.2 1418.6 1454.9 1476.3 1512.6 1534.1STATE BANK OF INDIA 280.1 277.4 278.7 280.6 281.9 283.8SUN PHARMACEUTICAL IND L 549.0 541.5 545.3 548.8 552.5 556.0TATA MOTORS LIMITED 436.9 427.7 432.3 436.9 441.5 446.1TATA MOTORS DVR ‘A’ ORD 265.0 261.1 263.1 265.5 267.5 269.9TATA POWER CO LTD 81.7 80.4 81.1 82.0 82.7 83.6TATA STEEL LIMITED 553.4 549.1 551.2 553.1 555.2 557.1TATA CONSULTANCY SERV LT 2332.0 2307.0 2319.5 2338.0 2350.4 2368.9TECH MAHINDRA LIMITED 380.0 372.9 376.4 378.6 382.1 384.3ULTRATECH CEMENT LIMITED 4096.9 4055.0 4075.9 4109.0 4129.9 4163.0VEDANTA LIMITED 257.1 253.2 255.2 258.3 260.2 263.3WIPRO LTD 257.7 253.7 255.7 257.0 259.0 260.2YES BANK LIMITED 1505.8 1488.6 1497.2 1506.2 1514.8 1523.8ZEE ENTERTAINMENT ENT LTD 507.4 496.6 502.0 505.4 510.7 514.1
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
7
Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK
NIFTY 9665.8 9603.0 9524.2 9286.1 8849.5 9709.3 7893.8BANK NIFTY 23449.2 23455.3 23132.4 22113.5 20572.0 23897.9 17606.9SENSEX 50 10027.0 9958.0 9863.6 9604.1 9137.6 10033.8 8144.6ACC 1609.4 1611.1 1633.3 1542.5 1487.8 1756.7 1256.6ADANIPORTS 371.6 366.5 354.1 336.2 308.3 377.7 208.0AMBUJACEM 253.5 242.6 245.0 240.5 233.5 281.7 191.0ASIANPAINT 1115.5 1135.6 1137.0 1089.8 1048.7 1225.2 849.6AUROPHARMA 697.1 657.3 614.8 640.3 692.8 895.0 503.1AXISBANK 503.2 508.7 508.4 505.8 496.5 638.3 424.4BAJAJ-AUTO 2708.3 2801.1 2858.9 2846.3 2795.4 3120.0 2510.0BANKBARODA 160.6 164.1 175.9 172.6 166.8 202.5 135.3BHARTIARTL 385.9 372.1 367.8 360.4 338.8 401.0 283.1BHEL 135.0 136.7 150.8 158.0 145.6 182.8 116.1BOSCHLTD 23585.3 23921.7 23657.5 23042.4 22205.6 25670.9 17671.6BPCL 664.0 659.3 699.4 683.2 658.2 769.3 530.6CIPLA 547.2 544.8 543.8 565.0 570.5 621.3 480.2COALINDIA 251.1 251.1 263.6 282.5 297.2 350.0 242.6DRREDDY 2705.4 2661.4 2611.2 2678.9 2897.7 3689.9 2380.4EICHERMOT 27852.3 28052.1 27999.4 26439.7 24789.9 30051.0 19411.0GAIL 359.0 368.7 392.4 388.1 355.8 433.7 268.3GRASIM 1250.9 1184.0 1160.9 1108.2 1005.3 1294.1 781.9HCLTECH 831.9 846.4 848.6 846.1 826.9 909.6 710.3HDFC 1629.2 1640.3 1593.6 1519.7 1415.2 1682.2 1183.2HDFCBANK 1667.2 1670.4 1617.2 1517.3 1378.2 1716.0 1158.0HEROMOTOCO 3681.7 3741.8 3637.4 3440.0 3329.4 3880.6 2849.5HINDALCO 194.9 196.1 195.2 192.6 179.5 210.4 128.1HINDUNILVR 1097.7 1096.7 1047.8 970.7 906.7 1129.0 782.0ICICIBANK 289.7 290.3 282.8 268.0 254.6 297.6 215.1IDEA 83.4 81.2 82.8 90.6 84.3 123.5 65.8INDUSINDBK 1526.3 1500.4 1469.3 1422.7 1296.3 1538.0 1036.7INFRATEL 404.4 384.2 377.5 350.3 352.5 416.2 281.8INFY 935.4 944.3 951.7 973.5 979.3 1196.1 901.0ITC 334.3 315.7 302.1 288.0 265.6 354.8 222.0KOTAKBANK 964.7 971.8 954.9 900.4 830.3 1004.7 692.5LT 1704.4 1723.2 1740.2 1654.6 1535.8 1834.0 1295.1LUPIN 1117.3 1104.2 1179.7 1312.2 1400.3 1750.0 1036.2M&M 1376.0 1383.7 1371.6 1333.8 1299.4 1509.0 1141.4MARUTI 7432.8 7312.0 7051.6 6564.6 6034.1 7498.0 4190.0NTPC 159.1 158.9 159.5 161.8 160.8 178.3 142.9ONGC 159.6 163.3 173.6 181.6 185.8 211.8 144.7POWERGRID 209.5 208.6 207.3 202.7 194.1 215.0 160.7RELIANCE 1491.2 1400.0 1364.8 1319.6 1183.2 1497.8 930.0SBIN 280.1 282.5 288.9 283.8 270.8 315.3 222.0SUNPHARMA 549.0 539.9 574.0 626.0 656.9 855.0 492.7TATAMOTORS 436.9 445.9 450.1 457.0 482.2 598.4 417.3TATAPOWER 81.7 80.3 81.4 83.2 79.9 91.2 67.0TATASTEEL 553.4 524.1 492.9 485.9 450.7 557.5 319.7TCS 2332.0 2396.5 2437.1 2435.0 2368.4 2744.8 2051.9TECHM 380.0 386.8 404.5 437.7 447.5 517.5 356.7ULTRACEMCO 4096.9 4036.7 4177.7 4051.8 3840.4 4533.1 3050.0WIPRO 257.7 258.2 259.7 253.6 243.7 288.9 204.1YESBANK 1505.8 1463.2 1491.7 1501.2 1372.6 1651.9 1090.6ZEEL 507.4 502.9 513.0 518.0 502.8 589.9 427.7
Simple Moving Average
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
8
Bulk Deals SnapshotDeal Date Scrip Code Company Client Name Deal Type* Quantity Price **7/7/2017 530043 ACKNIT BIMALESH PAPDIWAL S 26,179 136.2
7/7/2017 530043 ACKNIT BIMALESH PAPDIWAL B 26,179 131.9
7/7/2017 524640 ARCHITORG BAKSHU SECURITIES AND BROKER PRIVATE LIMITED S 600 52.2
7/7/2017 524640 ARCHITORG BAKSHU SECURITIES AND BROKER PRIVATE LIMITED B 26,275 52.1
7/7/2017 523019 BNRSEC ASHOK KUMAR JAIN S 3,603 37.1
7/7/2017 523019 BNRSEC ASHOK KUMAR JAIN B 43,171 37.7
7/7/2017 523019 BNRSEC RAVI KUMAR CHERUKUMALLI S 29,313 37.9
7/7/2017 534691 COMCL KALPESH DINESHBHAI PATEL S 50,500 35.3
7/7/2017 534691 COMCL KALPESH DINESHBHAI PATEL B 50,500 35.3
7/7/2017 540190 FRANKLININD SAGAR SHIVKUMAR GOGIA S 50,000 20.0
7/7/2017 531157 ORGCOAT MEHUL KRISHNAKANT SHAH S 51,000 16.5
7/7/2017 531157 ORGCOAT ABHAY RAJNIKANT SHAH B 51,000 16.5
7/7/2017 539352 PBFL SWARUP GUCHHAIT B 90,000 1.5
7/7/2017 539352 PBFL GUINESS SECURITIES LIMITED S 100,000 1.5
7/7/2017 539352 PBFL GUINESS SECURITIES LIMITED B 10,000 1.5
7/7/2017 524610 RATHIGRA UTSAV PRAMODKUMAR SHRIVASTAV B 82,702 19.9
7/7/2017 540590 RIDDHICORP NISHITH SHIRISHBHAI DESAI B 225,000 133.1
7/7/2017 540590 RIDDHICORP JINAXIBEN BIPINCHANDRA SHAH B 17,000 133.0
7/7/2017 530867 SFLINTER KINJAL RAVIBHAI MEHTA B 20,000 20.6
7/7/2017 530867 SFLINTER SURESHKUMAR M MEHTA B 20,000 20.6
7/7/2017 530867 SFLINTER VINOD VRAJLAL NIRMAL S 40,326 20.6
7/7/2017 530867 SFLINTER VINOD VRAJLAL NIRMAL B 6,326 20.5
7/7/2017 530867 SFLINTER YOGESHKUMAR DALPATBHAI DHABUWALA S 62,000 20.6
7/7/2017 513515 SRIND AMIT MAHAJAN S 575,000 9.9
7/7/2017 517548 STARLITE BHANWARI DEVI VYAS S 121,000 43.3
7/7/2017 539956 TAALENT GOLDEN GOENKA CREDIT PVT. LTD. S 16,000 190.8
7/7/2017 539956 TAALENT SETU SECURITIES PVT LTD S 2,750 189.1
7/7/2017 539956 TAALENT SETU SECURITIES PVT LTD B 18,555 190.3
7/7/2017 531867 UNITINT JINAL DIPAKBHAI SHAH S 41,694 9.4
7/7/2017 531867 UNITINT JINAL DIPAKBHAI SHAH B 55,530 9.2
7/7/2017 531574 VASINFRA VIMAL FINSTOCK PVT LTD S 144,277 14.8
7/7/2017 531574 VASINFRA PRIYAL CHETAN KOTHARI B 100,000 14.7
7/7/2017 538128 WOMENSNEXT NIKHIL VORA S 40,000 60.8
7/7/2017 522209 YOGISUNG SUNIL GIRIDHARILAL RAHEJA B 90,000 2.0
7/7/2017 522209 YOGISUNG EUROPLUS ONE REALITY PRIVATE LIMITED B 90,000 2.0
7/7/2017 522209 YOGISUNG EURO PLUS CAPITAL LIMITED B 90,000 2.0
7/7/2017 522209 YOGISUNG RT SUPER TECHNOLOGIES PRIVATE LIMITED B 90,000 2.0
7/7/2017 522209 YOGISUNG NIRAJ RAJNIKANT SHAH S 466,344 2.0*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
9
Monthly Economic CalendarDate Time Country Event Period Prior
10-Jul-17 JN BoP Current Account Balance May --
10-Jul-17 CH CPI YoY Jun --
10-Jul-17 IN Trade Balance Jun --
10-Jul-17 IN Exports YoY Jun --
10-Jul-17 IN Imports YoY Jun --
12-Jul-17 IN CPI YoY Jun --
12-Jul-17 IN Industrial Production YoY May --
13-Jul-17 US Initial Jobless Claims 8-Jul --
14-Jul-17 JN Industrial Production MoM May F --
14-Jul-17 US CPI MoM Jun --
14-Jul-17 IN Wholesale Prices YoY Jun --
18-Jul-17 UK CPI YoY Jun --
18-Jul-17 EC CPI YoY Jun F --
20-Jul-17 AU Employment Change Jun --
20-Jul-17 AU Unemployment Rate Jun --
20-Jul-17 EC ECB Main Refinancing Rate 20-Jul --
20-Jul-17 US Initial Jobless Claims 15-Jul --
25-Jul-17 IN Eight Infrastructure Industries Jun --
26-Jul-17 UK GDP QoQ 2Q A --
26-Jul-17 UK GDP YoY 2Q A --
26-Jul-17 US FOMC Rate Decision (Upper Bound) 26-Jul 1.3%
27-Jul-17 US Initial Jobless Claims 22-Jul --
28-Jul-17 JN Jobless Rate Jun --
28-Jul-17 US GDP Annualized QoQ 2Q A --
31-Jul-17 JN Industrial Production MoM Jun P --
31-Jul-17 IN Fiscal Deficit INR Crore Jun --
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
10
Corporate Actions
Ex-Dividend
Company Name Ex-Date Purpose
Abbott India Limited 10-Jul-17 Annual General Meeting/Dividend Rs 40/- Per Share
Cera Sanitaryware Limited 10-Jul-17 Annual General Meeting/Dividend - Rs 12/- Per Share
Bajaj Corp Limited 10-Jul-17 Annual General Meeting
IDBI Bank Limited 10-Jul-17 Annual General Meeting
HIL Limited 10-Jul-17 Annual General Meeting/Dividend - Rs 10/- Per Share
Maan Aluminium Limited 10-Jul-17 Bonus 1:1
Zensar Technologies Limited 10-Jul-17 Annual General Meeting/Dividend Rs 7/- Per Share
Pudumjee Industries Limited 10-Jul-17 Annual General Meeting
Mahindra Holidays & Resorts India Limited 10-Jul-17 Bonus 1:2
MindTree Limited 10-Jul-17 Buyback
MindTree Limited 10-Jul-17 Annual General Meeting/Dividend - Rs 3/- Per Share
UltraTech Cement Limited 10-Jul-17 Annual General Meeting/Dividend - Rs 10 Per Share
Kabra Extrusion Technik Limited 10-Jul-17 Annual General Meeting/Dividend - Rs 2 Per Share
Alembic Pharmaceuticals Limited 11-Jul-17 Annual General Meeting/Dividend -Rs 4/- Per Share
Ashok Leyland Limited 11-Jul-17 Annual General Meeting/Dividend - Rs 1.56/- Per Share
KEI Industries Limited 11-Jul-17 Dividend - Re 0.60 Per Share
Golden Tobacco Limited 11-Jul-17 Annual General Meeting (Bc Dates Revised)
Hindustan Petroleum Corporation Limited 11-Jul-17 Bonus 1:2/ Dividend - Rs 1.10 Per Share
Geojit Financial Services Limited 11-Jul-17 Annual General Meeting/Dividend - Rs 1.25/- Per Share
Canara Bank 12-Jul-17 Annual General Meeting/Dividend - Re 1 Per Share
Balkrishna Paper Mills Limited 12-Jul-17 Annual General Meeting
Kotak Mahindra Bank Limited 12-Jul-17 Annual General Meeting/Dividend-Re 0.60 Per Share
Dr. Lal Path Labs Ltd. 12-Jul-17 Annual General Meetin/Dividend - Rs 1.70 Per Share
Sheela Foam Limited 12-Jul-17 Annual General Meeting
Persistent Systems Limited 12-Jul-17 Annual General Meeting/Dividend - Rs 3/- Per Share
SREI Infrastructure Finance Limited 12-Jul-17 Dividend - Re 0.50 Per Share
Shreyas Shipping & Logistics Limited 12-Jul-17 Dividend - Re 1/- Per Share
Result CalendarCompany Name Board Meeting Date Purpose
Amtek Auto Limited 11-Jul-17 Results
CCL Products (India) Limited 11-Jul-17 Results
IndusInd Bank Limited 11-Jul-17 Results
Monnet Ispat and Energy Limited 11-Jul-17 Results
Prime Securities Limited 11-Jul-17 Results
Supreme Infrastructure India Limited 11-Jul-17 Board Meeting Postponed
The South Indian Bank Limited 11-Jul-17 Results
Bajaj Corp Limited 12-Jul-17 Results
Cyient Limited 13-Jul-17 Results
Goa Carbon Limited 13-Jul-17 Results/Others
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
11
Result CalendarCompany Name Board Meeting Date Purpose
Grand Foundry Limited 13-Jul-17 Results
Hatsun Agro Product Limited 13-Jul-17 Results/Dividend
Reliance Industrial Infrastructure Limited 13-Jul-17 Results
Tata Consultancy Services Limited 13-Jul-17 Results/Dividend
Bhansali Engineering Polymers Limited 14-Jul-17 Results/Others
Infomedia Press Limited 14-Jul-17 Results
Infosys Limited 14-Jul-17 Results
DCB Bank Limited 15-Jul-17 Results
Gruh Finance Limited 15-Jul-17 Results
The Karnataka Bank Limited 15-Jul-17 Results
ACC Limited 17-Jul-17 Results/Dividend
ANG Industries Limited 17-Jul-17 Results/Others
Capri Global Capital Limited 17-Jul-17 Results
Hindustan Media Ventures Limited 17-Jul-17 Results
Indian Metals & Ferro Alloys Limited 17-Jul-17 Results
Jubilant Foodworks Limited 17-Jul-17 Results
Jubilant Life Sciences Limited 17-Jul-17 Results
Linde India Limited 17-Jul-17 Results
Prakash Industries Limited 17-Jul-17 Results
SIL Investments Limited 17-Jul-17 Results
CRISIL Limited 18-Jul-17 Results/Dividend
HIL Limited 18-Jul-17 Results
Hindustan Unilever Limited 18-Jul-17 Results
HT Media Limited 18-Jul-17 Results
Jubilant Life Sciences Limited 18-Jul-17 Results
Maharashtra Scooters Limited 18-Jul-17 Results
Sasken Technologies Limited 18-Jul-17 Results
UltraTech Cement Limited 18-Jul-17 Results
Bajaj Finance Limited 19-Jul-17 Results
Bajaj Finserv Limited 19-Jul-17 Results
GNA Axles Limited 19-Jul-17 Results
Havells India Limited 19-Jul-17 Results
KPIT Technologies Limited 19-Jul-17 Results
Mastek Limited 19-Jul-17 Results
MindTree Limited 19-Jul-17 Results
Sutlej Textiles and Industries Limited 19-Jul-17 Results
ABB India Limited 20-Jul-17 Results
Bajaj Auto Limited 20-Jul-17 Results
Bajaj Holdings & Investment Limited 20-Jul-17 Results
Kansai Nerolac Paints Limited 20-Jul-17 Results
Kotak Mahindra Bank Limited 20-Jul-17 Results
Mahindra CIE Automotive Limited 20-Jul-17 Results
NIIT Technologies Limited 20-Jul-17 Results
NIFTY 9666 IN FOCUS
Support 9640
9590
Resistance 9710
9800
Stock in Focus JYOTHY LABORATORIES
Positional Pick PFC
Intraday Pick BHEL
Intraday Pick INFRATEL
Institutional Equity Research
MARKET LENS
July 10, 2017
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
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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.
