MSFL Research - marwadionline.com · MSFL Research Retail Business Group, MSFL, CIN :...
Transcript of MSFL Research - marwadionline.com · MSFL Research Retail Business Group, MSFL, CIN :...
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MSFL Research
Retail Business Group, MSFL, CIN : U65910GJ1992PLC017544
Marwadi Financial Plaza, Nana Mava Main Road Rajkot.
Tel + 91 281 6192818/816/817 www.marwadionline.com
Daily Market Preview
Sensex 337940.30 (0.55%) Nifty 10493.00 (0.50%) Tuesday, Dec 26 2017
F&O Picks HEXAWARE(336.35) Covered Call Strategy Outlook : Positive Payoff
Increase in price couple with decrease in open interest indicates Short Covering of position. The stock is expected to test 350 on daily chart.
Maximum profit is 15.35 at or above 350 levels while loss is restricted to 7.65 at stop loss level.
Strategy – Covered Call strategy Logic Buy a Dec Future @ 336.35 Write a Dec 350 Call @ 1.70 Keep stoploss of 327
Buying a Future alllow one to gain in the Up side move while writing an OTM Call reduces cost of strategy.
F&O - Long buildup / Short covering F&O - Short buildup / Long square up
Stocks Price Change O I change
Stocks Price Change O I change
(`) (%) (shares in Lacs) (%) (`) (%) (shares in Lacs) (%)
RNAVAL 43.25 8.67 3.96 2.80 IFCI 27.20 -5.88 -140.36 -16.38
ALBK 77.45 4.24 1.70 1.32 CANFINHOME 497.30 -2.69 -2.36 -5.51
MINDTREE 601.05 4.10 1.70 10.56 WOCKPHARMA 874.80 -2.30 -5.20 -14.31
VGUARD 239.10 2.42 4.26 14.73 BALRAMCHIN 139.35 -2.18 -14.10 -7.73
PIDILITIND 947.65 2.12 0.54 5.15 IDBI 59.70 -2.13 -10.40 -4.90
Stock CMP Support Next
Target (Down)
Resistance
Next Target (Up)
Intra-Day View
Recommendation
ONGC 193.4 191 189 196 198 Positive
Morning star kind of pattern with average volume action on daily chart indicates strength in a counter. Stock is forming rounding bottom pattern. Stock is trading above all moving averages. RSI has seen with positive sign. buy with sl.
CDSL 366 363 360 369 372 Positive
Doji morning star with above average volume action indicates strength in a counter. Moreover stock has given breakout of descending channel pattern and sustain above it.RSI and SO have seen in positive zone. buy with sl.
BALRAMCHIN 139.35 137 135 141.5 143 Negative
Three black crow followed by big white candle on daily chart indicates weakness. Additionally, it has broken support of all moving averages and given close below it. However, RSI has seen near to oversold zone. so, sell with sl.
Market Indicators Nifty -Techni Views . . .
A/D Ratio (NSE) vvv
26 2 9
2017
16 23 30 6
February
13 20 27 6
March
14 20 27 3 10
April
17 24 2
May
8 15 22 29 5
June
12 19 27 3
July
10 17 24 31 7
August
14 21 28 4 11
September
18 25 3 9
October
16 23 30 6 13
November
20 27 4 11
December
18 25 1 8
2018
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Volume (143,119,168)
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10700* NIFTY 50 (10,457.30, 10,501.10, 10,448.25, 10,493.00, +52.7002)
FII-Cash (mln)
F&O (mln)
Domestic (mln)
PCR
Crude Nymex
Copper
Aluminum
BDI
CBOE VIX
10 year yields
DXY
Supp. Resist Pivot A white candles followed by couple of small candle on daily chart with the average
volume action indicate probable breakout of consolidation in the market. Though we
recommend to trade in long position with the stock specific approach for the day.
I 10460 10513 10481
II 10428 10534 10530
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MSFL Research
Retail Business Group, MSFL Marwadi Financial Plaza, Nana Mava Main Road Rajkot.
Tel + 91 281 6192816/7/8 www.marwadionline.com
Derivative Strategy Stock HEXAWARE Lot Size/Expiry Date :
3000/28 Dec 2017
Outlook : Moderately Bullish
Strategy : Covered Call Strategy
Stock Price Exercise Price
Stop loss
Break Even
Maximum Profit
336.35 Buy a Dec Future @ 336.35
Write(Sell) a Dec 350 Call @ 1.70
327 334.65 15.35 at or above 350
levels
Option Observation
The stock has
witnessed the
increased of
2.87% in price
with decrease of
9.14% in open
interest suggests
short covering of
position.
Strike Price Buy a Future Write a 350 Call Net Pay Off
327 -9.35 1.7 -7.65 330 -6.35 1.7 -4.65
335 -1.35 1.7 0.35
340 3.65 1.7 5.35
345 8.65 1.7 10.35
350 13.65 1.7 15.35 355 18.65 -3.3 15.35
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MSFL Research
Retail Business Group, MSFL Marwadi Financial Plaza, Nana Mava Main Road Rajkot.
Tel + 91 281 6192816/7/8 www.marwadionline.com
Corporate Upddate
Indian Renewable Energy Development Agency gets ‘In-principle’ approval from
BSE & NSE for listing of equity shares.
Welspun Corp wins order to supply 124k MT pipes.
Coromandel International acquires bio Pesticides business of EID Parry for Rs 338
crore.
Power Mech is going to incorporate a 50% JV Company along with Skipper T&D
in DMCC (Dubai multi commodities centre), Dubai to support its international
operations.
BHEL bags Rs 672 crore order for electrics for 25 kV Mainline EMU Trains.
Corporation Bank approves raising of Rs 6500 crore by various means.
Tata Power wins mining license project in Kamchatka, Far East Russia.
Birla, Piramal-Bain, Shree line up to buy Binani Cement.
Cummins may buy Kirloskar Oil Engines.
Suzlon to sell its stake in Shanay and Saroja to Skeiron renewable energy for Rs
280 crore.
GVK Power unit wins bid for 17,06,300 tonns coal SEBI revokes shell company
status on Prakash Industries.
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MSFL Research
Retail Business Group, MSFL, CIN : U65910GJ1992PLC017544
Marwadi Financial Plaza, Nana Mava Main Road Rajkot.
Tel + 91 281 6192816/817/818 /833 www.marwadionline.com
Daily Technical Report
Dec 26, 2017
Exhibit : BankNifty Daily Charts
26 2 9
2017
16 23 30 6 13
February
20 27 6
March
14 20 27 3 10
April
17 24 2
May
8 15 22 29 5
June
12 19 27 3
July
10 17 24 31 7
August
14 21 28 4 11
September
18 25 3 9
October
16 23 30 6 13
November
20 27 4 11
December
18 25 1 8
2018
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* NIFTY BANK (25,615.60, 25,694.50, 25,560.50, 25,648.55, +94.2500)
A couple of small doji candle on daily chart indicates
some sort of consolidation in the market. On weekly
front, it has a formed big white candle followed by
kind of dragonfly doji which indicates positive
momentum. Momentum indicators RSI and SO have
given positive crossover. So, we recommend to buy
adopt buy on dips strategy.
Index View Support Resistance
Bank Nifty Consolidati
on
25455 25820
Counters Close Support Levels Resistance Levels
I II III IV V I II III IV V
Sensex 33940 33817 33694 33498 33301 33105 34014 34087 34284 34480 34677
Nifty(F) 10505 10469 10433 10375 10316 10257 10528 10551 10609 10668 10727
Nifty(C) 10493 10460 10428 10375 10322 10269 10513 10534 10586 10639 10692
Axis bank 554 549 544 536 529 521 557 560 567 575 583
Bharti 529 522 515 499 484 468 537 546 561 577 592
REC 157 156 155 153 152 150 158 159 160 162 164
L&T 1266 1256 1246 1229 1212 1195 1273 1280 1297 1314 1331
ICICI Bank 317 314 311 306 300 295 319 322 327 333 338
Reliance 920 912 904 891 878 865 925 930 944 957 970
Titan 857 851 845 830 816 801 866 874 889 904 919
SBI 320 316 313 305 298 291 324 327 335 342 349
TCS 2647 2603 2560 2486 2413 2339 2677 2707 2781 2855 2928
Tata Motor 422 420 418 412 407 401 425 429 434 440 445
Tata Steel 711 707 702 692 683 673 716 721 731 741 751
Voltas 659 647 635 614 592 570 669 679 701 723 745
Infosys 1039 1022 1005 976 947 918 1051 1062 1091 1120 1149
Maruti 9700 9595 9490 9270 9051 8831 9815 9930 10150 10369 10589
Bajaj Auto 3329 3270 3212 3109 3007 2904 3373 3417 3519 3622 3724
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MSFL Research
Retail Business Group, MSFL, CIN : U65910GJ1992PLC017544 Marwadi Financial Plaza, Nana Mava Main Road Rajkot.
Tel + 91 281 6192818/817/816/833 www.marwadionline.com
F&O Top Pick Dec 26, 2017
Stock Intra view Support Resistance
26 2 9
2017
16 23 30 6
February
13 20 27 6
March
14 20 27 3 10
April
17 24 2
May
8 15 22 29 5
June
12 19 27 3
July
10 17 24 31 7
August
14 21 28 4 11
September
18 25 3 9
October
16 23 30 6 13
November
20 27 4 11
December
18 25 1 8
2018
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DCB BANK - 1 MONTH (193.000, 197.250, 192.900, 195.550, +2.55000)
DCBBANK Buy with sl
(195.55)
192 199
189 202
Green candle followed by couple of red
candle indicates strength in a counter. 7
DEMA acted as a strong support for counter.
Selected momentum indicator RSI has given
posit ive crossover. So we recommend to Buy
with sl.
Stock Intra view Support Resistance
26 2 9
2017
16 23 30 6
February
13 20 27 6
March
14 20 27 3 10
April
17 24 2
May
8 15 22 29 5
June
12 19 27 3
July
10 17 24 31 7
August
14 21 28 4 11
September
18 25 3 9
October
16 23 30 6 13
November
20 27 4 11
December
18 25 1 8
2018
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Volume (1,832,832)
21002110212021302140215021602170218021902200221022202230224022502260227022802290230023102320233023402350236023702380239024002410242024302440245024602470248024902500251025202530254025502560257025802590260026102620263026402650266026702680269027002710272027302740275027602770278027902800281028202830TCS (2,604.00, 2,663.90, 2,590.20, 2,646.75, +51.0500)
TCS Buy with sl
(2647.20)
2625 2657
2604 2679
Big green candle followed by couple of
small candle with above average volume
action on daily chart indicates strength in a
counter. Daily momentum indicator RSI has
given positive crossover. Therefore we
suggest Buy with sl.
Stock Intra view Support Resistance
26 2 9
2017
16 23 30 6
February
13 20 27 6
March
14 20 27 3 10
April
17 24 2
May
8 15 22 29 5
June
12 19 27 3
July
10 17 24 31 7
August
14 21 28 4 11
September
18 25 3 9
October
16 23 30 6 13
November
20 27 4 11
December
18 25 1 8
2018
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340COAL INDIA - 1 MONTH (269.550, 269.550, 265.500, 266.450, -2.09998)
COALINDIA Sell with sl
(266.45)
262 270
258 274
A couple of black candle with above average
volume on daily chart indicates weakness.
Moreover, it has, formed declining channel
pattern.200 DEMA is acting as strong
resistance. RSI has seen with negative
Crossover. sell with sl.
[Type text]
MSFL Research
Retail Business Group, MSFL, CIN : U65910GJ1992PLC017544 Marwadi Financial Plaza, Nana Mava Main Road Rajkot.
Tel + 91 281 6192816/817/818 www.marwadionline.com
Scrip Name Industry Meeting Purpose
ARVSMART Realty Preferential Issue of shares
BGPL Paper & Paper Products General
CANBK Banks General
ETIL Finance (including NBFCs) General
HANUNG Furniture Furnishing Paints General
INSOE IT Consulting & Software General
PIDILITIND Specialty Chemicals Buy Back of Shares
PSB Banks General
RAPIDIN Misc.Commercial Services General
RELICTEC Other Financial Services General
TATIAGLOB Other Apparels & Accessories General
Scrip Code Scrip Name Ex-Date Actions
531543 JINDWORLD 26-Dec-17 Stock Split From Rs.10/- to Rs.5/-
504340 CONFINT 27-Dec-17 Consolidation of Shares
509874 SHALPAINTS 28-Dec-17 Right Issue of Equity Shares
Board Meetings (26.12.2017)
Corporate Action
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MSFL Research
MSFL Disclaimer: All information/opinion contained/expressed herein above by MSFL has been based upon information available to the public and the sources, we believe, to be reliable, but we do not make any representation or warranty as to its accuracy, completeness or correctness. Neither MSFL nor any of its employees shall be in any way responsible for the contents. Opinions expressed are subject to change without notice. This document does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. This document is for the information of the addressees only and is not to be taken in substitution for the exercise of judgment by the addressees. All information contained herein above must be construed solely as statements of opinion of MSFL at a particular point of time based on the information as mentioned above and MSFL shall not be liable for any losses incurred by users from any use of this publication or its contents. "For information only, not solicitation to trade, refer website disclaimer before trading"
Analyst Declaration: We, MSFL Research Team, hereby certify that the views expressed in this report are purely our views taken in an unbiased manner out of information available to the public and believing it to be reliable. No part of our compensation is or was or in future will be linked to specific view/s or recommendation(s) expressed by us in this research report. All the views expressed herewith are our personal views on all the aspects covered in this report.
MSFL Investment Rating: The ratings below have been prescribed on a potential returns basis with a timeline of up to 12 months. At times, the same may fall out of the price range due to market price movements and/or volatility in the short term. The same shall be reviewed from time to time by MSFL. The addressee(s) decision to buy or sell a security should be based upon his/her personal investment objectives and should be made only after evaluating the stocks’ expected performance and associated risks.
SEBI Registration No.: INH000002186 Key ratings: Rating Expected Return Buy > 15% Accumulate 5 to 15% Hold - 5 to 5% Sell < - 5% Not Rated -
Marwadi Shares & Finance Limited
Registered Office Marwadi Financial Plaza, Nana Mava Main Road, Off. 150 Ft. Ring Road, Rajkot – 360 005. Tel : +91 281 6192833 / 818 / 817 / 816